Showing posts with label Start-ups. Show all posts
Showing posts with label Start-ups. Show all posts

Tuesday, February 12, 2019

Rakuten invests in Altiostar for virtual RAN

Rakuten, the Japanese e-commerce and fintech company and soon to be the operator of Japan’s newest mobile network, will make a strategic investment in Altiostar Networks, a start-up based in Tewksbury, Mass. The investment is subject to approval by the Committee on Foreign Investment in the United States.

Altiostar provides a 5G-ready virtualized RAN software solution that supports open interfaces and disaggregates the hardware from the software to build an open multi-vendor web-scale network. The Altiostar solution supports macro and small cells, indoor and outdoor, enabling interference management, carrier aggregation and dual reception.

Rakuten said it is on track with the deployment of a fully virtualized mobile network in Japan by October 2019.

“Our vision for Rakuten Mobile Network is to build the world’s first end-to-end, fully virtualized, software-defined mobile network: A network that innovates at the Speed-of-Software and scales at the Speed-of-Cloud. Altiostar technology is key to realizing this vision within the year,” said Tareq Amin, CTO of Rakuten Mobile Network. “The whole Rakuten team is looking forward to working closely with Altiostar to take a leadership role in driving RAN virtualization and to bring disruptive innovation to the mobile industry.”

“Open RAN architecture and virtualization are key to building software-centric networks that can scale and adapt to meet an explosion of devices and applications driving service velocity and profits,” said Ashraf Dahod, CEO of Altiostar Networks. “This funding is going to help us expand our technology innovation to help operators like Rakuten to push new business models and bring affordable broadband to the masses through web-scale mobile networks.”

In addition to the investment, Rakuten Mobile Network President Yoshihisa Yamada and Chief Technology Officer Tareq Amin will join the board of Altiostar upon completion of the transaction.

http://www.altiostar.com

Tuesday, February 5, 2019

Databricks raises $250 million for Big Data Analytics

Databricks, a start-up based in San Francisco that was founded by the original creators of Apache Spark, raised $250 million in a Series E funding for its unified analytics solutions.

The company's Unified Analytics allows organizations to do data science on massive data sets. The approach addresses data silos and the gap between data processing and machine learning platforms.

Databricks said it generated in excess of $100 million in annual recurring revenue during 2018 and experienced approximately 3x year-over-year growth in subscription revenue during the last quarter of 2018.

The new funding round was led by Andreessen Horowitz. Coatue Management, Microsoft, and New Enterprise Associates (NEA) also participated. The company has now raised $498.5 million to date. Its valuation now stands at $2.75 billion.

“Databricks has gone from almost no revenue to over $100 million in annual recurring revenue in just three years, putting us among the fastest growing enterprise software companies,” said Ali Ghodsi, CEO and co-founder of Databricks. “What’s driving this incredible growth is the market’s massive appetite for Unified Analytics. Organizations need to achieve success with their AI initiatives and this requires a Unified Analytics Platform that bridges the divide between big data and machine learning.”

“Databricks is the clear winner in the big data platform race,” said Ben Horowitz, co-founder and general partner at Andreessen Horowitz. “In addition, they have created a new category atop their world-beating Apache Spark platform called Unified Analytics that is growing even faster. As a result, we are thrilled to invest in this round.”

http://www.databricks.com

Monday, February 4, 2019

Intel invests in Catalytic, Fortanix, Pliops

Intel Capital announced investments in three startups:

  • Catalytic (Chicago) -- offers a SaaS intelligent automation platform that can remove many of a business’ manual data processing tasks. The platform has more than 200 actions that enable users to rapidly build an intelligent automation layer to process data, documents, emails, websites and systems. In addition to reducing manual effort, Catalytic shortens cycle time and improves accuracy.  Intel led the Series B round of funding, which amounted to $23 million. Other investors include Redline Capital, NEA, Boldstart, and Hyde Park Angels. https://catalytic.com/
  • Fortanix (Mountain View, California) -- allows customers to more securely operate even the most sensitive applications without having to trust the cloud. The company provides unique deterministic security by encrypting applications and data everywhere – at rest, in motion and in use – with its Runtime Encryption technology built upon Intel SGX. Intel led the Series B round of funding, which amounted to $23 million. Other investors include Foundation Capital and Neotribe. https://www.fortanix.com/
  • Pliops (Ramat Gan, Israel) -- a new category of storage processor that enables cloud and enterprise data centers to access data up to 50x faster with 1/10th of the computational load and power consumption. The Pliops storage processor allows cloud databases like MySQL or Cassandra deployed on disaggregated Flash to scale more efficiently via a 90% reduction in compute load, a 20x reduction in network traffic, a 50x improvement to latency and over 10x application throughput. Pliops recently raised $30 million in Series B funding led by Softbank Ventures Asia, with participation from all Series A investors including Intel Capital, State of Mind Ventures (SOMV) and Viola Ventures, along with strategic investors Western Digital Capital and Xilinx.  http://www.pliops.com/

“The cloud has been one of the most transformative trends in enterprise computing – boosting productivity, cutting costs and creating flexible environments. But cloud adoption still faces momentous challenges, including security risks and an exponential rise in computing complexity. That’s why we’re pleased to announce new investments in three exceptional companies that will help overcome these challenges,” stated Mauro D’Amato and Sunil Kurkure, investment directors at Intel Capital.

Platform9 intros managed Kubernetes service on VMware

Platform9, a start-up based in Sunnyvale, California, announced a fully managed Kubernetes service on VMware vSphere with Platform9 Managed Kubernetes (PMK).

Platform9 says its solution eliminates the operational complexity of Kubernetes at scale by delivering it as a fully managed service, with all enterprise-grade capabilities included out of the box: zero-touch upgrades, multi-cluster operations, high availability, monitoring, and more, all handled automatically and backed by a 24x7x365 SLA. The service delivers centralized visibility and management across all Kubernetes environments - whether on-premises, in the public cloud, or at the Edge - with quota management and role-based access control.

"Kubernetes is the #1 enabler for cloud-native applications and is critical to the competitive advantage for software-driven organizations today. VMware was never designed to run containerized workloads, and integrated offerings in the market today are extremely clunky, hard to implement and even harder to manage," said Sirish Raghuram, Co-founder and CEO of Platform9. "We're proud to take the pain out of Kubernetes on VMware, delivering a pure open source-based, Kubernetes-as-a-Service solution that is fully managed, just works out of the box, and with an SLA guarantee in your own environment."

Wednesday, January 23, 2019

Arrcus extends its network OS to 400GbE switches

Arrcus, a start-up offering an independent, Linux-based network operating system, announced support for multiple 400GbE and high-density 100GbE switching platforms.

ArcOS is a modular, extensible microservices-based networking software for building scale-out networks. A production release is available for switches based on Broadcom's StrataXGS Trident 3 and StrataDNX Jericho+ platforms.

Arrcus is now adding support for Broadcom’s StrataXGS Tomahawk 3 silicon, with platforms from multiple ODM vendors, featuring 32 ports of 400G (1 RU) and 128 ports of 100G (4 RU).



This enables use cases including hyperscale data center IP fabrics for deep learning workloads, massively distributed and inter-connected edge data centers in telco cloud environments (PoPs, central offices, edge computing clusters, etc.) as 5G networks roll out; and flatter topology of high-radix, low-latency storage environments using high-density 100G and 400G interconnects.

Key features enabled on these platforms include:

  • Faster network speeds - 12.8 Terabits/sec line-rate switching (2X the performance compared to previous generation)
  • 4X increase in port density compared to existing 100G switches
  • Larger switching and routing databases with improved convergence times at global mega-data-center scale
  • New high-performance shared buffering and congestion control architecture to reduce tail latencies for AI and machine learning workloads
  • Traffic-aware scheduling for elephant flow detection and re-prioritization
  • Enhanced ECMP hashing and dynamic load balancing to optimize performance in cloud and HPC environments
  • Comprehensive ArcOS feature support with in-built automation and real-time visibility
  • QSFP-DD optic support for 50G/100G/200G and 400G speeds with flexibility to support other optics alternatives per market demand

 “Immersive, data-intensive applications demand major advancements in network-bandwidth, scale-out performance, and convergence latency. To meet this explosive growth, our customers are looking for faster, smarter, and better networking solutions,” said Devesh Garg, Co-founder and CEO, Arrcus. “ArcOS delivers all of these and our rapid support of Tomahawk 3-based platforms unlocks elastic, open networking, standards-based solutions for building flatter, high-density data center fabrics.”

“With our flagship 12.8Tbps StrataXGS Tomahawk 3 Switch silicon anchoring the current wave of 100GbE and 400GbE cloud network deployments, we are pleased to work with Arrcus to enable their differentiated ArcOS solution”, said Ram Velaga, Senior Vice President and General Manager, Switch Products, Broadcom. “The combined platform addresses the need for flatter, cost-effective, highly resilient networks with lower end-to-end latency while delivering massive bandwidth for distributed, data-intensive applications.”

Arrcus is based in San Jose, California.

http://www.arrcus.com

Broadcom confirms mass production of 12.8 Tbps Tomahawk 3 

Broadcom's StrataXGS Tomahawk 3 switch series is now in mass production.

The Tomahawk 3 series supports high-density, line-rate 400GbE, 200GbE, 100GbE, and 50GbE interconnect for massive scale-out of software-defined cloud data centers. The Tomahawk 3 switch series features multiple devices at 12.8Tbps, 8.0 Tbps, and 6.4 Tbps based on the industry’s most performant 50G PAM4 / 25G NRZ SerDes technology. All devices in the series have completed extensive functional, performance, and reliability testing and have been qualified for volume production.

“We are delighted and humbled by the widespread adoption of Tomahawk 3 based switching solutions in cloud infrastructure,” said Ram Velaga, senior vice president and general manager, Switch Products at Broadcom. “Our engineering team has executed to the demands of the largest cloud operators globally, including the most rigorous system and network-level qualification requirements – both in our labs and in customer testbeds. Network operators are able to immediately deploy Tomahawk 3 based fabrics, at scale, and with confidence.”

Broadcom announces 12.8 Tbps Tomahawk 3 switching silicon

Broadcom announced commercial shipments of its StrataXGS Tomahawk 3 Ethernet switch silicon boasting 12.8 Terabits/sec in a single device -- double that of any other switching chip currently in the market.

Tomahawk 3 paves the way for high-density, standards-based 400GbE, 200GbE, and 100GbE switching and routing for hyperscale cloud networks. The latest gen silicon is expected to be adopted by leading network equipment OEMs as well as by hyperscale cloud companies.

Third party companies cited in the product announcement included Microsoft, Alibaba, Arista Networks, Baidu, Juniper Networks, LinkedIn, Tencent, Accton, Celestica, Delta Networks, Quanta, Applied Optoelectronics, Foxconn Interconnect Technologies, Intel Silicon Photonics, and Luxtera.

The new chip, which arrives 14 months after Broadcom introduced its 6.4Tbps product generation, offers 40% lower power consumption per 100GbE switch port and up to 75% lower cost per 100GbE switch port.

Key features of the StrataXGS Tomahawk 3 Series:

  • Supports 32 x 400GbE, 64 x 200GbE, or 128 x 100GbE line-rate switching and routing on a single chip
  • Delivers 40% reduction in power per 100Gbps, and up to 75% lower cost per 100Gbps, versus alternatives
  • New, state-of-the-art, integrated 12.8Tbps shared-buffer architecture offers 3X to 5X higher incast absorption and provides the highest performance and lowest end-to-end latency for RoCEv2 based workloads
  • Broadview Gen 3 integrated network instrumentation feature set and software suite provides full visibility to network operators into packet flow behavior, traffic management state, and switch internal performance
  • Supports all packet processing and traffic management requirements for next-gen hyperscale network use cases: >2X IP route forwarding scale, 2X ECMP scale, Dynamic Load Balancing and Group Multipathing, In-Band Network Telemetry, Elephant Flow detection and re-prioritization
  • Robust connectivity using 256 instances of the best performing and longest-reach 50G PAM-4 integrated SerDes core, enabling long-reach (LR) East-West optical links and Direct-Attached-Copper (DAC) in-rack cabling in the data center, fully compliant to new IEEE standards for 50/100/200/400GbE
  • Implemented on proven, high-volume 16nm process technology node, ensuring fastest time to CY2018 production network deployment for hyperscale customers 

Confluent adds $125M in funding for business data streaming

Confluent, a start-up based in Palo Alto, California, announced $125 million in Series D funding for its live data streaming solutions based on Apache Kafka technology. The founders of Confluent created Apache Kafka while at LinkedIn to help cope with the very large-scale data ingestion and processing requirements of the business networking service.

Apache Kafka, an open source technology created and maintained by the founders of Confluent, acts as a real-time, fault tolerant, highly scalable messaging system. It is widely adopted for use cases ranging from collecting user activity data, logs, application metrics, stock ticker data and device instrumentation.

The company said 2018 was a banner year, with 3.5X subscription bookings growth year over year. During the year, the company launched its Confluent Platform 5.0, which introduced significant new capabilities, from making infrastructure more secure, reliable and easier to manage, to enabling more powerful applications with streaming data. Confluent made KSQL generally available and released theStream Processing Cookbook, which features KSQL recipes to solve specific, domain-focused problems using KSQL. The company also launched Confluent Hub, an online service for finding, reviewing and downloading extensions for the Apache Kafka and Confluent Platform ecosystems.

The latest funding round was led by Sequoia Capital, joined by existing investors Index Ventures and Benchmark. This brings Confluent’s total funding to $206 million.

“Industry-leading companies are re-architecting their businesses around real-time events,” said Jay Kreps, co-founder and CEO at Confluent. “With Confluent, companies can connect all of their applications and data sources, enabling them to react and engage their customers in a faster, more personalized and more efficient manner. We think event streaming has the opportunity to become as big a category in infrastructure technology as databases, and we’re excited to be creating that future.”

Thursday, January 17, 2019

Boeing invests in Isotropic Systems for satellite terminals

Isotropic Systems Ltd., a start-up developing next-generation integrated satellite terminals, announced a $14 million Series A round of funding led by Boeing HorizonX Ventures, with participation from WML, Space Angels and Space Capital.

Isotropic Systems, which is based in London, is developing the world's first multi-service, high-bandwidth, low power, fully integrated high throughput terminal designed to support the satellite industry to 'reach beyond' traditional markets and acquire new customers with a full suite of high throughput services.

"The Series A financing builds on an exceptional year for Isotropic which saw a rapidly growing roster of strategic partners and customers who are poised to unlock the full potential of high-throughput satellites and mega-constellations across all orbits," said John Finney, founder and chief executive officer of Isotropic Systems. "Boeing's investment provides our team access to Boeing experts, testing labs, and other valuable resources to fast-track the deployment of our terminal solutions and to leverage our intellectual property across other space-based and wireless connectivity applications."

https://www.isotropicsystems.com

Netrounds raises funding for software-based active testing, monitoring

Netrounds, a start-up based in Sweden, announced a Series A investment round led by Swisscom Ventures and a new Nordic technology investment fund which is expected to be disclosed and announced at the end of Q1, 2019. The amount of the investment was not disclosed.

Netrounds focuses on software-based active testing, monitoring and automated troubleshooting solutions for communications service providers and global enterprises.

"The Netrounds team is thrilled to begin working with our new investors as we continue our exciting journey of growth and innovation," said Mats Nordlund, CEO and co-founder of Netrounds. "This investment round will significantly improve our sales team's capability to execute on our rapidly growing sales pipeline and to capture global market share."

Tuesday, January 15, 2019

Rubrik adds $261 million in funding for cloud data management

Rubrik, a start-up based in Palo Alto, California, closed $261 million in new venture funding for its Cloud Data Management platform, which delivers data protection, search and analytics, archiving and compliance, and copy data management capabilities for hybrid cloud enterprises. This gives the company total venture backing of over $553 million and a valuation of $3.3 billion. The new funding came from new investor Bain Capital Ventures, and with strong participation from existing investors Lightspeed Venture Partners, Greylock Partners, Khosla Ventures, and IVP.

Rubrik now has over 1,400 employees and is delivering global 24×365 support with three locations in the US, plus locations in Ireland, the Netherlands, India, and Tokyo.

Rubrik's value proposition is to deliver data management functions in a single software fabric spanning with


  • Instant Access – Rubrik delivers instant application recovery and predictive global search by unifying data locked within disparate application silos into one globally indexed namespace while leveraging zero-data cloning technology to enable on-demand copy data workflows.        
  • Automated Orchestration – Rubrik nearly eliminates daily operational management by enabling a single policy engine to orchestrate service level agreements across the entire data lifecycle. The Rubrik programmatic interface automates how data services are created, consumed, and retired across clouds.
  • Security and Compliance – Rubrik secures data whether in-flight or at-rest throughout its lifecycle, regardless of location. The Rubrik platform delivers granular user provisioning and data permissions across all cloud data management workflows while providing automated compliance reporting to successfully complete various industry and internal audits.

“Our previous fundraising in 2017 was focused on global expansion and increasing our reach into the enterprise market. Now, with thousands of customers around the world, industry-leading customer satisfaction ratings, and numerous analyst and industry awards, we have customers asking us to solve new challenges,” said Bipul Sinha, Co-founder and CEO at Rubrik. “This new capital will speed the introduction of exciting new products in 2019 that will solve those customer challenges and significantly expand our strategic footprint in the enterprise.”


  • In 2018, Rubrik welcomed Microsoft Chairman John W. Thompson and Chairman Emeritus and former CEO of Cisco John Chambers as a board member and a board advisor, respectively. The company also expanded its executive team with several high profile hires from leading technology companies, including: Chief Financial Officer Murray Demo (Atlassian), CIO Avon Puri (VMware), Chief Legal Officer Peter McGoff (Box), Chief People Officer Jeff Vijungco (Adobe), SVP of Product & Strategy Shay Mowlem (Splunk), and SVP of Finance & Strategy Kiran Choudary (Atlassian).


Thursday, January 3, 2019

Accedo raises $17 million for its cloud video platform

Accedo, a start-up based in Stockholm, announced US$17 million in venture funding for its cloud-based video platform for its vision of providing the future of Internet distributed video services.

Accedo was founded in 2004 by Michael Lantz and Fredrik Andersson. The company's Accedo One cloud platform is "dedicated to providing operators, broadcasters and brands with the freedom to build, manage and deploy high-quality, engaging video experiences."

The funding round was led by SEB Private Equity, a Stockholm based private equity team and already a substantial investor in Accedo.

“The industry is undergoing tremendous change at the moment. We see rapid innovation happening and existing business models and technologies are being challenged. As an innovator in the market, we have great opportunities to set and drive the agenda during a dynamic transformation. I’m thrilled to be able to continue to lead the market in new areas over the coming years,” says Michael Lantz, CEO, Accedo.

“Accedo has built a leading position in a very dynamic and rapidly changing industry. The market trends are moving in the right directions and we expect to see continued rapid industry evolution over the coming years. We’re looking forward to supporting Accedo as we embark on the next step on this exciting journey”, commented Magnus Ramström, Investment Director , SEB Private Equity.

https://www.accedo.tv

Thursday, December 20, 2018

Cambridge Mobile Telematics announces $500M backing from Softbank

Cambridge Mobile Telematics (CMT), which is known for its DriveWell platform used by insurers, fleet operators, cellular carriers, and large entreprises to measure driving risk, announced a $500 million investment from the SoftBank Vision Fund.

CMT, which is located steps from the MIT campus, said the investment will boost its growth in automated crash and claims management, video analytics, and safety for emerging vehicle and mobility systems. The investment is subject to regulatory approval.

“CMT is breaking new ground in the application of telematics, machine learning, and behavioral analytics to solve challenging problems in insurance and safety,” said Akshay Naheta, Partner at SoftBank Investment Advisers. “CMT is uniquely positioned to help insurers develop the insights to better support customers and advance their operations, while promoting long-term improvements in driving standards around the world.”

“Over the past few years, the DriveWell platform has helped make roads safer by making drivers better in a world where crashes are rising due to factors like distracted driving,” said Hari Balakrishnan, CMT’s Chairman and CTO, who founded CMT with Bill Powers (CEO) and Sam Madden (Chief Scientist). “Our rapid growth has been fueled by a culture that values collaboration with our customers and invests in research to improve our solutions and develop new products. This partnership with the Vision Fund is the start of the next stage of our journey to bring safe mobility solutions for people and goods at massive scale.”

CMT has pioneered many innovations since its inception, in 2010, from MIT’s Computer Science and Artificial Intelligence Lab. CMT deployed the first service to efficiently gather and process sensory data from phones for auto insurance (2012), use phone sensors to measure phone distraction (2013), and induce better driving with gamification (2014). Together, these innovations created the category of “behavior-based insurance”, also known as “mobile usage-based insurance”. Results from the field are compelling: the driving feedback, rewards, and contests delivered via the DriveWell platform reduce phone distraction by 35% on average with 30 days, and at-risk speeding and hard braking by 20%. These improvements lead to significant measurable reductions in crashes and insurance claims.
  • 2010 - company conceived at MIT’s Computer Science and Artificial Intelligence Lab
  • 2012 -  first service to efficiently gather and process sensory data from phones for auto insurance
  • 2013 - first use phone sensors to measure phone distraction
  • 2014 - first use of phone sensors for better driving with gamification 
  • 2014 - introduced its DriveWell Tag, the first fully wireless “Internet of Things” (IoT) device to measure vehicle dynamics for actuarial scoring and for real-time impact alerts with roadside assistance
  • 2018 - CMT shipped its 6 millionth Tag. 


http://www.CMTelematics.com

Wednesday, December 19, 2018

LightOn raises EUR 2.9 million for optics-based data processing for AI

LightOn, a start-up based in Paris, announced EUR 2.9 million (US$3.3 million) in seed funding for its work in developing optics-based data processing technology for AI.

LightOn is building Optical Processing Units (OPUs) for sensing. The core technology, licensed by PSL Research University, was originally developed at several of Paris’ leading research institutions.

The company said it is already working with OVH, Europe’s leading cloud provider.

The seed funding was provided by several deep technology-focused venture funds, including Quantonationand Anorak.

http://www.lighton.io

Wednesday, December 12, 2018

Tigera raises $30 million for Kubernetes security

Tigera, a start-up based in San Francisco, announced $30 million in funding for its security and compliance solutions for Kubernetes platforms.

Tigera says modern microservices architectures present a unique challenge for legacy security and compliance solutions since these new workloads are highly dynamic and ephemeral. This new architecture creates an explosion of internal, or east-west traffic that must be evaluated and secured by the network and security operations teams.

Tigera Secure Enterprise Edition (TSEE) secures Kubernetes environments and ensures continuous compliance using a declarative model similar to Kubernetes. Under the hood, TSEE authenticates all service-to-service communication using multiple sources of identity, authorizes each service based on multi-factor rules, encrypts network traffic, and enforces security policies at the edge of the host, pod, and container within the infrastructure for a defense in depth security model. All connection details are logged in a compliance-ready format that is also used for incident management and security forensic analysis.

The Series B funding was led by Insight Venture Partners, with participation from existing investors Madrona, NEA, and Wing.

Thursday, December 6, 2018

LeanIX raises $30 million for its business management SasS

LeanIX, a start-up based in Bonn, Germany, closed $30 million in Series C funding.

LeanIX offers a Software-as-a-Service (SaaS) application for Enterprise Architecture (EA), which enables organizations to make faster, data-driven decisions.

The funding round was led by Insight Venture Partners. Previous investors DTCP (Deutsche Telekom Capital Partners), Capnamic Ventures, and Iris Capital also participated in the round. The closing brings LeanIX’s total funding to nearly $40 million since its founding in 2012.

“Today’s enterprises face data overload, overwhelmed by archaic IT landscapes that cripple productivity and business opportunity. Organizations need clear, actionable insights, and more than ever, enterprises are opting for IT modernization and demanding innovative EA tools,” said André Christ, CEO, and co-founder of LeanIX. “Together with our investors, we aim to become the category leader for EA in modern technology business management. While Agile, DevOps and Cloud are becoming mainstream in enterprises, we provide the best technology for a successful adoption and continuous management.”

http://www.leanix.net

Thursday, November 29, 2018

Juniper to Acquire HTBASE for Enterprise Multicloud Solutions

Juniper Networks agreed to acquire HTBASE, a start-up based in Santa Clara, California, that offers a software platform for integrates compute, networking and storage across public and private clouds.

Juniper said the acquisition will add multicloud storage to the network and compute orchestration capabilities of its Contrail Enterprise Multicloud. HTBASE’s unique value is its platform’s ability to make the complete infrastructure layer (compute, storage and networking) transparent to applications, without impacting the operating system or architecture.

“Companies are moving more workloads from on-premises to the cloud to keep up with the need for agility and more flexibility. It’s up to us to make this transition not only achievable, but more importantly, to focus on making the move to the multicloud simple,” said Rami Rahim, CEO of Juniper Networks. “Juniper is betting big on multicloud and the momentum is mounting every day. Together with HTBASE, we have an opportunity to shape a new and emerging market that will deliver significant value with a unique line of products to customers worldwide.”

Sunday, November 18, 2018

Ayar raises $24m for TeraPHY chips, appoints CEO

Ayar Labs, a start-up based in Emeryville, California, raised $24 million in Series A funding for its work in silicon photonics for high-speed connectivity.

Ayar Labs said it is pursuing a unique silicon photonics approach that uses fiber optic technology to move data between chips, rather than traditional copper pins and wires. It delivers improvements of 10x more bandwidth and 10x lower power compared to electrical interconnections.

The funding round was led by Playground Global and included Founders Fund, GlobalFoundries, and Intel Capital.

“The Series A investment is a big step towards enabling optical I/O for next-generation computing architectures, and prepares the company to reach scale production” says Ayar Labs co-founder and President Mark Wade.

“As we enter this next phase in our company’s growth, we are thrilled to be adding such strong investors with deep roots and expertise in the semiconductor and microelectronics industry,” says Ayar Labs co-founder Alex Wright-Gladstein.

The company also announced that Charlie Wuischpard, former vice president and general manager at Intel, has joined Ayar Labs as chief executive officer (CEO) and a member of the board of directors (Board). Wuischpard succeeds co-founder Alexandra Wright-Gladstein, who will assist with the transition and remain a senior member of the management team.

https://ayarlabs.com


Thursday, November 15, 2018

Habana Labs raises $75M for AI processors, including Intel investment

Habana Labs, a start-up based in Tel-Aviv, Israel, raised $75 million in an oversubscribed series B funding for its development of AI processors.

Habana Labs is currently in production with its first product, a deep learning inference processor, named Goya, that is >2 orders of magnitude better in throughput & power than commonly deployed CPUs, according to the company. Habana is now offering a PCIe 4.0 card that incorporates a single Goya HL-1000 processor and designed to accelerate various AI inferencing workloads, such as image recognition, neural machine translation, sentiment analysis, recommender systems, etc.  A PCIe card based on its Goya HL-1000 processor delivers 15,000 images/second throughput on the ResNet-50 inference benchmark, with 1.3 milliseconds latency, while consuming only 100 watts of power. The Goya solution consists of a complete hardware and software stack, including a high-performance graph compiler, hundreds of kernel libraries, and tools.

Habana Labs expects to launch an training processor - codenamed Gaudi - in the second quarter of 2019.

The funding round was led by Intel Capital and joined by WRV Capital, Bessemer Venture Partners, Battery Ventures and others, including existing investors. This brings total funding to $120 million. The company was founded in 2016.

“We are fortunate to have attracted some of the world’s most professional investors, including the world’s leading semiconductor company, Intel,” said David Dahan, Chief Executive Officer of Habana Labs. “The funding will be used to execute on our product roadmap for inference and training solutions, including our next generation 7nm AI processors, to scale our sales and customer support teams, and it only increases our resolve to become the undisputed leader of the nascent AI processor market.”

“Among all AI semiconductor startups, Habana Labs is the first, and still the only one, which introduced a production-ready AI processor,” said Lip-Bu Tan, Founding Partner of WRV Capital, a leading international venture firm focusing on semiconductors and related hardware, systems, and software. “We are delighted to partner with Intel in backing Habana Labs’ products and its extraordinary team.”

https://habana.ai/

Kaloom raises $10 million for its software-defined fabric for whiteboxes

Kaloom, a start-up based in Montreal with offices in Santa Clara, California, announced $10 million in Series A1 funding for its Software Defined Fabric (SDF) for automating and optimizing data center networks based on open networking white box switches.

The latest financing was led by the Fonds de solidarité FTQ, and Somel Investments, with the participation from MBUZZ Investments. This cash infusion brings Kaloom’s total investments to $20.7 million.

“We see a strong need among current beta and other potential customers to do something ‘bottom up’ with the networking fabric, where the switches self-discover and self-provision themselves automatically in a network that ultimately supports programmability,” said Laurent Marchand, CEO and founder of Kaloom. “The latest funding round is validation of Kaloom’s approach and where we believe the industry is moving; enabling us to grow faster than planned and respond to growing customer demand.”

“In a very short period, Kaloom has developed world class software for data centers. We are excited to see such strong interest in the company and its solution and see a bright future with Kaloom. After our initial investment for Kaloom’s launch in 2017, we are pleased to continue to support the company’s growth,” said Gaétan Morin, President and CEO of the Fonds de solidarité FTQ.

Kaloom also announced tha appointment of Mike Rymkiewicz as its new vice president of sales, and Thomas Eklund as Kaloom’s vice president of marketing.

  • Kaloom's SDF, which is designed to virtualize the data center, leverages P4-based programming capabilities initially in switching silicon from Barefoot Networks. A physical data center can be partitioned into multiple independent and fully isolated virtual data centers (vDCs). Each vDC operates with its own Virtual Fabric (vFabric), which can host millions of IPv4 or IPv6 based tenant networks. Its software-defined fabric offer interfaces to standard orchestration systems and SDN controllers such as Openstack (ML2), Kubernetes Container Networking Interface (CNI) and OpenDaylight (NETCONF). Initially, supported white boxes include Accton, Delta and Foxconn, which have been designed for hyperscale and distributed data centers. The SDF features self-forming and self-discovery capabilities, as well as zero-touch provisioning of the virtual network and virtual components with automated software upgrades.
  • The Kaloom Software Defined Product Family consists of the following components:
    Kaloom Software Defined Fabric
    Kaloom vRouter
    Kaloom vSwitch
    Kaloom vGW (virtual gateway)


Wednesday, October 10, 2018

CNEX Labs raises $23M for SSD Controller architecture

CNEX Labs, a start-up developing a transformative architecture for solid state drive (SSD) controllers, raised over $23 million in Series D venture capital.

CNEX said its patented, ground-up redesign of traditional SSD controller architecture plus its turn-key SSD design capability allows customers to procure SSDs customized for their own needs, while reducing their exposure to the cyclical swings in SSD supply that have constrained business growth. The SSD controller technology includes a highly-programmable interface to NAND flash memory, allowing the same controller to work with multiple types of NAND; flexible Flash Translation Layer (FTL) control (either drive- or host-based), allowing easier optimization for different types of workloads; and proprietary hardware acceleration supporting key functions typically run on slower firmware. The company is based in San Jose, California.

The new funding was led by early investor Dell Technologies Capital (which also led CNEX’s Series A round). Strategic investors also include M12, Microsoft’s venture fund (which led CNEX’s Series C round), major semiconductor foundries, large storage and networking semiconductor companies and other new and existing strategic investors. Additional investors in this round include Sierra Ventures, Walden Venture Investments, Brightstone Venture Capital and others.

“CNEX Labs technology relieves customers from the mercy of a commoditized market and puts them back in control of their own destinies,” said CNEX Labs CEO and Co-Founder Alan Armstrong. “We are proud to have achieved such strong backing and validation from industry partners and investors.”

http://www.cnexlabs.com

Shasta Ventures adds execs from Symantec, Salesforce, InterWest

Shasta Ventures, an early-stage investor based in Menlo Park, California with more than $1 billion under management, announced three additions to its team: former Symantec General Manager Balaji Yelamanchili, Salesforce Chief Information Security Officer (CISO) Izak Mutlu, and InterWest Board Partner Drew Harman.

“Balaji, Izak, and Drew are the dream team, joining us at a period of rapid growth,” said Shasta Managing Director and Partner Jason Pressman. “With the promotion of three partners and the addition of two new associates all within the last year, these new team members will be instrumental in helping us build our portfolio of SaaS, next-gen infrastructure, data intelligence, and security investments into world-class companies.”

Current Shasta enterprise software investments include Forbes 2018 Cloud 100 companies Anaplan and Canva, as well as SaaS 1000 Top Companies Highspot, LeanData, Leanplum, LiveIntent, Lucidworks, and Spiceworks and high-growth start-ups Scalyr and Sendbird. Earlier investments include Apptio (APTI: NASDAQ), the business management system of record for hybrid IT, Glint (acquired by LinkedIn), the people success platform, and Zuora (ZUO: NYSE), the leading cloud-based subscription management platform provider. Shasta’s security portfolio features Airspace Systems, Mocana, Stealth Security and Valimail, among others.

https://shastaventures.com

See also