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

Sunday, September 15, 2019

DOCOMO invests in RAFAY for Kubernetes federation

NTT DOCOMO Ventures has made an equity investment in RAFAY SYSTEMS, a start-up developing a unique lifecycle management system for containerized applications.

RAFAY builds on top of Kubernetes to deliver multi-cluster federation, runtime configuration updates, and cluster and application blueprinting.

The investment was part of an $8 million Series A round that was led by Ridge Ventures and also included Costanoa Ventures and Moment Ventures. The company previously raised $4.1m in seed funding. RAFAY says its solution enables service providers to securely and scalably distribute and operate applications in any environment while reducing reliance on resource-intensive, in-house developed tools.

RAFAY is based in Sunnyvale, CA and led by CEO and Cofounder, Haseeb Budhani.

“Kubernetes is a crucial innovation that has fast-tracked the industry’s adoption of containerized applications running in any cloud, hybrid or edge environment,” said Haseeb Budhani, CEO and Cofounder, Rafay Systems. “But Kubernetes presents a steep learning curve to companies embarking on app modernization journeys. At Rafay, we are on a mission to make Kubernetes easy to consume by any company, regardless of how far along they are on their journey. The Rafay platform empowers DevOps teams to focus on their business critical software development instead of building and maintaining complex internal tools.”

Thursday, September 12, 2019

Trifacta Raises $100m for "data wrangling" cloud preparation software

Trifacta, a start-up based in San Francisco, announced $100 million in funding for its "data wrangling" solutions.

Trifacta’s data wrangling platform provides a self-service approach to cleaning and preparing data.

Trifacta claims more than 10,000 organizations using its platform, including IQVIA, Visa, Autodesk, Kaiser Permanente, BNSF, PepsiCo, Stanley Black & Decker, Franklin Templeton, Sumitomo Banking Corporation, New York Life and The Commonwealth Bank of Australia, rely on Trifacta to democratize data wrangling.

New investors in this round included Telstra Ventures, Energy Impact Partners, NTT DOCOMO Ventures, BMW iVentures and ABN AMRO Digital Impact Fund. It also includes additional investment from existing investors including Accel Partners, Cathay Innovation, Google, Greylock Partners, Ignition Partners, and Infosys.

“For the last decade, companies have been trying to become more data driven, but most organizations have done little to enable people to get past all of the data friction that prevents them from asking and answering the most interesting questions,” said Adam Wilson, CEO at Trifacta. “By automating complex data engineering tasks and enabling increased levels of self-service, Trifacta ensures organizations can harness the collective intelligence of their teams and make everyone a data hero.”

https://www.trifacta.com

Wednesday, September 4, 2019

Federated Wireless raises $51M for CBRS spectrum management

Federated Wireless, a start-up based in Arlington, Virginia, announced $51 million in Series C funding for its Citizens Band Radio Service (CBRS) spectrum management services.

Federated Wireless highlighted its role in the development of CBRS, including:

  • Co-founding the CBRS Alliance
  • Being the first to complete deployment of a nationwide Environmental Sensing Capability (ESC) network
  • Readying multiple customers to deliver CBRS services using its Spectrum Controller (Spectrum Access System or SAS) when commercial services begin this month

The latest funding included contributions from existing investors Allied Minds, American Tower and GIC, Singapore’s sovereign wealth fund, in addition to new investors Pennant Investors and SBA Communications. The

“We passed all of the major hurdles on the road to CBRS deployment in the first half of 2019 and we are fully ready to engage the growing number and types of customers clamoring for access to shared spectrum services,” said Iyad Tarazi, President and CEO of Federated Wireless. “I would like to thank Allied Minds, American Tower, GIC, Pennant Investors and SBA Communications for their support and alignment with our vision for this truly unique opportunity. This funding will propel us, and by extension the CBRS industry as a whole, to new heights, helping us to ensure that we are able to not only meet but exceed the needs of the customers and partners who have collaborated so closely with us to make this vision a reality.”

http://www.federatedwireless.com

Thursday, August 22, 2019

Tibit raises $25M for 10G PON Microplug

Tibit Communications, a start-up based in Petaluma, California, announced the completion of the Series B funding led by Intel Capital and including two new investors – Swisscom Ventures and AJU IB Investment.

Tibit's MicroPlug OLT is a network access device for 10-Gigabit optical networking that reduces the amount of application-specific hardware needed for network deployments.The company says its standard-based SFP+ form factor allows the device to plug into almost any 10G switch port, greatly expanding architecture options for carriers. All this is enabled by the Tibit bridge ASIC, which supports a rich feature set across both ITU-T and IEEE 10G PON standards.

"Tibit's MicroPlug OLT and cloud-based management solutions disrupt the PON market in specifically the areas that carriers are looking to unlock on their networks – interoperability, solution disaggregation, and network virtualization. We see their solution as uniquely positioned to help carriers enable next-generation architectures for access and management solutions," according to Pär Lange of Swisscom Ventures.

"We are pleased with the caliber of investors we have attracted to invest in our revolutionary pluggable PON technology," said Richard Stanfield, President and CEO of Tibit. "This includes the Series B participation of Tibit's existing investors, Intel Capital's lead role in this round, and now the entry of the investment arm of global telecommunications leader Swisscom Ventures and Korea's leading venture capital investor AJU IB Investment."

Dave Flanagan, vice president of Intel Corp. and senior managing director of Intel Capital, states that "the Tibit MicroPlug technology is a great example of the power of virtualization. It provides more flexibility, higher density and lower cost by deploying PON in general-purpose Ethernet switching equipment and management solutions, which can be entirely virtualized on Intel® processor-based servers."

The funding round was led by Intel Capital. TiBit was founded in 2014.

http://tibitcom.com/

Monday, August 19, 2019

Cerebras Wafer Scale Engine packs 1.2 trillion transistors

Cerebras, a start-up based in Los Altos, California, unveiled its Wafer Scale Engine - a record-setting AI processor boasting a die size of 46,225 square millimeters and containing more than 1.2 trillion transistors. The chip is 56X larger than the largest graphics processing unit and contains 3,000X more on-chip memory.

Key specs

  • 400,000 Sparse Linear Algebra (SLA) cores
  • 18GB on-chip SRAM, all accessible within a single clock cycle, and provides 9 PB/s memory bandwidth. 
  • 100 Pb/s interconnect bandwidth in a 2D mesh
  • Manufactured by TSMC on its 16nm process technology

The SLAC cores are flexible, programmable, and optimized for the sparse linear algebra, which underpins neural network computation. The cores are linked together with a fine-grained, all-hardware, on-chip mesh-connected communication network called Swarm.

“Designed from the ground up for AI work, the Cerebras WSE contains fundamental innovations that advance the state-of-the-art by solving decades-old technical challenges that limited chip size—such as cross-reticle connectivity, yield, power delivery, and packaging,” said Andrew Feldman, founder and CEO of Cerebras Systems. “Every architectural decision was made to optimize performance for AI work. The result is that the Cerebras WSE delivers, depending on workload, hundreds or thousands of times the performance of existing solutions at a tiny fraction of the power draw and space.”

The Cerebras product unveiling occurred at this week's Hot Chips Conference at Stanford University.

http://www.cerebras.net

Rivermeadow raises funding for its multi-cloud migration solution

Rivermeadow Software, a start-up based in Los Gatos, California, announced a secondary investment from CloudScale Capital Partners.

RiverMeadow provides an integrated, end-to-end multi-cloud migration platform and services to reduce the time, cost and risk associated with moving physical, virtual and cloud-based workloads into and between public, private and hybrid clouds. The solution encompasses discovery, assessment, cloud migration, and optimization.

In addition, Matt Bross has joined  RiverMeadow’s Technical Advisory Board.

https://www.rivermeadow.com

Tuesday, August 13, 2019

Clumio raises $51 million for enterprise backup SaaS

Clumio, a start-up based in Santa Clara, California, announced $51 million in venture funding for its SaaS for enterprise backup.

Clumio's newly launched service helps enterprises eliminate hardware and software for on-premise backup and avoid the complexity and cost of running 3rd party backup software in the cloud. The solution protects on-premise, VMware Cloud for AWS, and native AWS service workloads.

Clumio was founded in 2017 by serial entrepreneur Poojan Kumar, co-founder and former CEO of PernixData (acquired by Nutanix, alongside Woon Ho Jung and Kaustubh Patil.

The $51 million in funding was received over two rounds: A Sutter Hill Ventures-led Series A round and a Series B round driven by Index Ventures with significant participation from Sutter Hill Ventures. Several individuals experienced at investing in disruptive technologies also participated including, Mark Leslie, founder of Veritas Technologies, and John Thompson, chairman of the board at Microsoft.

“Enterprise workloads are being ‘SaaS-ified’ because IT can no longer afford the time, complexity and expense of building and managing heavy on-prem hardware and software solutions if they are to successfully deliver against their digital transformation initiatives,” said Poojan Kumar, Clumio co-founder and CEO. “Unlike legacy backup vendors, Clumio SaaS is born in the cloud. We have and can leverage the most secure and innovative cloud services available, now and in the future, within our service to ensure that we can meet customer requirements for backup, regardless of where the data is.”

http://www.clumio.com

Sunday, August 11, 2019

DOCOMO invests in WSC Sports for AI-powered analytics

NTT DOCOMO Ventures has made an equity investment in W.S.C. Sports Technologies Ltd., a startup based in Israel that provides a platform capable of automatically creating sports video highlights in near real-time by utilizing AI and machine learning technologies to distribute to all sorts of digital media. Financial terms were not disclosed.
WSC Sports’ AI platform analyzes audio, video and data in a live broadcast and not only identifies each and every event that occurs in the game but also creates and distributes short-form videos by any parameter, such as players and scenes selected, to any digital destination.

In 2018, WSC Sports analyzed more than 17,000 sporting events and produced more than 850,000 videos.

Tuesday, July 30, 2019

Confluera raises $9m for cybersecurity

Confluera, a start-up based in Palo Alto, California, announced $9 million in Series A funding for its cybersecurity solutions.

Confluera aims to turn security analysts into cyber defenders by enabling them to stop breaches in real time. Confluera is Co-Founded by Abhijit Ghosh, Niloy Mukherjee, and Bipul Sinha. Ghosh has a background in networking, sec

The funding round was led by Lightspeed’s Founder & Managing Partner Ravi Mhatre with significant participation by John W. Thompson, former CEO of Symantec and Chairman of Microsoft; Frank Slootman, former CEO of ServiceNow; and Lane Bess, former CEO of Palo Alto Networks.

Confluera's founding team includes:

  • Abhijit Ghosh, Co-founder and CEO – Engineering Leader Juniper Networks, Azanda Networks, and Siemens;
  • Niloy Mukherjee, Co-founder and Chief Architect – Lead Architect Oracle In-Memory Database and LinkedIn Distributed Data Systems;
  • Bipul Sinha, Co-founder and Chairman – Co-Founder & CEO Rubrik, Founding investor/Board Member Nutanix, and engineering at Oracle.


https://www.confluera.com/


Tuesday, July 23, 2019

Arrcus scales out with Broadcom's Jericho2, raises $30m in Series B

Arrcus, a start-up that offers a hardware-agnostic network operating system for white boxes switches, announced multiple high-density 100GbE and 400GbE routing solutions for hyperscale cloud, edge, and 5G networks.

The company says its ArcOS software architecture has the foundational attributes to scale-out to an open aggregated routing solution, enabling operators to design, deploy, operationalize, and manage their infrastructure across multiple domains in the network.

"Our mission is to democratize the networking industry by providing best-in-class software, the most flexible consumption model, and the lowest total cost of ownership for our customers; we are now extending this by providing leading-edge open integration solutions for routing. ArcOS is the essential link to fully realize the unparalleled advancements in the 10Tbps Jericho2 SoC family and the resulting systems," Devesh Garg, co-founder and CEO of Arrcus.


The new ArcOS-based platforms, based on Broadcom’s 10Tbps, highly-flexible and programmable StrataDNX Jericho2 switch-router system-on-a-chip (SoC), include:

  • 24 ports of 100G + 6 ports of 400G
  • 40 ports of 100G
  • 80 ports of 100G
  • 96 ports of 100G

Key features enabled on these Jericho2-based platforms include:

  • Faster network speeds – up to 10 Tbps switching capacity, which delivers 5X the performance compared to previous generation of Jericho+
  • 4X increase in port density per chip compared to previous generation of Jericho+
  • Higher route table scale – up to 2.6M IPv4 routes (1.3M IPv6) on chip
  • Higher ACL scale of 96K with full IPv6 egress ACL support
  • Line-rate flow monitoring with sFlow® that enables real-time flow visibility at scale
  • Support for IPv4/IPv6/MPLS/Segment Routing forwarding
  • Open standards-based BGP Flowspec
  • Efficient, carrier-grade traffic management with scalable packet buffer memory
  • Visibility into HW resource utilization (ACLs, routes, etc.) to assist with traffic distribution
  • Selectable scale profiles with an ability to switch between profiles without a full system reboot
  • Arrcus is also announcing the availability of ArcIQTM, an AI-driven analytics platform for delivering real-time, transformational insights and telemetry at scale for a modern network operations center (NOC) solution.

In addition, Arrcus announced $30 million in Series B funding, bringing its total capital raised to date to $49 million.

The new funding was led by Lightspeed Venture Partners and included full participation from existing investors General Catalyst and Clear Ventures.

Arrcus, which is based in San Jose, California, was founded in 2016 by Broadcom and Cisco veterans, Devesh Garg, Keyur Patel, and Derek Yeung. Company advisors include:

  • Pankaj Patel, former EVP and CDO, Cisco
  • Amarjit Gill, serial entrepreneur who founded and sold companies to Apple, Broadcom, Cisco, EMC, Facebook, Google, and Intel
  • Kelly Ahuja, former SVP/GM, Service Provider Business, Cisco & presently CEO, Versa
  • Fred Baker, former Cisco Fellow, IETF Chair & Co-Chair, IPv6 Working Group
  • Farzad Nazem, former CTO, Yahoo
  • Rajiv Patel, ex-VP of Engineering, Juniper
  • Shawn Zandi, Director of Network Engineering, LinkedIn
  • Nancy Lee, CHRO of Lime, ex-VP of People, Google

http://www.arrcus.com

Broadcom's Jericho2 switch-routing chip boasts 10 Tbps capacity

Broadcom announced commercial availability of its Jericho2 and FE9600 chips, the next generation of its StrataDNX family of system-on-chip (SoC) Switch-Routers.

The Jericho2 silicon boasts 10 Terabits per second of Switch-Router performance and is designed for high-density, industry standard 400GbE, 200GbE, and 100GbE interfaces. Key features include the company's "Elastic Pipe" packet processing, along with large-scale buffering with integrated High Bandwidth Memory (HBM).

The new device is shipping within 24 months from its predecessor Jericho+., Jericho2 delivers 5X higher bandwidth at 70% lower power per gigabit.

In addition to Jericho2, Broadcom is shipping FE9600, the new fabric switch device with 192 links of the industry's best performing and longest-reach 50G PAM-4 SerDes. This device offers 9.6 Terabits per second fabric capacity, a delivers 50% reduction in power per gigabit compared to its predecessor FE3600.

“The Jericho franchise is the industry’s most innovative and scalable silicon used today in various Switch-Routers by leading carriers,” said Ram Velaga, Broadcom senior vice president and general manager, Switch Products. “I am thrilled with the 5X increase in performance Jericho2 was able to achieve over a single generation. Jericho2 will accelerate the transition of carrier-grade networks to merchant silicon-based systems with best-in-class cost/performance.”

Wednesday, July 10, 2019

Akash Systems raises $14.5 million for GaN-on-Diamond for sat comms

Akash Systems, a San Francisco-based startup focused on silicon for satellite communications, announced $14.5 million in Series A funding, including $10 million in new equity funds, and an additional $4.5 million converted from prior convertible notes.

Akash is currently manufacturing GaN-on-Diamond-based power amplifiers and radio modules for customers who make satellites requiring high frequency and high power efficiency. Its radio products are on track to hit the market in Q4 2019.

The company says it can achieve a dramatic reduction in the waste heat generated from the power amplifier by using GaN-on-Diamond technology, whereby the hottest part of a transistor is brought to within tens of nanometers of synthetic diamond – the most thermally conductive material developed to date.

Akash has designed its satellite transmit/receive radio modules to easily integrate with existing ground station and satellite infrastructure for satellite makers in all markets.

Investors in this round include Khosla Ventures, Founders Fund, ACME Capital, Sriram Krishnan, Correlation Ventures and others. Akash will deploy the new capital toward scaling its transmit/receive radio modules and power amplifier business, moving it closer to profitability.

“Akash Systems is playing a critical role in meeting the growing and vital need for improved satellite communications infrastructure,” said Delian Asparouhov of Founders Fund, which is focused on assisting entrepreneurs to build impactful new energy and technology companies. “We’re proud to be part of Akash’s journey as a critical enabler and accelerant in global communications.”

Monday, July 8, 2019

Mellanox invests in CNEX Labs and Pliops

Mellanox Capital, which is the investment arm of Mellanox Technologies, has made equity investments in storage start-ups CNEX Labs and Pliops, both of which are pushing software defined and intelligent storage to the next level of performance, efficiency, and scalability.

CNEX Labs, which targest high-performance storage semiconductors, has developed Denali/Open-Channel NVMe Flash storage controllers/

Pliops is transforming data center infrastructure with a new class of storage processors that deliver massive scalability and lower the cost of data services.

“Mellanox is committed to enabling customers to harness the power of distributed compute and disaggregated storage to improve the performance and efficiency of analytics and AI applications,” said Nimrod Gindi, senior vice president of mergers and acquisitions and head of investments, Mellanox Technologies. “Optimizing datacenter solutions requires faster, smarter storage connected with faster, smarter networks, and our investments in innovative storage leaders such as CNEX Labs and Pliops will accelerate the deployment of scale-out storage and data-intensive analytics solutions. Our strategic partnerships with these innovative storage mavericks are transforming the ways that customers can bring compute closer to storage to access and monetize the business value of data.”

With Mellanox, NVIDIA targets full compute/network/storage stack

NVIDIA agreed to acquire Mellanox in a deal valued at approximately $6.9 billion.

The merger targets data centers in general and the high-performance computing (HPC) market in particular. Together, NVIDIA’s computing platform and Mellanox’s interconnects power over 250 of the world’s TOP500 supercomputers and have as customers every major cloud service provider and computer maker. Mellanox pioneered the InfiniBand interconnect technology, which along with its high-speed Ethernet products is now used in over half of the world’s fastest supercomputers and in many leading hyperscale datacenters.

NVIDIA said the acquired assets enables it to data center-scale workloads across the entire computing, networking and storage stack to achieve higher performance, greater utilization and lower operating cost for customers.

“The emergence of AI and data science, as well as billions of simultaneous computer users, is fueling skyrocketing demand on the world’s datacenters,” said Jensen Huang, founder and CEO of NVIDIA. “Addressing this demand will require holistic architectures that connect vast numbers of fast computing nodes over intelligent networking fabrics to form a giant datacenter-scale compute engine.

“We share the same vision for accelerated computing as NVIDIA,” said Eyal Waldman, founder and CEO of Mellanox. “Combining our two companies comes as a natural extension of our longstanding partnership and is a great fit given our common performance-driven cultures. This combination will foster the creation of powerful technology and fantastic opportunities for our people.”

NVIDIA also promised to continue investing in Israel, where Mellanox is based.

The companies expect to close the deal by the end of 2019.

Monday, July 1, 2019

TrapX raises $18 million for cyber deception technology

TrapX Security, a start-up based in San Jose, California, closed an $18 million financing round for its cyber deception technology.

The funding round was led by Ibex Investors. Existing TrapX investors, such as BRM, Opus Capital, Intel Capital, Liberty Technology Venture Capital, and Strategic Cyber Ventures also participated in the round.

TrapX's deception technology has a unique approach to threat detection as a “right data” problem, rather than a “big data” problem allowing security teams to change the economics of cyber-attacks. The company was founded in 2012.

Last month, TrapX announced the release of the latest enhancements to the company’s DeceptionGrid platform, which allows its customers to launch a virtual army of artificial users to expose cyber attackers. The company has also formed a cyber-deception user community called DeceptionNet to share deception strategies, new types of traps (decoys), and third-party connectors to greatly enhance the effectiveness of deception.

http://www.trapx.com

Monday, June 24, 2019

Vectra raises $100m for its AI-driven cloud security

Vectra, a start-up based in San Jose, California, announced $100 million in new funding for its artificial intelligence (AI)-driven cloud security using network detection and response.

Vectra's Cognito platform promises 360-degree visibility into cloud, data center, user and internet-of-things (IoT) infrastructure. The company reports 104% growth in annual recurring revenue in 2018 compared to 2017. The company will continue to ramp up initiatives aimed at addressing the global deficit in cloud security, innovating on its existing platform and expanding its global customer base.

The new funding was led by TCV and included existing investors. This brings the company’s total funding to date to more than $200 million.

“The cloud has inherent security blind spots, making it imperative to eliminate cyber-risks as enterprises move their business to the cloud,” said Hitesh Sheth, president and chief executive officer at Vectra. “The Cognito platform enables them to stop hidden cyberattacks in the cloud. We look forward to partnering with TCV and our existing investors as we continue our rapid growth.”

Thursday, June 20, 2019

Druva raises additional $130 million for data-as-a-service

Druva, a start-up based in Sunnyvale, California, announced a further $130 million in new funding for its cloud data protection and management solutions.

Druva provides a data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence. Earlier this month, Druva announced the Druva Cloud Platform Tech Preview, which converges its Druva Phoenix and Druva inSync cloud solutions, and offers a unified view into services and data.

The new funding was led by Viking Global Investors and included participation from new investors including certain funds advised by Neuberger Berman and Atreides Management, as well as existing investors including Riverwood Capital, Tenaya Capital, and Nexus Venture Partners. This puts total capital raised by Druva at $328 million.

“The line between data and business is blurring. The data management market is forecasted to be worth $55 billion next year, yet the landscape is dominated by solutions that are 20 years old. Druva is disrupting the way enterprises protect and leverage their data with a modern, cloud-native SaaS platform,” said Jaspreet Singh, Founder and CEO, Druva. “Today’s funding will help Druva to power data protection for the cloud era, and accelerate our momentum to better serve the needs of enterprise customers.”

Tuesday, June 18, 2019

Hazelcast raises $21.5 million for in-memory computing

Hazelcast, a start-up based in Palo Alto, California, closed a $21.5 million funding round for its in-memory computing platform/

Hazelcast said launched its in-memory data grid (IMDG) product to directly address the inherent limitations of databases in use cases where microseconds count, including payment processing, microservices, fraud detection and many more. More recently, Hazelcast introduced two new products: Hazelcast Cloud, a managed service, and Hazelcast Jet, the industry’s fastest event stream processing engine. The company was founded in 2012.

The funding was led by new investor C5 Capital, a UK-based venture capital firm focused on cybersecurity, data analytics and cloud computing. Existing investors Bain Capital Ventures, Earlybird Venture Capital and Capital One Growth Ventures also participated in the round.

“From the cloud to the internet of things, the macro trends hitting today’s enterprises require a new approach to data processing for meeting the time-sensitive demands of data-centric applications,” said Kelly Herrell, CEO of Hazelcast. “Hazelcast enables its customers to establish a System of Now through its platform that scales linearly and delivers the industry’s fastest processing for stored and streaming data, leaving competitive offerings far behind as data sizes and processing loads grow.”

https://hazelcast.com

Wednesday, June 12, 2019

Privitar raises $40 million for data privacy software

Privitar, a start-up based in London, closed a $40 million Series B funding round for its data privacy software company.

Privitar will use the investment to accelerate the development of its privacy engineering products, providing a comprehensive set of capabilities that will enable its customers to publish and share valuable data-driven insights in an efficient, trustworthy, and compliant way. Its customers include some of the world’s best-known brands, such as HSBC, the UK’s National Health Service (NHS Digital) and BT.

Jason du Preez, Privitar's CEO said: “The world is increasingly aware of the importance of protecting private information and privacy engineering is becoming intrinsic to the way organizations manage and share data. This investment will enable us to scale rapidly in response to global demand and help our customers realise the enormous benefits of data-driven decision making, much faster and with less risk.”

The funding round was led by global venture capital firm Accel, with participation from existing investors Partech, Salesforce Ventures, 24Haymarket and IQ Capital.

http://www.privitar.com

Wednesday, May 8, 2019

Altiostar raises $114 million for its open vRAN

Altiostar, a start-up based in  Tewksbury, Mass., closed a $114 million Series C round of financing for its open virtualized RAN (open vRAN) technology.

Rakuten, which is preparing to launch a greenfield mobile network in Japan later this year, is coming on board as an investor. Rakuten is deploying the Altiostar solution in their mobile network and the companies are collaborating on the development of 5G solutions.

In early 2018, Qualcomm Ventures LLC and Tech Mahindra also participated in the C-round as investors. Qualcomm has entered into a development collaboration agreement with Altiostar. Tech Mahindra has signed a value-added-reseller/system integrator contract with Altiostar.

"A round of this magnitude, backed by global technology leaders like Rakuten, Qualcomm Ventures and Tech Mahindra, signifies the immense 5G opportunity we have in front of us as well as the progress we have made developing our virtualized RAN technology. Our unique open vRAN solution is designed to improve the quality of experience, enhance spectral efficiency and significantly reduce Total Cost of Ownership. With this funding, and these strategic partners, we're excited about our ability to deliver this breakthrough software defined solution to network operators globally as they prepare for the 5G future," said Ashraf M. Dahod, president and chief executive officer at Altiostar.

http://www.altiostar.com

  • 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.

Tuesday, May 7, 2019

Exabeam raises $75 Million for smarter SIEM

Exabeam, a start-up based in San Mateo, California, closed $75 million in Series E funding for its next-gen Security Information and Event Management (SIEM) solutions.

Exabeam claims that over the past year 76 percent of its replacement deals eliminated legacy vendors, including IBM, McAfee, RSA, LogRhythm, Micro Focus and Splunk. In addition, Exabeam has a 72 percent win rate in replacement deals against these incumbents. Technology and services giant NTT DATA is just one example of a global deployment where Exabeam displaced multiple legacy SIEMs and the company standardized on Exabeam going forward.

“Over the last year, we’ve seen our strategic value increase, and our average deal size has grown by 100 percent from just two years ago. This is because we’re listening to our customers and delivering the innovative technologies they need, including, most recently, the ability to detect threats in the cloud. With the win rates we’re seeing and market opportunity in replacement business, we’re raising money to accelerate our go-to-market and enhance our products to bring additional innovation to modern SOC environments,” said Nir Polak, Exabeam CEO.

The latest round was jointly led by new investor Sapphire Ventures and Lightspeed Venture Partners, with participation from other existing investors.

https://www.exabeam.com

Wednesday, May 1, 2019

Aryaka raises $50M Series F for Global Managed SD-WAN

Aryaka, a start-up based in San Mateo, California, closed a $50 million Series F round for expanding its global, managed SD-WAN solution.

The funding round was led by Goldman Sachs Private Capital Investing and joined by existing investors including Trinity Ventures, Mohr Davidow Ventures, Nexus Venture Partners, InterWest Partners, Presidio Ventures, Third Point Ventures and DTCP. This brings Aryaka’s total funding to $184 million.

“We’re constantly evaluating the market for high-growth companies that are leaders in their space. Our research shows that Aryaka offers a compelling solution for the SD-WAN market that continues to grow exponentially including increased adoption of SD-WAN managed services,” said Matthew Dorr, vice president at Goldman Sachs Private Capital Investing. “We decided to invest in Aryaka because of their highly differentiated offering, strong customer base, global footprint and their experienced management team.”

“We are pleased to receive this investment from Goldman Sachs. This new investment allows us to further accelerate our business momentum and endorses our growth strategy,” said Matt Carter, CEO of Aryaka. “We are extremely well positioned to help our customers drive WAN transformation and their multi-cloud and application performance initiatives; all while being delivered ‘as-a-service’.”

Aryaka cited accelerated business growth over the next 12 months, resulting in thousands of globally managed sites and significantly larger annual recurring revenue (ARR) streams. Aryaka has partnerships with the leading public cloud providers including AWS, Microsoft Azure, Google, Oracle and others. In addition, through partnerships with Palo Alto Networks, Symantec and Zscaler, Aryaka brings a full-fledged security solution to the edge. The company says it currently has more than 800 global customers, including JAS Worldwide, HMSHost International, Makino, Pilot Freight, Element Solutions, Allegis, and City & Guilds Group.

https://www.aryaka.com/

See also