Thursday, January 7, 2021

F5 to acquire Volterra for its open edge platform

 F5 Networks agreed to acquire Volterra, a start-up developing a universal edge-as-a-service platform, for approximately $440 million in cash and approximately $60 million in deferred consideration and assumed unvested incentive compensation to founders and employees. 

F5 said the addition of Volterra will give it an edge platform built for enterprises and service providers that will be security-first and app-driven with unlimited scale.

Volterra, which is based in Santa Clara, California, offers a distributed cloud service for deploying and managing applications at the edge. The cloud-native environment can be deployed across multiple public clouds and edge sites.


“Current edge solutions are simply inadequate for today’s enterprise customers. It’s time to break out of closed edge systems that only perpetuate the pain of building, running, and securing apps,” said François Locoh-Donou, President and CEO, F5. “With Volterra, we advance our Adaptive Applications vision with an Edge 2.0 platform that solves the complex multi-cloud reality enterprise customers confront. Our platform will create a SaaS solution that solves our customers’ biggest pain points. The success of F5’s software transformation has put us in a position to deliver on the potential of Edge 2.0 and redefine our competitive position.”

“I am excited to work closely alongside François and the F5 team to help pioneer the evolution of the edge to deliver more adaptive, dynamic application experiences for all of our customers,” said Ankur Singla, Founder and CEO, Volterra. “With our platform, we will extend F5’s application security leadership to the edge, thereby expanding our combined reach in the fastest growing segment of F5’s $28 billion 2023 total addressable market.”

In connection with the transaction, F5 raised its Horizon 2 (fiscal years 2021 and 2022) and long-term revenue outlook, and reiterated its Horizon 2 operating targets, including its commitment to achieving double-digit non-GAAP earnings per share growth. The company also reiterated its commitment to return $1 billion of capital over the next two years, including the initiation of a $500 million accelerated share repurchase in fiscal year 2021. 

In addition, F5 released a preview of its first quarter fiscal year 2021 financial results stating it expects GAAP and non-GAAP revenue in a range of $623 to $626 million, driven in part, by approximately 68% GAAP, and 70% non-GAAP, software revenue growth.

  • Volterra is headed by Ankur Singla, Founder & CEO, who previously was the founder and CEO of Contrail Systems, a pioneer in telco NFV and SDN technologies that was acquired by Juniper Networks in 2012. Prior to Contrail, Ankur was the CTO and VP Engineering at Aruba Networks, a global leader in wireless solutions. 

Volterra unveils distributed cloud platform for apps

Volterra​, a start-up based in Santa Clara, California, emerged from stealth to unveil its distributed cloud platform for deploying and managing applications. The SaaS-based offering integrates a broad range of services that have normally been siloed across many point products and network or cloud providers.

Volterra has raised over $50 million in funding to date from Khosla Ventures, Mayfield and M12 (Microsoft’s venture fund), as well as a growing set of strategic investors/partners including Itochu Technology Ventures and Samsung NEXT. Volterra said it now has 100+ engineers and 30+ global customers.

The cloud-native environment can be deployed across multiple public clouds and edge sites. Key capabilities include:

  • Fleet-wide management of distributed applications and data across heterogeneous infrastructure
  • Globally distributed control plane with Kubernetes APIs for application orchestration and multi-layer security for workloads and data
  • Comprehensive compute, storage, networking and security for distributed edge locations
  • Secure, high-performance global connectivity across edge sites, private clouds and multi-cloud
Key elements of the offering are:

  • VoltStack deploys and manages distributed applications across multiple clouds or edge sites using industry standard Kubernetes APIs
  • VoltMesh delivers high performance networking and zero-trust security between multiple clouds and edge sites
  • Volterra Console​ is a management console for deploying and operating distributed applications at a global scale with centralized control and observability
http://www.volterra.io​

Red Hat to acquire StackRox for Kubernetes-native security

Red Hat agreed to acquire StackRox, a start-up specializing in container and Kubernetes-native security. Financial terms were not disclosed.

Unlike first-generation container security platforms, which were often container-centric offerings, StackRox differentiates with a Kubernetes-native security platform. The StackRox software provides visibility across all Kubernetes clusters, by directly deploying components for enforcement and deep data collection into the Kubernetes cluster infrastructure, reducing the time and effort needed to implement security, and streamlining security analysis, investigation and remediation. The StackRox policy engine includes hundreds of built-in controls to enforce security best practices, industry standards such as CIS Benchmarks and NIST, and configuration management of both containers and Kubernetes, and runtime security.

StackRox’s Kubernetes-native security capabilities will be integrated into the Red Hat OpenShift enterprise Kubernetes platform. In addition to Red Hat OpenShift, StackRox will continue to support multiple Kubernetes platforms, including Amazon Elastic Kubernetes Service (EKS), Microsoft Azure Kubernetes Service (AKS), and Google Kubernetes Engine (GKE).


“Securing Kubernetes workloads and infrastructure cannot be done in a piecemeal manner; security must be an integrated part of every deployment, not an afterthought. Red Hat adds StackRox's Kubernetes-native capabilities to OpenShift's layered security approach, furthering our mission to bring product-ready open innovation to every organization across the open hybrid cloud across IT footprints,” stated Paul Cormier, president and CEO, Red Hat.

"We're thrilled to join forces with Red Hat, coupling the industry’s first Kubernetes-native security platform with the leading Kubernetes platform for hybrid cloud, multicloud, and edge deployments. This is a tremendous validation of our innovative approach to container and Kubernetes security. Red Hat is an ideal partner to accelerate our vision of enabling organizations to securely build, deploy and run their cloud-native applications anywhere,” said Kamal Shah, CEO, StackRox.

  • StackRox, which is based in Mountain View, California, was founded in 2014 by Ali Golshan and Wei Lien Dang. Golshan previous was the founder & CTO of Cyphort, which was acquired by Juniper Networks. Dang previously held senior product management roles for security and cloud infrastructure at Amazon Web Services, Splunk, and Bracket Computing. StackRox is headed by Kamal Shah (CEO), who previously was SVP of products and marketing at Skyhigh Networks, a leading Cloud Access Security Broker (CASB) acquired by McAfee in January 2018. 


Telecom Egypt signs cable capacity contract with Google

Telecom Egypt will provide Google with a layer 3, meshed connectivity solution on multiple cable systems crossing Egyptian territory. Financial terms were not disclosed.

Telecom Egypt said the mesh project will connect several cable landing stations in the Red Sea and the Mediterranean Sea. Rapid re-routing capabilities will add to the resiliency of Google's international traffic.

As part of the deal, Google will gain capacity on TE North, a new cable expected to enter service this year.

http://ircp.te.eg/IRMedia/Corporate_News/2021/Corporate_News015eb0e7-d5d1-4fa4-9392-00c9a37c2c02.pdf


Airgain acquires NimbeLink for cellular-based edge devices

Airgain, which specializes in advanced antenna technologies, has acquired privately-held NimbeLink Corp., a developer of cellular industrial Internet of Things solutions and services. 

Headquartered in Plymouth, MN, and founded in 2013, NimbeLink is a trusted partner for edge-based cellular connectivity Industrial IoT solutions. 

NimbeLink’s certified Skywire cellular modems enable original equipment manufacturers (OEMs) to  reduce their cellular development time. NimbeLink develops and markets complete edge-to-enterprise asset tracking solutions that are precisely configured to customers’ use cases and applications such as location tracking, inventory management, and resource optimization. Established in 2013, NimbeLink has sold more than 400,000 units over the last two years and its patented products have been deployed for thousands of end customers through multiple partner relationships. 

“We are proud to welcome NimbeLink to the Airgain team and look forward to strengthening our enterprise offering with proven edge-based cellular connectivity solutions for Industrial IoT and M2M applications,” said Jacob Suen, Airgain’s President and Chief Executive Officer. “NimbeLink is an excellent fit with our business and will play an important role in our overall growth strategy to broaden market diversification and extend the development of the AirgainConnect antenna-modem platform. The sum of the parts is truly greater than the individual pieces and together, we believe the combined company significantly advances our strategic mission to deliver higher levels of integrated wireless system solutions globally.”

Scott Schwalbe, NimbeLink’s Co-Founder and Chief Executive Officer, commented: “We are very excited about what the combined strength of Airgain and NimbeLink will bring to our cellular connectivity and asset tracking customers. Airgain’s high performance antenna technology complements NimbeLink’s portfolio of cellular technology and will provide our customers with the benefit of enhanced product performance and a broader reach into global markets. Together, we will build upon our core competencies and advance forward-thinking Industrial IoT development and design at the network edge.”

Based on preliminary, unaudited results, NimbeLink expects to report $12.5 million in revenue and $0.1 million in adjusted EBITDA for the fiscal year ended December 31, 2020.


ADVA posts Q4 revenue of EUR 140.6 million, record profitability

ADVA reported preliminary revenues for Q4 2020 of EUR 140.6 million and down by 7.0% from the year-ago quarter (Q4 2019: EUR 151.1 million). 

“The fourth quarter of 2020 was an extraordinary finish to an extraordinary year,” said Uli Dopfer, CFO, ADVA. “Just like the beginning of the year, when the first wave of the pandemic hit, we encountered supply chain bottlenecks in Q4 caused by renewed lockdown regulations. As a result, we could not fulfill all orders as planned and revenue recognition for some projects moved to Q1 2021. In addition, the continuing depreciation of the US dollar against the euro reduced the revenue contributions from the dollar-denominated regions. On the other hand, this exchange rate shift was beneficial for our margins. Thanks to an advantageous customer and product mix and continued tight cost management, we can report today one of the most profitable quarters in our company’s history.”


“We look back with pride on a challenging but also very successful fiscal year,” commented Brian Protiva, CEO, ADVA. “In times of chaos, economic turbulence and global uncertainty, we held course and exceeded some of our ambitious goals. The cost reduction measures we introduced in 2019 continue to deliver sustainable results. In the fourth quarter of 2020, our profitability was well above analyst expectations, our cash generation was outstanding, and our order entry was very good in all regions. We’re starting the new financial year with well-filled order books and a strong tailwind. We are confident about our ability to drive continued profitable growth in the first quarter of 2021.”

Additional preliminary results for Q4 2020

  • The preliminary pro forma operating income of EUR 14.4 million was up by 39.1% compared to Q4 2019 (Q4 2019: EUR 10.3 million)
  • The preliminary pro forma operating income margin of 10.2% increased by 3.4 percentage points compared to the year-ago quarter (Q4 2019: 6.8%)

Preliminary results for the fiscal year 2020

  • Preliminary revenues were EUR 565.0 million up by 1.5% compared to the previous year(2019: EUR 556.8 million)
  • The preliminary pro forma operating income of EUR 33.8 million was up by 36.4% compared to the previous year(2019: EUR 24.8 million)
  • The preliminary pro forma operating income margin of 6.0% increased by 1.5 percentage points compared to the previous year (2019: 4.5%)

Openreach turns to EXFO for Full Fibre monitoring

Openreach has awarded EXFO a contract to supply optical test heads and test access switching for its Full Fibre initiative. With its cloud-based Nova Fiber solution, EXFO will equip Openreach to assure its build, thereby accelerating the programme and avoiding costly return visits to fix connection problems—additional “truck rolls” more than double operators testing costs.1 Following installation, Openreach will be able to remotely monitor its fibre infrastructure supporting the in-life operations of its Full Fibre service.


This announcement comes as Openreach hit a record build rate for its Full Fibre broadband programme. Openreach engineers are now delivering faster, more reliable connectivity to another 40,000 homes and businesses every week, or the equivalent of a home every 15 seconds.

Peter Bell, Director, Network Technology, Openreach: “We know that now more than ever that being connected matters. We’re convinced that our new Full Fibre network can play a crucial role in keeping the nation connected. This year, our build has been gathering pace and momentum, and we’re determined to match that rapid speed of deployment with the highest standards of build quality build and customer service.

https://www.exfo.com/

WeLink raises $185M for 5G wireless mesh broadband service

WeLink, a new wireless broadband provider offering service in the Las Vegas metro area, announced a $185 million investment from Digital Alpha Advisors to expand to new markets across the United States. 

WeLink is building a network based on a neighborhood 5G mesh architecture designed for gigabit-class service.

WeLink is led by Kevin Ross, former co-founder of Vivint Wireless and Smartrove and Luke Langford, former co-founder of Vivint Wireless. 

https://welink.com/

Verizon expands 5G Home fixed wireless access


Verizon will begin offering its 5G Home Internet service in parts of Arlington, TX; Miami, FL; Anaheim, CA; San Francisco, CA and St. Louis, MO, and Phoenix, AZ. The service offers max download speeds of up to 1 Gbps, depending on location, with typical download speeds of 300 Mbps.

“We ended 2020 with 2,700 cities with Nationwide 5G service serving 230 million people, 61 cities with Ultra Wideband service, and 12 cities with access to our 5G Home service; and we’re not slowing down,” said Kyle Malady, Chief Technology Officer for Verizon. “We're rolling out new services to more customers continuing the digital transformation Verizon has been driving.”

https://www.verizon.com/coverage-map


Pivotal Commware intros 5G Smart Network Repeater

Pivotal Commware, a privately-held company based in Kirkland, Washington, introduced a 5G smart network repeater that redirects, extends and shapes service coverage outdoors

The new Pivot 5G repeater is one component of Pivotal Commware’s mmWave ecosystem based on its Holographic Beam Forming technology for mmWave. The entire ecosystem can be planned by WaveScape, a network modeling tool that provides network operators with precise placement of network elements, such as repeaters and 5G base stations, to optimize network connectivity for subscribers and to minimize total cost of ownership for the operator. 

The company also offers its Echo 5G smart indoor repeater, which floods mmWave indoors to provide subscribers with superior connectivity speeds. Finally, Pivotal’s cloud-native Intelligent Beam Management System (IBMS) uses machine learning to extract intelligent insights and optimize the network in real time.

“The Pivot 5G significantly closes the mmWave coverage gap by giving operators a new way to position coverage on specific clusters of subscribers, rather than a general geography,” said Brian Deutsch, CEO of Pivotal Commware. “Pivot is a key player in the mmWave ecosystem we designed to support our claim of ‘mmWave solved.’ We are helping to deliver on the promise of 5G by enabling operators to cost-effectively accelerate their mmWave network rollouts and deliver a superior 5G user experience with the gigabit speeds their customers expect.”

https://pivotalcommware.com/

Cisco adds John D. Harris II to its Board - former Raytheon exec


 Cisco announced the appointment of John D. Harris II to its board of directors.

“We are very pleased to welcome John to the Cisco Board,” said Chuck Robbins, chairman and CEO, Cisco. “John is known for his strong leadership and results-oriented approach. His depth of experience operating a global business at scale, and commitment to excellence will positively impact Cisco’s strategy and enhance our trusted relationships with customers as they increase their digital agility.”

Harris previously served as vice president of Business Development for Raytheon Company and chief executive officer of Raytheon International. 


L-com intros passive CWDM Mux/Demux products

L-com introduced a new series of passive, coarse wave division multiplexing (CWDM) cassettes and barrel filters to address the multiplexing and de-multiplexing of optical signals over fiber.

The new passive CWDM product line consists of 4, 8 and 16 channel mux/demux cassettes as well as barrel filters which add a single channel to a composite signal or remove a single channel from a composite signal.

The PCW1-series cassettes are designed for inside plant (ISP) use and feature either 4 or 8 channels, LC connectors with a UPC polish and 20nm channel spacing. Additionally, a 19" 1U rack-mount unit with 16 channels is available with a monitor port option.

The PCWXX-series cassettes consist of 4 and 8 channel mux and demux units that are designed for outside plant (OSP) applications. For higher fiber count applications, 16 channel mux and demux units are available. The products in the PCWXX-series feature 1-meter 900um fiber leads and 20nm channel spacing.

Lastly, the PCW5A-series are single-channel, barrel-style units that feature 20nm channel spacing, 2-meter, 250um colored bare fibers and pass fiber for unused CWDM channels. These units are designed for outside plant (OSP) applications and feature an operating temperature range of -40°C to +85°C.

"Our new passive CWDM products address a wide range of applications that call for the aggregation and separation of fiber channels found in telecommunications, R&D, test lab, research and mil/aero installations. By offering these CWDM mux/demux units as in-stock items, we are able to meet our customers urgent requirements," said Paul Hospodar, Product Line Manager.

Wednesday, January 6, 2021

Intel intros facial authentication solution

Intel introduced an on-device, facial authentication solution that combines an active depth sensor with a specialized neural network. The technology could be used for smart locks, access control, point-of-sale, ATMs, kiosks, etc.

Intel said its RealSense ID technology integrates anti-spoofing features and can adapt to users over time as they change physical features, such as facial hair and glasses. 

"Intel RealSense ID combines purpose-built hardware and software with a dedicated neural network designed to deliver a secure facial authentication platform that users can trust," said Sagi Ben Moshe, Intel corporate vice president and general manager of Emerging Growth and Incubation.

https://newsroom.intel.com/news/introducing-intel-realsense-id-facial-authentication

T-Mobile US cites progress with 5G rollout

T-Mobile US reported its highest postpaid net additions in company history at 5.5 million for the full-year 2020. 

“Our focus on bringing unmatched value and experience to customers while building and delivering the nation’s best 5G network paid off with record-breaking results in 2020 (5.5 million new postpaid customers!) – and we continue to be the growth leader in wireless,” said Mike Sievert, T-Mobile CEO. “Our 5G leadership position is getting stronger every day. We set some huge goals in 2020 that some thought were impossible, but we smashed them. Today, T-Mobile’s high speed Ultra Capacity 5G covers over 50 times more people than Verizon and it’s growing. We continue to demonstrate that we are way ahead of the competition on 5G and poised to become the country's overall network leader. The network performance we’re delivering right here, right now, is setting the stage for what’s next. This is what leadership looks like!”

Preliminary Fourth Quarter and Full-Year 2020 Customer Results

  • Total net customer additions were 1.7 million in Q4 2020 and 5.6 million for the full-year 2020, the highest annual number in four years. The total customer count increased to a record-high of 102.1 million.
  • Postpaid net customer additions were 1.6 million in Q4 2020 and 5.5 million for the full-year 2020, the highest annual number in company history.
  • Postpaid phone net customer additions were 824,000 in Q4 2020 and 2.2 million for the full-year 2020. Postpaid phone churn was 1.03% in Q4 2020 and 0.90% for the full-year 2020.
  • Postpaid other net customer additions were 794,000 in Q4 2020 and 3.3 million for the full-year 2020, the highest annual number in company history.
  • Prepaid net customer additions were 84,000 in Q4 2020 and 145,000 for the full-year 2020. Prepaid churn was 2.92% in Q4 2020 and 3.03% for the full-year 2020.

T-Mobile provided the following 5G network update: the 5G footprint now reaches 280 million people and covers 106 million people with mid-band (2.5 GHz) and millimeter wave spectrum. The 106 million surpassed the company’s aggressive goal to cover 100 million Americans by the end of 2020 and compared to an estimated 2 million people covered by Verizon’s Ultra Wideband 5G, showcasing T-Mobile’s dramatic lead in the 5G race.

Fiber Broadband Association elects 2021 Board of Directors

The Fiber Broadband Association (FBA) announced its 2021 Board of Directors:

  • Chair: Katie Espeseth, Vice President of New Products, EPB
  • Vice Chair: Kevin Morgan, Chief Marketing Officer, Clearfield
  • Secretary: Gregg Logan, Vice President of Engineering, C Spire
  • Treasurer: Joe Jensen, Director, Americas Market Development, Corning
  • Joseph “JJ” Jones, Executive Vice President, On Trac, Inc.
  • Teles Fremin, Chief Communications Engineer, LUS
  • Joanne Hovis, President, CTC Technology & Energy
  • Mark Boxer, Technical Manager – Solutions and Applications Engineering, OFS
  • Craig Stein, Vice President of Americas and Head of Global Business Development, ADTRAN

“2020 created many new challenges for everyone, but it also created enormous opportunities for broadband. Our Board of Directors plays a critical role in guiding our industry to address the rapidly evolving needs for fiber broadband connectivity—whether it be for remote work, education, or healthcare,” said Gary Bolton, President and CEO of FBA. “FBA is fortunate to welcome our 2021 Board of Directors and have Katie’s leadership for a second term. Each Board member brings extensive and unique experience to our organization that we’ll leverage to identify the right path to speed the deployment of fiber-based networks in every corner of the Americas for a true broadband experience.”

http://fiberbroadband.org

Zain to deploy 60,000 Nokia 5G FWA gateways across Saudi Arabia

 Zain KSA will deploy 60,000 of Nokia's FastMile 5G Gateways across Saudi Arabia over the next 12 months. The 5G fixed wireless access gateways incorporate eSIMS (embedded SIM), aligning with Zain KSA’s digital transformation strategy to enhance the customer experience

FastMile 5G gateways connect homes and businesses with fixed 5G technology and offer support Wi-Fi 6.                

Nokia FastMile 5G gateways take advantage of the company’s self-optimizing mesh Wi-Fi 6 solution for real time Wi-Fi performance optimization. The gateways ensure a much quicker and easier account setup by using the latest eSIM technology that allows users to avoid the process of acquiring and installing a physical SIM card. This deployment is the first time eSIM has been used in a 5G fixed wireless access solution.                                  

Eng. AbdulRahman bin Hamad AlMufadda, Chief Technology Officer at Zain KSA, said: “Rolling out our new 5G fixed wireless access routers comes in line with our digital transformation and 5G expansion strategy reiterating our role in serving the Kingdom’s society. Our mission from the start was to strengthen the 5G experience in the Kingdom into two levels: horizontally, concerned with spreading the 5G network across the largest possible geographical scale. Vertically, through 5G fixed wireless access solutions to enable homes and offices with the best and most reliable broadband experience available. In alignment with Saudi Vision 2030 we will continue to invest further to enable the digital sector and the national digital transformation namely through: cloud computing, IoT, and AI; while simultaneously aiming to become the digital service provider of choice in the Kingdom.”

Sandra Motley, President of Fixed Networks Division at Nokia, said: “We are happy to support Zain KSA connect more people, and revolutionize the way people live and work in the Kingdom. Zain KSA is joining the leading operators around the world, in providing the 5G fixed wireless access to deliver a gigabit experience to consumers and businesses alike. The combination of FastMile 5G Gateways and self-optimizing mesh Wi-Fi 6 technology means that Zain KSA is delivering a new and unmatched 5G experience to everyone, at every corner in homes and offices.”

NYSE reverses its reversal and will delist Chinese operators

The New York Stock Exchange reversed its earlier reversal and once again now intends to begin delisting procedures for China Telecom Corporation Limited, China Telecom Corporation Limited, China Telecom Corporation Limited. 

In late December, the NYSE announced the delisting plans in order to be  in compliance with President Trump's Executive Order 13959, which was issued on November 12,2020 and which targets Chinese companies with ties to the PRC's military and which are seeking investments through public listings on U.S. financial exchanges.

On January 4th, the NYSE reversed its decision saying it no longer would proceed with the delisting of the three Chinese telecom operators.



Infinite Electronics acquires NavePoint

Infinite Electronics, a leading global supplier of electronic components, has acquired NavePoint, an online provider of networking equipment and services.

Founded in 2008, NavePoint is based in Libertyville, Illinois and employs approximately 25 team members.

NavePoint will continue to operate as an independent brand within the overall Infinite family of brands. The company’s president, Evan Schoenberg, will join the Infinite leadership team and will continue to lead NavePoint’s day-to-day operations.

“We are very excited to welcome NavePoint and the team to Infinite Electronics and our portfolio of high-performing brands. The addition of NavePoint is a nice compliment to our existing networking product offering and provides a unique opportunity to expand our technical reach to data center customers, corporate office buildings and other industries.  NavePoint products expand Infinite’s current portfolio in high-quality racks and cabinets, rack shelving, accessories and more. As we integrate the brand and the team we see great opportunities ahead while we remain focused on delivering outstanding service and support to the customers we collectively serve,” said Penny Cotner, President and Chief Executive Officer of Infinite Electronics.

http://www.infiniteelectronics.com 

Dremio raises $135 million for data lake service

Dremio, a start-up based in Santa Clara, California, raised $135 million in Series D funding for its data lake service.

Dremio eliminates the need to copy and move data to proprietary data warehouses or create cubes, aggregation tables and BI extracts. 

“There is a challenging story before the story when it comes to data warehouses, and that is the process of copying, moving and synchronizing data,” said Billy Bosworth, CEO of Dremio. “Dremio’s technology fundamentally simplifies workflows, allowing analytics directly on your full data set, stored in industry-standard open formats, residing in native cloud storage. We are pleased to have Sapphire Ventures on the investor team to help make that possible.”

The new fundraising round is led by Sapphire Ventures with participation from existing Dremio investors: Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures, and Cisco Investments. The investment will help Dremio expand its engineering centers of excellence around the globe, grow its customer-facing organization, contribute to open-source initiatives, and invest heavily in educating and enabling a growing community of data lake practitioners. The new fundraising occurred just nine months after a $70 million round led by Insight Partners in March 2020.

http://www.dremio.com

Tuesday, January 5, 2021

Bidding on 3.7 GHz spectrum tops $78 billion

The FCC's ongoing auction of spectrum in the 3.7–3.98 GHz band has topped $78 billion - the highest-grossing spectrum auction in American history.

Auction 107 offers flexible‐use overlay licenses for spectrum in the 3.7–3.98 GHz band (3.7 GHz Service) throughout the contiguous United States, subject to clearing requirements. A total of 57 applicants were cleared to participate in the auction. Bidding commenced on December 8.

https://auctiondata.fcc.gov/public/projects/auction107

U.S. establishes $3.2 billion Emergency Broadband Connectivity fund


The FCC will implement an Emergency Broadband Connectivity Fund of $3.2 billion. Eligible households may receive a discount off the cost of broadband service and certain connected devices during an emergency period relating to the COVID-19 pandemic. Participating providers will receive a reimbursement from the Emergency Broadband Benefit Program for the discounts provided. 

Participating providers will make available to eligible households a monthly discount off the standard rate for an Internet service offering and associated equipment, up to $50.00 per month. On Tribal lands, the monthly discount may be up to $75.00 per month.


The FCC is now seeking public comments before establishing the rules for this program.

https://www.fcc.gov/document/fcc-releases-2020-communications-marketplace-report