From time to time the HostingJournalist.com editorial staff publishes a special selection of editorial pieces on a certain topic or trend. The HostingJournalist.com editor’s picks are being marked as #HJPICKS on our social media channels. This week our editors provide you with a Top-8 list of the most interesting news items on FUNDING ROUNDS within the global cloud, hosting and data center market.
EfficientIP Closes $11 Million Series B Funding Round
December 2019 – Network automation and security company, EfficientIP, has received an $11 million Series B investment from Jolt Capital to support its continued international growth. The investment would drive international expansion and deepen service offerings in response to increased global DDI (DNS, DHCP, and IP Address Management) demand. Read further.
“Today’s investment will enable us to accelerate our expansion on a global scale,” said David Williamson, CEO of EfficientIP.
Cyberhaven Closes $13M Funding Round, Unveils Data Behavior Analytics Solution
December 2019 – Data behavior analytics company Cyberhaven has announced the close of a $13 million Series A funding round and the launch of its Data Behavior Analytics (DaBA) solution. Cyberhaven would provide complete visibility into the behavior and movement of corporate trade secrets such as Intellectual Property (IP) and client data, across cloud and on-premise environments. Read further.
“Its Data Tracing technology is an important innovation that dramatically improves an organization’s ability to contain breaches and data loss,” said Jeff Rothschild, Veritas’ co-founder and Facebook’s former VP of infrastructure engineering.
NUVIA Closes $53M Funding Round to Invent New Silicon Design for Data Centers
November 2019 – Silicon design company NUVIA has announced the close of its Series A funding round raising $53 million.
The funding round was co-led by prominent Silicon Valley investors Capricorn Investment Group, Dell Technologies Capital, Mayfield and WRVI Capital, with additional participation from Nepenthe. Read further.
“New semiconductors are required for a cloud-native, data-dominated, AI-powered IoT world,” said Navin Chaddha, Managing Director of Mayfield.
After Raising $147M in Funding, Acronis Now Values Its Assets at $1bn
September 2019 – Last week, backup and cybersecurity solutions vendor Acronis announced a $147 million investment round led by Goldman Sachs. The first investment round since being founded in 2003. The company claims its valuation to be over one billion dollars now, which makes it a tech unicorn. Read further.
The investment round led by Goldman Sachs will help us to fast-track the product development through acquisitions of companies and additional resources, while accelerating growth,” said Serguei Beloussov, Founder and CEO of Acronis (also co-founder of Parallels and investment firm Runa Capital).
Abu Dhabi-based Investment Firm Invests Up to $500M in Cologix
September 2019 – Cologix, a North American data center company with data centers located in Ashburn, Columbus, Dallas, Jacksonville, Lakeland, Minneapolis, Montreal, New Jersey, Toronto and Vancouver, has secured $500 Million of additional ‘growth capital’ investment from Abu Dhabi-based global investment firm, Mubadala. Read further.
“By partnering with Mubadala, we have additional growth capital that will enable us to get to the next level, building on an existing foundation of great clients, innovative technology and strong leadership,” said Bill Fathers, Chairman and Chief Executive Officer (CEO).
Startup Tibit Completes $25 Million Series B Funding Led by Intel Capital
August 2019 – Tibit Communications, a Petaluma, CA based startup developing “next-generation” access devices for Passive Optical Networking (PON), has announced the completion of a Series B funding led by Intel Capital. The new funding round includes two new investors – Swisscom Ventures and AJU IB Investment. Read further.
“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.
Explainable AI Provider Kyndi Secures $20M in Funding to Expand Its Engineering and Sales Teams
July 2019 – Kyndi, an artificial intelligence company building an ‘Explainable AI’ platform for government, financial services and life sciences, raised $20 million in Series B funding led by Intel Capital, with participation from UL Ventures, PivotNorth Capital, and existing investors. Read further.
“As AI becomes an increasingly integral part of how organizations operate and make decisions, there is a growing realization that they can no longer rely on ‘black box’ solutions that lack the rationale behind how recommendations were determined,” said Ryan Welsh, Founder and CEO of Kyndi.
Connected2Fiber Secures $5.3M in New Funding to Accelerate Further Growth
July 2019 – Connected2Fiber, a SaaS platform provider automating many of the manual sales and marketing processes found within the businesses of network operators and managed service providers (MSPs), has closed a $5.3 million round of funding from Ascent Venture Partners, Osage Venture Partners, Nauta Capital, and NXT Ventures. Connected2Fiber plans to use this latest funding to accelerate growth through further investment in product development and go-to-market activities. Read further.
“There’s tremendous opportunity in the market for Connected2Fiber to serve as the system of intelligence regarding location and network serviceability,” said Ben Edmond, Founder & CEO of Connected2Fiber.