Boston based Avesha (avesha.io), a provider of a transformative software platform that helps applications disaggregate seamlessly from cloud to the edge, has closed $6 million in seed round funding led by Taiwania Capital. Avesha emerges from stealth mode after being under incubation by serial entrepreneurs and industry veterans Cheng Wu and Raj Nair.
Enterprise & technology leaders are under pressure to respond to market needs and adopt edge computing to deliver on lower latency, better performance and rich user experience. Avesha’s technology platform addresses the needs of customers in gaming, medical and enterprise IT by enabling application workloads to be placed without boundaries over heterogeneous environments like hybrid & multi-cloud (AWS, Google Cloud Platform or Microsoft Azure) and the Edge (data center edge, or 5G MECs).
The startup, founded in 2019, is the next innovation from veterans Cheng Wu and Raj Nair. Their previous startups include Arrowpoint (sold to Cisco for $6 billion), and Azuki (sold to Ericsson). They are joined by Prasad Dorbala, former CloudOps leader at Veracode, as CPO and co-founder.
Unifying 5G, Cloud and Edge
Avesha’s Application Intent Mesh (AIM) platform would make the practice of application disaggregation seamless for developers while empowering applications to achieve key business outcomes.
“I am excited to team up with Raj & Prasad and be part of the action from the perspective of a VC,” said Cheng Wu, General Partner at Taiwania Capital. “Avesha’s technology is aligned with a big vision of being one platform to unify 5G, cloud and edge. In this age of digital transformation, Avesha has a remarkable role to play in helping enterprises manage the transition from cloud to edge by normalizing the underlying infrastructure through its Application Intent Mesh abstraction layer.”
Microservices and Kubernetes have galvanized application developers towards agile and innovative development, in part, due to Kubernetes’ ability to insulate the entire underlay networks and their complexity from developers. Networks have become just logical links between microservices.
However, as microservice clusters grow in size, complexity, and become increasingly distributed, what started as a novel innovation to separate networks from applications, have run into a number of roadblocks. Therein lies the promise of the Avesha Intent Mesh (AIM) technology.
Founded in 2017, Taiwania Capital is a venture capital firm based in Taipei, Taiwan and Santa Clara, California. The firm seeks to invest in companies operating in the enterprise software, autonomous systems, artificial intelligence, internet of things (IoT), information security, pharmaceutical product research and development, gene, biotechnology, and medical technology sectors.