Bigleaf Scores $4.9M in Funding to Expand SD-WAN Sales Channels
Portland, Oregon-based software-defined wide area networking (SD-WAN) firm Bigleaf Networks closed on $4.9 million in funding led by Menlo Park-based GoAhead Ventures. Other investors include Oregon Angel Fund and Portland Seed Fund (which were original Bigleaf investors) and new investor Seattle Angel Fund.
Cumulus Raises $43M Series D to Fight Proprietary Network Stacks (Like Cisco)
Cumulus Networks closed a $43 million Series D funding round, bringing its total war chest to fight proprietary network stacks to $129 million. Telstra Ventures, the investment arm of the Australian telecommunications company, led the round. Telstra is also a Cumulus customer. “It’s the largest ISP in Australia and their engagement with Cumulus as a customer was critical to their decision to work with us on this financing,” Cumulus CEO Josh Leslie said.
Veeam Acquires N2WS to Deliver Industry-Leading Availability and Protection for AWS Cloud
Veeam® Software, the Availability for the Always-On Enterprise™ innovator, today announced that it has acquired N2WS, a leading provider of cloud-native Enterprise backup and disaster recovery for Amazon Web Services (AWS), in an all-cash deal worth $42.5M.
Anodot Raises $23M in Series B Funding
Anodot, a Ra’anana, Israel-based AI-powered analytics company, raised an additional $15m in Series B funding.
Security Startup Arctic Wolf Raises $49M for SOC Services
Arctic Wolf Networks, a security operations center (SOC) services startup, raised $16 million in Series C funding, bringing its total to $49.2 million raised.
Menlo Security Closes $40M Series C for its Isolation Platform
Menlo Security closed a $40 million Series C funding round with new investments from American Express Ventures, Ericsson Ventures, and HSBC.
Leonovus Closed $13,75 Million Bought Deal
Leonovus Inc. closed its previously announced bought deal short form prospectus offering, including the exercise of the underwriter’s over-allotment option.
In connection with the offering, the company issued 27,500,000 units of the company. The Units were sold at a price of $0.50 per unit for aggregate gross proceeds of $13,750,000. The offering was underwritten by a syndicate led by Clarus Securities Inc.
IIoT revenue to cross $1 trillion by 2027, projects Navigant Research
A new Navigant Research report has projected that the combined cumulative revenue for Industrial Internet of Things (IIoT) devices, software and services throughout the world will cross the $1 trillion mark by 2027.
Infinidat raises $95 million in its campaign to reinvent disk storage
You might think a storage company that’s placing big bets on spinning disks would be roadkill in the race to flash storage, but Infinidat Inc. has done a good job of defying conventional wisdom since it was founded six years ago.
Logz.io Raised $23 Million Series C
Logz.io, provider of AI-powered log analysis, raised $23 million in series C funding led by OpenView Venture Partners, with participation from investors 83North Ltd, Giza Venture Capital and new investor Vintage Investment Partners, bringing total capital raised to-date to $47 million.