Welcome!

Containers Expo Blog Authors: Stefan Bernbo, Pat Romanski, Moshe Kranc, Elizabeth White, Derek Weeks

Related Topics: Containers Expo Blog, @CloudExpo

Containers Expo Blog: News Item

Astute Networks Closes $12 Million Series B Financing

Strong Syndicate of Venture Capital and Corporate Investors Back Astute

Astute Networks, Inc., a provider of Networked Performance Flash solutions for accelerating virtualized server, desktop, and cloud computing environments, has announced that it has closed financing in an over-subscribed $12 Million Series B funding round led by Samsung Venture Investment Corporation (SVIC), the investment arm of Samsung Group, the world’s leading provider of NAND Flash memory. Current investors Tallwood Venture Capital and Narra Venture Capital also contributed to the round, with participation from new investors Ayala Capital, ICCP Venture Partners, and TIFF (The Investment Fund for Foundations). Astute will utilize the funding to further expand global sales, marketing, channel development, and support efforts, as well as ongoing innovation of its patented DataPump Engine, Networked Performance FlashTM, and related technologies exclusively found in the company’s ViSX family of 100 percent flash optimized appliances.

According to IDC, 2011 was a record year for the worldwide Solid State Disc (SSD) market that grew 105 percent over 2010 to $5 billion. The firm forecasts strong growth through 2015 with the increasing use of SSDs, a trend the research company expects to continue as prices fall and performance increases. Led by storage networking veteran and CEO Steve Topper, Astute Networks is well positioned to capitalize on the burgeoning SSD market.  The company has all the ingredients for success including a white-hot market opportunity, a next-generation Flash architecture that leap-frogs traditional SSD offerings, and a strong customer and channel ecosystem unmatched in the industry.

Astute Networks Breaks the Performance Barrier with a New Era of Performance Acceleration Flash Solutions

Astute Networks’ patented DataPump Engine and Networked Performance Flash architecture was designed from day one to deliver tightly fused, high performance, low power solutions that significantly accelerate virtual machine and application performance on major virtualization platforms including VMware vSphere, Microsoft Hyper-V, Citrix XenServer, and Red Hat RHEV. By complementing existing SAN or NAS infrastructures, with a seamlessly additive highly optimized flash-based datastore tier, ViSX satisfies the performance requirements demanded by today’s mission and business critical applications such as virtual desktop infrastructure (VDI), cloud computing, and Big Data. Network-based, ViSX efficiently provisions 100,000 IOPS (Input/Output Operations Per Second) with 100 percent sustained random I/O performance, that is shareable by all virtual machines on all hosts over standard 10G or 1G Ethernet networks - all in a cost effective, small footprint, multi-terabyte, and easy-to-deploy rack mount device.  With ViSX, virtualized organizations can:

Eliminate I/O bottlenecks - the “funnel effect” - typically experienced with server virtualization

Eliminate the cost of over-provisioning traditional storage to achieve higher IOPS

Virtualize more Tier One applications with confidence in sustained performance

Lower CapEx and OpEx and achieve fast ROI with superior TCO

“The flash memory and virtualization expertise of the Astute Networks team, together with a deep understanding of storage and networking as evidenced by their patented DataPump Engine, puts them in an excellent position to deliver highly differentiated and competitive solutions for virtualized environments,” said Dr. Dong-Su Kim, senior director, Samsung Venture Investment Corp. “Samsung Ventures is excited to lead this latest round of funding for the company.”

“We recognize the strategic importance of virtualization and storage in the enterprise and cloud, as well as new growth opportunities in big data and the need for predictable performance with capacity and scalability. Astute Networks’ patented technology is highly effective and we believe the company will continue to disrupt the market,” said George Pavlov, general partner, Tallwood Venture Capital.

Since introducing ViSX, Astute Networks has won several awards and recognition, including the 2011 Flash Memory Summit Best of Show Award for Most Innovative Flash Memory Customer Implementation and a Forbes.com article titled VMware Stock Ready to Race to $111 highlighting the ability of ViSX to alleviate virtualization performance problems and further drive the adoption of VMware virtualization services (http://www.forbes.com/sites/greatspeculations/2011/08/23/vmware-stock-re...).

“Our first ViSX G3 deployment gave us a 1,500 percent boost in performance on critical business applications compared to our existing virtualized SAN,” commented Walt Thinfen, CIO of Visioneer. “Now, company productivity and efficiency are way up and our employees can more quickly access business-critical databases and applications such as SAP, Microsoft Exchange, and Microsoft SharePoint like never before!”

“Samsung Ventures leading this round of funding is a most welcome endorsement of our patented DataPump Engine and Networked Performance Flash intellectual property,” said Steve Topper, CEO of Astute Networks. “It puts the fuel in the engine, enabling us to fully support our growing family of channel partners and end customers, extend our technical capabilities and aggressively expand our market reach and footprint worldwide.”

More Stories By Derek Kol

Derek Kol is a technology specialist focused on SMB and enterprise IT innovations.

@ThingsExpo Stories
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
SYS-CON Events announced today that Datanami has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datanami is a communication channel dedicated to providing insight, analysis and up-to-the-minute information about emerging trends and solutions in Big Data. The publication sheds light on all cutting-edge technologies including networking, storage and applications, and the...
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
SYS-CON Events announced today that EnterpriseTech has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. EnterpriseTech is a professional resource for news and intelligence covering the migration of high-end technologies into the enterprise and business-IT industry, with a special focus on high-tech solutions in new product development, workload management, increased effi...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organi...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
SYS-CON Events announced today that TMC has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo and Big Data at Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. Learn how we can help you reach your marketing goals.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"MobiDev is a Ukraine-based software development company. We do mobile development, and we're specialists in that. But we do full stack software development for entrepreneurs, for emerging companies, and for enterprise ventures," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...