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Kaloom Garners $10.7M in Funding

March 28, 2017





Kaloom Inc. has closed $10.7 million in a Series A funding round.

The round was led by the Fonds de solidarité FTQ. Somel Investments Inc., MBUZZ Investments Inc., Griffin Fund II, LP as well as other current investors, and the company’s officers also participated.

Based in Montréal and Silicon Valley, Kaloom has a solution called the Kaloom Flow Fabric. It allows virtual network functions to run at scale using commodity hardware and merchant silicon, resulting in lower costs, improved performance, and ultra-low latency.


Alain Denis, senior vice president of innovation at Fonds de solidarité FTQ, and Simon Williams, co-founder and CEO of Kaloom, said the Kaloom Flow Fabric ties in with the data center and networking trends of container-based virtualization, going hyperscale, implementing white box solutions, and open networking.

“The Kaloom solution is designed explicitly with this new wave fully in mind and will allow our customers to benefit from this shift and deliver unsurpassed performance, scale, and reliability in a way never before seen,” Williams said. “We are delighted to partner with our investors, including the Fonds de solidarité FTQ and Somel Investments as their vision and support enable us to begin our journey to transform the networking industry as we know it.”

Here is more information on a few of the trends Denis and Williams note.

Containers

Containers first became popular among platform-as-a-service providers, and Google (News - Alert) was the first to use containers at scale, Chris Crane, vice president of product at Sysdig, told me last year. Because containers are lightweight, he noted, Google was able to eliminate entire data centers due to the efficiencies they created.

Now enterprises, and communications and other tech companies, are getting interested in containers. However, Crane explained, what’s driving interest in containers in this case typically has to do with the fact that the portability of containers allows for continuous delivery and expedited time to market for DevOps efforts.

Hyperscale

According to Allied Market Research, the hyperscale data center market is expected to be worth $71.2 billion by 2022.

“Increasing adoption of hyperscale data centers owing to technological advancements, such as open compute projects and energy efficiency, has changed the business models for various end users,” said Allied Market Research. “Hyperscale data centers are utilized across various industries, namely IT and telecom, banking, financial services and insurance, government utilities, healthcare, energy, manufacturing, and others (retail, education). With rise in cloud computing, social media, big data, online gaming, and other online applications, there is a constant need for enhanced IT infrastructure that caters to the ever-increasing demand for resources; a factor that further supplements the demand for hyperscale data centers.”

Open Networking and White Box (News - Alert)

White box solutions are ones that can run on off-the-shelf hardware. That makes them more affordable and supports the idea of software-centric networking, which allows for more flexibility and aims to reduce vendor lock in. And all of that also ties in with the theme of open networking.




Edited by Alicia Young


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