MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Midokura raises $20M from Series B round for Network Virtualization

Midokura raises $20M from Series B round for Network Virtualization

Midokura, the Network Virtualization Specialist, declared that it has raised $20 Million in the Series B round in partnership with Japanese financial tech company Simplex and prior investors like Innovation Network Corporation of Japan and the Allen Miner. Total funds raised with this round are around $44, Million.  It had raised around $ 17.3 million in 2013 and it was a 100% funding from Japanese sources. The company is headquartered in San Francisco but originated in Japan.  All the investors ventured in Midokura are from Japan and this is an advantage if the company needs to raise funds from another round.  Allen Miner (a board member and personal investor) says, “With Midokura, because 100 percent of the funding has come from Japanese sources, it’s fresh in the Silicon Valley.”

Allen Miner played an important role in the series B contribution and also had ventured previously in Midokura.  He has an optimistic view about the company because of the growing customer base for its services and for Midokura Enterprise MidoNet.  Due to the rapid increase of its customer base,  the application of MidoNet is done to larger networks measuring thousands of nodes.

The company which is moving ahead in network virtualization and software-defined networking has gained in some important deals.  It has attracted Dell as its reseller to increase the use cases. One of its partners is planning to take the lead to promote MidoNet as a bridge between Private Cloud and Amazon Web Services. Midokura has prioritized mainly on OpenSource/OpenStack. It provides both enterprise and open source service. As an important player in the networking ecosystem, the main focus of the company is on the container market especially the Kubernetes container management platform.  This will place it amongst many competitors.  However, it has the advantage of support to technologies like OpenStack, VMware and others.  The funds that Midokura has raised will be used most conservatively according to its management.

YOU MAY ALSO LIKE

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...

Countries in Asia-Pacific are marching towards ‘green recovery’ amidst Covid-19 crisis

2020 has been an unforgettable year for many of us. The ongoing Covid crisis has reminded people that it is very important to have an uninterrupted an...

Department of Telecommunication to announce the new schedule for 5G trials

Department of Telecommunications (DoT) is all set to announce the new schedule for 5G trials. The Dot made this decision after being pulled by the par...

RECOMMENDED