July 21, 2016

Kazan Networks announces $4.5 million closed in Series A funding

Company says that the over-subscribed round will enable it to grow and accelerate product plans.

Kazan Networks, a company that builds next generations networks, announced today that it has closed a $4.5 million Series A funding round led by Samsung Ventures, with participation from Intel Capital and Western Digital Corporation.

Joe Steinmetz, CEO of Kazan Networks said:

“Raising money these days is not trivial, yet we ended up with an over-subscribed round, which I think speaks to the strength of both the team and our product direction. This round sets us up nicely to continue to grow the team and execute our roadmap through 2016 and beyond.”

As the solid-state drives (SSDs) used in datacenter storage have move ahead in speed and capacity, Kazan says that cloud service providers need faster interfaces for moving data between the storage media and the network. The company claims to have developed a sub-1us latency solution of NVMe (Non-Volatile Memory Express) over Fabrics, as demonstrated at Intel Developer Forum in 2015, which connects high performance storage to racks of servers in the datacenter.

Kazan Networks claim that its Ethernet-based technology not only delivers lower latency than competing solutions, but is also the only solution to implement both varieties of RDMA acceleration over Ethernet. Simultaneous RoCE and iWARP support means customers need not worry about choosing one protocol over the other.

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