Central regions | Technology & innovation | Finance, business

Russian SDN/NFVs get backing from national telecom titan

9 Nov '18
Brain4Net, a Russian developer of solutions in the field of software defined networks (SDN/NFV), earlier this year raised $2.5m in a funding round from a consortium of domestic investors.

The consortium included Commit Capital, a VC fund 100% owned by Rostelecom, the national telecom operator, and another venture fund, Typhoon Digital Development. That funding round increased Rostelecom’s shareholding in B4N Group from 18.04% to 26.08%, raising the networks developer’s valuation to almost $18m.

In March 2016, Commit Capital supported the development of Brain4Net with an initial $1.5m.

“The investment raised will be used to extend our list of hardware supported by our software, including low-end devices and gadgets manufactured in Russia. On top of that, we will focus on the development of new services and their integration with third-party solutions. We expect the continuous extension of our product line and upgrades in functionality to enable us to turn the current pilot projects in Russia into full-fledged commercial ones, and use the experience we have gained for international market operations,” said Maksim Kaminsky, the co-founder and CEO of Brain4Net.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content


Tags: Rostelecom (63) / software defined networks (0) / Commit Capital (0) / Brain4Net (0) /

Latest News: Central regions
17 May '19 | Finance, business | Telecoms, media
16 May '19 | Technology & innovation | Finance, business
14 May '19 | Transport, logistics | Finance, business

Feature stories

4 Apr '19
Russian scientists have come up with what they say is...
29 Jan '19
Russian biologists and biophysicists have developed...
2 Nov '18
Drawing upon in-depth interviews, the book channels...
Search (News archive - 21349)
Independent Software Developers Forum
Marchmont News

Latest News

22 May '19
Russia teams up with a private equity firm from...
20 May '19
An intelligent cardiovascular diseases diagnostics...
17 May '19
MTS, one of Russia’s main mobile operators, has...

Most read stories from last week

20 May '19
An intelligent cardiovascular diseases diagnostics...
22 May '19
Russia teams up with a private equity firm from...