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
COMMENT ON THIS STORY
Find Related Content

Locations:

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

Latest News: Central regions
14 Dec '18 | Transport, logistics | Finance, business
13 Dec '18 | Technology & innovation | Finance, business
12 Dec '18 | Technology & innovation | Real estate
 

Feature stories

2 Nov '18
Drawing upon in-depth interviews, the book channels...
27 Aug '18
7 Jun '18
Russian scientists have come up with a new method of...
Search (News archive - 21294)
Advertising
NATT
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

18 Dec '18
Analysts at RB Partners earlier this quarter issued...
17 Dec '18
Sberbank, Russia’s largest national savings bank, has...
14 Dec '18
InSize, a Russian company, has developed and is...

Most read stories from last week

17 Dec '18
Sberbank, Russia’s largest national savings bank, has...
18 Dec '18
Analysts at RB Partners earlier this quarter issued...