Mavenir Raises $40M and Acquires Airwide Solutions

Mavenir Systems, a company providing high-end telecommunications gear, has raised $40 million and acquired Airwide Solutions, a company that provides messaging software. The funding will help Mavenir with the acquisition as well as expand as its operator customers deploy faster 4G networks.

The Hurdles for Moving Big Data ‘Round the World

Underlying all the useful applications, like Hadoop, that have emerged out of the big data ecosystem, there’s a fundamental assumption: The data that companies want will be able to be accessed when companies want and need it, explained Michelle Munson, CEO and co-founder of Aspera.

Okay, We Got More Money

Well, this is what happens when you break news about your competitors getting acquired by AOL. They get back at you by revealing that you raised additional venture dollars while you are fast asleep. We did receive a fresh $2.5 million injection from True Ventures and Alloy Ventures,

We Have Completed $4.5 Million in New Funding

From time to time, I have shared with you the steps we’re taking to build Giga Omni Media, the 27-month-old company behind this and the other publications that make up the GigaOM network. Today, I am thrilled to announce the start of our company’s next phase.

We have just raised $4.5 million, led by new investor Alloy Ventures, an early-stage venture capital firm with over $1 billion under management. True Ventures, our primary investors thus far, also participated in the round. The round was blessed by our angel investors, Rakesh Mathur, Venky Harinarayan and Anand Rajaraman as well. As part of the funding, Alloy Ventures general partner Ammar Hanafi will join the Giga Omni Media board.

We are going to use this new investment prudently, to enhance our technology platform and content offerings, add to our current portfolio of publications and expand our Events and Briefings businesses. We are in investing for the long-term — in ourselves.

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