Posted by Clayton Schneider ● Dec 5, 2017 5:42:00 PM

Stateless Raises $1.4 Million to Make Network-as-a-Service a Reality

We are very happy to announce that we have just closed our seed-funding round of $1.4 million, opening new possibilities for the development of our network solutions. The round was led by European VC Speedinvest, with additional capital coming from EVO Venture Partners, Techstars, PV Ventures and Service Provider Capital, along with a collection of angels.

NaaS1

It’s been a long road up to this milestone.

Three years ago, the concept of stateless network functions was a subject of research at the University of Colorado, Boulder by our founders, Eric and Murad. It wasn’t until August of 2016 that the company was founded — with the mission of making even the most sophisticated and dynamic networks dead simple to manage.

2017 has been an achievement-filled year for Stateless. Last January, we were accepted to the Boulder Techstars program, through which we had the opportunity to create a minimum-viable-product, earning us a $225K Phase I SBIR grant. As we near the end of the year, the Stateless system has gone live, and you can request a demo here.

We are excited for the opportunities provided by this round of funding as we look to the year ahead. We will be using the funds to continue product development, as well as to foster customer relations. We are running proof of concept deployments, and we’ll be identifying further deployment opportunities throughout the year. This grants us feedback from real customers to improve our solutions. To see our latest updates, keep checking our blog.

We’d like to express our gratitude to all Stateless investors. Stick around, because this is just the beginning.

Topics: Fundraising, Startups, Insider

Comments