Welcome!

News Feed Item

Affirmed Networks™ Raises $51 Million in Series C Funding

Affirmed Networks™, a technology leader modernizing how mobile networks are architected, deployed, and monetized, announced it has raised $51M in a Series C round of funding led by Bessemer Venture Partners and joined by KCK Group. Affirmed Networks’ current investors also participated in this round, which includes top tier venture capital and strategic investors. The funding was spurred by substantial operator demand for the company’s market-leading network function virtualization solutions, including the Affirmed Mobile Content Cloud™. It strongly positions the company to support multiple deployments and numerous trials throughout the world while expanding its carrier-grade virtualization solutions.

Today’s mobile Internet experience is much richer than ever before. As users consume more streaming video content, transact commerce, and engage with each other through social media, mobile networks require a major overhaul to maximize their revenue potential. Affirmed Networks’ solutions transform mobile networks from a legacy access architecture to intelligent, virtualized networks, dramatically shifting the operators’ economics and enabling them to deliver compelling new services that their customers demand at Internet speeds.

“The mobile explosion has led to unprecedented growth in data use, creating a serious issue for operators around the globe that are forced to deal with this data crunch overwhelming their cellular networks. Affirmed Networks alleviates the network stress by providing vital solutions for the biggest challenges these operators face when deploying today’s mobile networks: network function virtualization and service orchestration,” said Bob Goodman, partner at Bessemer Venture Partners. “These are problems every operator faces and – in my opinion – every operator could benefit from working with Affirmed Networks.”

Mr. Goodman will join the Affirmed Networks’ board of directors, which already includes Tim Barrows of Matrix Partners, Jon Auerbach of Charles River Ventures, and Hassan Ahmed, Chairman and CEO of Affirmed Networks.

“Our mobile lives bring about an unprecedented disruption for operators in which networks and business models will undergo major overhaul,” stated Dr. Ahmed. “The Affirmed team is creating solutions to transform the wireless world and enable operators to capitalize on this expanding opportunity. We are grateful to our investors for their deep commitment to our mission as we achieve increased market adoption of our solutions.”

Affirmed Networks’ generally available solutions – the Affirmed Mobile Content Cloud, AN3000®, and Acuitas Service Management System™ – are poised to significantly transform and advance the state of mobile data networks with value-added services, high performance, excellent scalability, high resiliency, and content-delivery capabilities that far surpass incumbent vendor solutions.

“Leveraging the capabilities of its unique service orchestration technology, the Affirmed Mobile Content Cloud and the AN3000 unveil new avenues for service creation and monetization for mobile operators. By offering scope for highly personalized services the per-user experience offered by Affirmed Networks significantly enhances customer retention possibilities for the mobile operator,” said Frost & Sullivan Sr. Research Analyst Swapnadeep Nayak.

Affirmed Networks was founded in April 2010 with the purpose of bringing intelligence and innovation to mobile networks. In three years, the company has created a global workforce with employees located in the U.S., U.K., Canada, Germany, Switzerland, Netherlands, France, Slovenia, Dubai, Japan, and South Korea.

About Affirmed Networks, Inc.

Affirmed Networks™ is transforming and advancing intelligence in mobile data networks. The company’s solution bundles gateway functionality with rich application and content delivery services into an industry-leading, virtualized solution. For more information, please visit: www.affirmednetworks.com

About Bessemer Venture Partners

With $4 billion under active management, Bessemer Venture Partners (BVP) is a global venture capital firm with offices in Silicon Valley, Cambridge, Mass., New York, Mumbai, Bangalore and Herzliya, Israel. BVP delivers a broad platform in venture capital spanning industries, geographies, and stages of company growth. From Staples to Skype, VeriSign to Yelp, LinkedIn to Pinterest, BVP has helped incubate and support companies that have anchored significant shifts in the economy. More than 100 BVP-funded companies have gone public on exchanges in North America, Europe, and Asia. See www.bvp.com or follow BVP on Twitter @bessemervp.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Regardless of what business you’re in, it’s increasingly a software-driven business. Consumers’ rising expectations for connected digital and physical experiences are driving what some are calling the "Customer Experience Challenge.” In his session at @DevOpsSummit at 20th Cloud Expo, Marco Morales, Director of Global Solutions at CollabNet, will discuss how organizations are increasingly adopting a discipline of Value Stream Mapping to ensure that the software they are producing is poised to ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 20th Cloud Expo, Tom Eck, Industry Platforms CTO at IBM Cloud, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing developer...
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, ...
In order to meet the rapidly changing demands of today’s customers, companies are continually forced to redefine their business strategies in order to meet these needs, stay relevant and continue to see profitable growth. IoT deployment and development is integral in this transformation, and today businesses are increasingly seeing the value of investing their resources into IoT deployments. These technologies are able increase ROI through projects such as connecting supply chains or enabling sm...
Interested in leveling up on your Cloud Foundry skills? Join IBM for Cloud Foundry Days on June 7 at Cloud Expo New York at the Javits Center in New York City. Cloud Foundry Days is a free half day educational conference and networking event. Come find out why Cloud Foundry is the industry's fastest-growing and most adopted cloud application platform.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
SYS-CON Events announced today that Carbonite will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.
SYS-CON Events announced today that EARP Integration will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. EARP Integration is a passionate software house. Since its inception in 2009 the company successfully delivers smart solutions for cities and factories that start their digital transformation. EARP provides bespoke solutions like, for example, advanced enterprise portals, business intelligence systems an...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assis...
In his session at 20th Cloud Expo, Brad Winett, Senior Technologist for DDN Storage, will present several current, end-user environments that are using object storage at scale for cloud deployments including private cloud and cloud providers. Details on the top considerations of features and functions for selecting object storage will be included. Brad will also touch on recent developments in tiering technologies that deliver single solution and an end-user view of data across files and objects...
Detecting internal user threats in the Big Data eco-system is challenging and cumbersome. Many organizations monitor internal usage of the Big Data eco-system using a set of alerts. This is not a scalable process given the increase in the number of alerts with the accelerating growth in data volume and user base. Organizations are increasingly leveraging machine learning to monitor only those data elements that are sensitive and critical, autonomously establish monitoring policies, and to detect...