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
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
"C2M is our digital transformation and IoT platform. We've had C2M on the market for almost three years now and it has a comprehensive set of functionalities that it brings to the market," explained Mahesh Ramu, Vice President, IoT Strategy and Operations at Plasma, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Traditional IT, great for stable systems of record, is struggling to cope with newer, agile systems of engagement requirements coming straight from the business. In his session at 18th Cloud Expo, William Morrish, General Manager of Product Sales at Interoute, outlined ways of exploiting new architectures to enable both systems and building them to support your existing platforms, with an eye for the future. Technologies such as Docker and the hyper-convergence of computing, networking and sto...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
Much of IT terminology is often misused and misapplied. Modernization and transformation are two such terms. They are often used interchangeably even though they mean different things and have very different connotations. Indeed, it is somewhat safe to assume that in IT any transformative effort is likely to also have a modernizing effect, and thus, we can see these as levels of improvement efforts. However, many businesses are being led to believe if they don’t transform now they risk becoming ...
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
When building large, cloud-based applications that operate at a high scale, it’s important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. “Fly two mistakes high” is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.