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
In the enterprise today, connected IoT devices are everywhere – both inside and outside corporate environments. The need to identify, manage, control and secure a quickly growing web of connections and outside devices is making the already challenging task of security even more important, and onerous. In his session at @ThingsExpo, Rich Boyer, CISO and Chief Architect for Security at NTT i3, discussed new ways of thinking and the approaches needed to address the emerging challenges of security i...
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"I will be talking about ChatOps and ChatOps as a way to solve some problems in the DevOps space," explained Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, discussed the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...