Welcome!

News Feed Item

Glassbeam Announces New Funding, Addition of Silicon Valley Luminary as CSO and Expands Board of Directors

SANTA CLARA, CA -- (Marketwired) -- 08/27/14 --


  • Machine Data Analytics Pioneer Attracts Investment from VKRM Group to Continue Product Innovation to Revolutionize the IoT Market
  • Seasoned Silicon Valley Entrepreneur and Technology Leader Kumar Malavalli Joins C-Suite to Further Drive Company Strategy and Growth
  • Company Adds Renowned Entrepreneur and Technologist Sashi Reddi of SRI Capital to Board

Glassbeam, Inc., the machine data analytics company, today announced significant new momentum with $2 million in additional funding. The investment, led by VKRM Group, a boutique venture capital firm investing in entrepreneurs building innovative and industry-leading businesses, will be used to continue the refinement of its unique, patentable Internet of Things (IoT) platform -- Glassbeam SCALAR.

Designed to analyze the exploding amounts of machine data being generated with the rise of connected devices, Glassbeam SCALAR is built to handle the high volume and variety of incoming data streams, which is common in complex IoT environments. Offering maximum flexibility, the platform works with any data, any device and any cloud to quickly uncover profound intelligence from complex operational data -- ingesting, processing and mining it in a near-real-time basis.

In conjunction with the funding news, Glassbeam is pleased to have Kumar Malavalli, a respected Silicon Valley luminary, take an active role as the company's chief strategy officer (CSO). As Glassbeam's co-founder, key investor and current chairman, Malavalli brings vast industry expertise helming multiple successful technology companies. He has led technology start-ups to successful liquidity events for more than a decade, including the 1999 multibillion IPO of Brocade Communications as its co-founder. He is widely considered to be the visionary behind Fiber Channel storage fabrics, an evolutionary technology that enabled the development of production-class Storage Area Networks (SANs). Most recently, he, as the CEO and chairman, led InMage, which he co-founded in 2001, to a successful acquisition by Microsoft.

Malavalli, who has also been inducted into the Silicon Valley Engineering Council Hall of Fame for his contributions to technology, helped found Glassbeam in 2009 with current CEO Puneet Pandit. As CSO, Malavalli will shape Glassbeam's strategy, guide the company's accelerating growth and help assert its position as a leader in the IoT space.

Additionally, Glassbeam announced the appointment of Sashi Reddi to the company's board of directors. Reddi is the founder and managing partner of SRI Capital, a seed stage venture capital fund focused on startups in the U.S., India and U.K. He is a seasoned executive and business leader, founding four startups in the past 20 years. Prior to SRI Capital, Reddi was founder and CEO at AppLabs, which was acquired by Computer Sciences Corporation (CSC). Post acquisition, he took over leadership of the Independent Testing Services division within CSC, and in September 2012, was elevated to lead CSC's big data and analytics business. He was also the founder and CEO of FXLabs Studios (acquired by Foundation 9 Entertainment), iCoop, Inc. and EZPower Systems (acquired by DocuCorp).

Glassbeam recent corporate and customer milestones include:

  • New strategic partnership with Tableau Software, a global leader in rapid-fire, easy-to-use business analytics software. Together, this partnership speeds up time-to-value for customers through faster, easier access to insights from machine data.
  • New customer win with Dimension Data, a $6 billion global ICT services and solutions provider, who is using Glassbeam SCALAR to optimize its global, enterprise-class cloud data center operations.
  • Inclusion in CRN's Big Data 100 in the "Business Analytics" category "Emerging Vendors Big Data" categories.

Glassbeam's patent-pending technology is enabling customers to reduce costs, increase revenues, accelerate product time to market, and improve customer satisfaction and retention. Glassbeam customers and partners include Fortune 500 companies and enterprises across a variety of markets including storage, wireless, networking and medical devices.

Supporting Quotes
"Glassbeam is at the cusp of an explosive phase in its growth cycle. The company is well on its way to emerge as a true leader in the IoT space with its unique patentable platform and pedigreed team. Combined with a market need for intelligent analytics for the IoT, I am confident that Glassbeam's sophisticated technology has the potential to disrupt the IoT industry and am thrilled to provide strategic direction to this impressive team. I look forward to continue driving Glassbeam's value and innovation forward."
- Kumar Malavalli, CSO and co-founder, Glassbeam

"In the past year, Glassbeam has established itself as the machine data analytics company, pioneering the technological development needed to analyze machine and device data. My experience combined with Glassbeam's corporate development and direction complement each other very well. I look forward to working with Puneet and his team to contribute to the company's future direction and growth, as this market continues to heat up."
- Sashi Reddi, founder and managing partner, SRI Capital

"This round of funding is another endorsement of Glassbeam's tremendous potential in the IoT space. With the appointment of Kumar as CSO and Sashi on the board, this announcement demonstrates our exceptional company momentum. We are honored to have these experts join our team and board, as both have unparalleled depth of knowledge in software and analytics. I look forward working with Kumar and Sashi to guide future growth and bring continued value to our customers."
- Puneet Pandit, CEO and co-founder, Glassbeam

Resources

About Glassbeam
Glassbeam is the machine data analytics company. Bringing structure and meaning to data from any connected device, Glassbeam provides actionable intelligence around the Internet of Things. Glassbeam's next generation cloud-based analytics platform is designed to organize and analyze multi-structured data, delivering powerful product and customer intelligence for companies including IBM, HDS, Aruba Networks and Meru Networks. For more information, visit www.glassbeam.com.

Media Contact
Danielle Salvato-Earl
Kulesa Faul for Glassbeam, Inc.
(650) 922-7287
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Outscale 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. Outscale's technology makes an automated and adaptable Cloud available to businesses, supporting them in the most complex IT projects while controlling their operational aspects. You boost your IT infrastructure's reactivity, with request responses that only take a few seconds.
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
SYS-CON Events announced today that Enzu 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, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
SYS-CON Events announced today that Outscale, a global pure play Infrastructure as a Service provider and strategic partner of Dassault Systèmes, 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. Founded in 2010, Outscale simplifies infrastructure complexities and boosts the business agility of its customers. Outscale delivers a secure, reliable and industrial strength solution for its customers, which i...
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, 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. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, 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. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
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...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
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...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...