Kaloom, a Montreal, Canada-based startup that provides a networking solution for edge data centers, announced that it secured an additional $21 million in funding.
The investment was from the Quebec government and current investor, Alternative Capital Group (ACG), which matched the government of Quebec's investment.
This latest investment will support Kaloom's go-to-market strategy and extend its current heterogeneous hardware strategy by supporting additional platforms like SmartNICs and servers.
The latest cash infusion will also allow Kaloom to ramp up sales and help its global service provider customers benefit from burgeoning network transformation and 5G-Edge market opportunities.
"With this investment, we can harness our momentum and continue to serve our global customers while expanding into new markets," said Laurent Marchand, Kaloom Founder, and CEO. "Our mission is to empower service providers and operators worldwide with automated and fully programmable distributed edge network solutions that transform underlying network infrastructure and reduce total cost of ownership. This investment is critical to achieving that mission globally and enabling 5G-Edge and private 5G monetization in our industry."
Company: Kaloom Inc.
Raised: $21.0M
Round: Unknown
Funding Month: September 2022
Lead Investors: Quebec government and Alternative Capital Group
Additional Investors:
Company Website: https://www.kaloom.com/
Software Category: Networking Solution
About the Company: Kaloom is an emerging company delivering a fully programmable and automated cloud-native edge networking software solution, disrupting how distributed cloud edge and data center networks are built, managed, and operated by telecom, fixed and mobile operators, data centers, and cloud service providers. Kaloom comprises technology veterans with proven track records of delivering large-scale networking, analytics, and AI-based solutions for the world's largest networks. Kaloom is based in the Quartier de l’innovation in Montréal, Quebec and in the Silicon Valley.
Source: https://www.kaloom.com/press-release/2022/kaloom-secures-21m-in-funding-to-accelerate-network-transformation-and-5g-edge-deployments