Stateless Networks
Luminus Networks | Enlightened networking.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
$3.8m | Series A | ||
| Total Funding | 000k | ||
Stateless, Inc. was a technology company founded in 2016 by Eric Keller and Murad Kablan, stemming from their research. The Boulder, Colorado-based firm aimed to address the evolving needs of data center connectivity in the age of hybrid multi-cloud strategies. Kablan served as the CEO of the company. The company's core technology revolved around the concept of stateless network functions, which decouples the processing of network traffic from the state, storing the state in a separate data store to enhance elasticity and resilience.
The business focused on providing a software platform to enable colocation providers and cloud Managed Service Providers (MSPs) to become central hubs for their tenants' network traffic. This was achieved through their software-defined interconnect (SD-IX) platform, which allowed for software-defined management of cross-connects. The company’s inaugural product, Luxon, was designed to let users deploy and integrate network services such as IPsec and routing as a service through a RESTful API. This approach targeted DevOps, developers, and NetOps teams, aiming to give providers greater security, visibility, and control over their network assets, regardless of the endpoint.
Stateless emerged from stealth in January 2019 with a significant milestone, securing $11.33 million in a Series A funding round. The oversubscribed round was led by Drive Capital with participation from existing investor Speedinvest. This funding was intended to expand deployment, and operations, and to optimize the platform. In the same year, the company was awarded a U.S. Patent for its stateless network functions and received a $750K grant from the National Science Foundation. Another entity, Stateless Networks, founded in 2012, had raised $1.8M in a seed round from investors including Artis Ventures, Originate Ventures, and Exigent Ventures, though the relationship between the two entities is not specified.
Keywords: software-defined interconnect, SD-IX, network connectivity, colocation providers, cloud MSPs, data center connectivity, hybrid multi-cloud, stateless network functions, Murad Kablan, Eric Keller, Luxon platform, network virtualization, Drive Capital, Speedinvest, network as a service, DevOps networking, RESTful API networking, IPsec as a service, cloud networking, data center interconnection