Munich, 12. November 2015__ NFWare, the vendor of virtualized network software for telecommunications providers, has gained as new investors Maxfield Capital, Almaz Capital Partners and Telefónica via Wayra, a part of Telefónica’s Open Future program. The European team of developers has secured a six-figure sum for the development and expansion of its business idea from the venture capital firms, which specialize in working with start-ups involved in new technologies.
NFWare supplies telecommunications operators with virtual network functions for packet core networks that enable them to cope even with increased traffic levels on conventional servers, and at the same time achieving carrier-grade performance levels historically associated with dedicated hardware-based networking solutions (hundreds of gigabits per second). Because the solution is virtual, no special hardware is needed, while the service is billed on a pay-per-use basis and is measured in CPU cores, gigabits per second, or requests per second. As a result, NFWare’s customers can substantially reduce their costs. In addition, the software-based approach enables them to benefit from a high degree of deployment flexibility, faster time to market for new services and better utilization of physical resources. In 2015, the company has already deployed its Virtual CG-NAT solution in one of European carriers and has been engaged in several pilot projects and field trials with Tier-1’s.
“Maxfield Capital, Almaz Capital Partners and Wayra are renowned investors that specialized in providing early-stage investment for young businesses. They have a global reputation for having a very special instinct for selecting disruptive technology ideas. We are therefore overjoyed that we have been able to convince these particular investors of our strengths,” explained Alexander Britkin, co-founder and CEO at NFWare. “In 2016 we want to complete our first deployment projects in Europe and are planning to expand into global markets as early as 2017.”
The NFV potential as the technology of the future is already clear from the example of the telecoms giant Telefónica. “For Telefónica, as well as for all telecom operators, virtualization and use of cloud for network equipment opens up enormous technological possibilities allowing a new way of operating the telecom network with more agility, reliability and a lower cost. It is clear that virtualization is an opportunity for new vendors as the environment of network vendors will change in the next years.” added Cayetano Carbajo Martin, CTO at Telefónica Germany.
According to a report of the research company Analysis Mason, worldwide sales of telco network virtualization solutions are expected to be $2.4 billion in 2016 and $29 billion by 202.
“With its innovative technology, NFWare is a highly motivated team that fits perfectly into our portfolio. It’s clear to us that the business will be breaking into international markets in the near future. We are very happy about the cooperation,” said Alexander Turkot, Founder and General partner at Maxfield Capital.
Garan Goodman, Managing Director of Wayra, says: “Wayra is a global pioneer project of Telefónica’s Open Future. The in-house developed program brings together young entrepreneurs and public or private strategic partners worldwide. We once again demonstrated an excellent instinct for promising technologies and instantly found NFWare’s unique vision, as well as the potential that this innovation offers, a valuable investment for Telefónica.”
NFWare, Inc. is a telecommunications network software vendor which develops innovative virtualized network routing software for service providers and operators to help them building more flexible and efficient networks by utilizing high-performance virtualization technologies. Unlike existing hardware-based solutions, NFWare virtualizes IP/packet core network elements and makes them running without loss of performance for terabits of traffic on standard COTS x86 servers instead of dedicated proprietary hardware. Company was established in 2014 by experienced professionals in telecommunications, computer networking and virtualization technologies. NFWare headquarters are located in Munich, Germany. For more information, visit www.nfware.com
About Maxfield Capital
Maxfield Capital is a venture capital firm that invests in global seed and early stage technology companies. Maxfield Capital searches for unique ideas, visionary entrepreneurs and new markets’ niches. The fund has offices in New York, Tel Aviv and Moscow. Maxfield’s original approach aims at creating global success stories by bridging the gap between high quality engineering and commercial execution. The fund is currently considering investment opportunities in USA, Europe and Israel.
About Almaz Capital
Founded in 2008, Almaz Capital invests in early stage, capital efficient technology companies. The team connects entrepreneurs and engineering talent in untapped emerging tech regions working in high-growth sectors such as enterprise and cloud computing, mobile, Internet infrastructure and services, data storage and management, and ecommerce. For more information, please visit: www.almazcapital.com
Wayra forms part of Telefónica’s ‘Open Future’ initiative which brings together all branches of external innovation and VC investment within the Telefónica Group. Open Future analyzed over 30,000 digital projects and managed a portfolio of over 500 start-ups. Open Future invested over 300 million euros in supporting and financing digital projects across the world.