Melbourne’s Oxygen Ventures leads $5.6 million funding round for Silicon Valley startup Saisei
Melbourne-based Venture Capital firm, Oxygen Ventures, has just announced its leading role in a $5.6 million Series A funding round for Saisei – a Silicon Valley networking technology startup.
Financing will help accelerate product development and bring Saisei’s software-based NFV/SDN solutions to the Asia Pacific and North American markets in 2014. Larry Kestelman, Founder and Director of Oxygen Ventures, will join the Saisei board of directors as part of the round.
”The patented technology that Saisei has developed is truly unique and has the potential to revolutionise the way network operators see and control their networks,” said Kestelman in the media release. “We are very pleased to be a part of building Saisei into a market leader.”
Saisei’s flow technologies provide virtualised visibility and control of Enterprise and Service Provider IP Networks. Enabling improved network utilisation without the typical drawbacks of congestion, this software solution provides a cost-effective replacement for hardware network appliances and tools.
“For far too long, network appliances have largely been packet-based and reliant on proprietary hardware”, said Bill Beckett, Founder and CEO of Saisei, in the media release.
“Our patented flow technologies enable us to provide complete flow awareness, control and visibility to any network function and empower network managers with unprecedented control over applications, users, locations and Quality of Experience with software they can deploy on their own server platforms.”
Backed by Oxygen Ventures, Saisei’s technology has an expected market launch pegged for later this year.
To learn more about Saisei, visit www.saisei.com.