Tuesday, August 3, 2021

Marvell to acquire Innovium for data center switching silicon

Marvell Technology agreed to acquire Innovium, a start-up offering switching silicon for cloud and edge data centers, in an all-stock transaction valued at $1.1 billion.Innovium, which is based in San Jose, California, offers high-performance switching silicon solutions for cloud and edge data centers. The company was founded in 2014 and has approximately 230 employees.Marvell, which has an extensive portfolio of Ethernet switch semiconductor solutions,...

Google teams with Sparkle on 2 subsea cables

Google is collaborating with Sparkle and others to build and operate two submarine cable systems linking the Middle East with southern Europe and Asia: the Blue Submarine Cable System connecting Italy, France, Greece, and Israel; the Raman Submarine Cable System connecting Jordan, Saudi Arabia, Djibouti, Oman and India. Both cables will be equipped with 16 fiber optic pairs and are expected to be ready for service in 2024. They will...

Juniper offer Zero Trust Cloud Workload Protection

Juniper Networks introduced a Zero Trust Data Center architecture to automatically defend application workloads in any cloud or on-premises data center environment against application exploits as they happen, including the Open Web Application Security Project (OWASP) Top 10 and memory-based attacks.Juniper Cloud Workload Protection is a lightweight software agent that controls application execution and monitors the application’s behavior and context,...

STL collaborates with Facebook Connectivity on Evenstar radio units

STL is collaborating with Facebook Connectivity to design and develop 4G and 5G radio products as part of the Evenstar program, which is a collaborative effort led Facebook Connectivity  to accelerate the adoption of Open RAN technology. Through this collaboration, STL will build two advanced, high-power macro radio products. The first one is an O-RAN compliant radio providing higher capacity for dense deployments. As part of this engagement,...

Nozomi raises $100 million for OT and IoT security

Nozomi Networks, a start-up based in San Francisco, announced a $100 million pre-IPO-funding round to help accelerate its OT and IoT security solutions.The company said it plans to grow its sales, marketing and partner enablement efforts, and enhance its products to address new challenges in both the operational technology (OT) and internet of things (IoT) visibility and security markets. The Series D funding was led by Triangle Peak Partners...

NeoPhotonics posts Q2 sales of $65 million

 NeoPhotonics reported Q2 revenue of $65.0 million, up 7% quarter-over-quarter and down 37% year-over-year. Gross margin was 15.2%, down from 21.9% in the prior quarter and non-GAAP net loss per share was $0.22, compared to Non-GAAP net loss of $0.15 per share in the prior quarter."Building on our strong performance in the second quarter, we see accelerating growth in the back half of the year, driven by the initial ramp of 400ZR and related...