Fundings Galore: Boundary, Ineda, IPO for MobileIron

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IT Infrastructure Monitoring solution provider Boundary raises $22 million in a C-round of funding, MobileIron files for an IPO hoping to raise as much as $100 million, and startup company Ineda Systems has raised $17 million to advance its low-power SoCs for the Internet of Things market.

Boundary raises $22 million. IT Infrastructure Monitoring solution provider Boundary announced a $22 million C-round funding, bringing total funding to date to $41 million. The round was led by new investor Adams Street Partners with participation from Triangle Peak Partners as well as existing investors Lightspeed Venture Partners and Scale Venture Partners. Mountain View based Bondary will use the funding to enable continued expansion in the development of its product and technology as well as significantly bolster its sales and marketing capabilities. As a public or private SaaS-delivered service Boundary’s service is operational within seconds and completely non-intrusive. It is designed for modern application infrastructures such as public/private cloud or hybrid environments where resources are dynamic in nature. At its core is the ability to collect and process hundreds of millions of metrics and events every second using a highly scalable low latency streaming engine. This data is processed in context of the real-time application map, which Boundary builds and updates immediately to reflect changes in the infrastructure or the application. Boundary processes up to 2 trillion metrics daily for clients that include Scripps Networks Interactive, Salesforce.com, The Weather Channel, Zendesk, Gilt, Expedia, Infor, Heroku, OneNeck, Websense, HCL Technologies, Rackspace and many others. “Modern application development methodologies combined with modern operations cultures such as DevOps give organizations the key advantages of rapid time to market and agility. But this can come at the cost of service availability as recent high profile outages have demonstrated. New applications and infrastructures require new monitoring solutions – ones that can embrace the cadence of continuous deployment and elasticity while dealing with the complexity of highly distributed architectures,” said Boundary CEO Gary Read. “Boundary is a new breed of application aware infrastructure monitoring solution where the key emphasis is how the infrastructure affects the application performance.”

MobileIron files for IPO. Mountain View based mobile device management company MobileIron has filed a registration statement for a proposed initial public offering of its common stock. It disclosed that it hopes to raise up to $100 million. MobileIron is led by former Cisco executive Robert Tinker, and has seen revenue grow to $105.5 million. The company has raised around $145 million in previous funding rounds. The MobileIron platform is a purpose-built mobile IT platform for enterprises to secure and manage mobile applications, content and devices while providing their employees with device choice, privacy and a native user experience. The company believes that the size of the global mobile IT market will be $27 billion for 2014 and will grow to approximately $49 billion in 2017.  Morgan Stanley & Co. LLC and Goldman, Sachs & Co. will act as lead joint book-running managers for the offering.

Ineda Systems secures $17 million. Ineda Systems, a developer of low-power SoCs (system on a chip) for use in the fast-growing wearables and Internet of Things (IoT) market segment, announced that it has raised $17M in Series B funding. The investment was led by Walden-Riverwood Ventures and includes co-investors Samsung Catalyst Fund,  Qualcomm Ventures, IndusAge Partners and others, along with existing investors. The funding will be used to further develop Ineda’s new class of highly integrated, ultra-low power semiconductor and software products that are aimed at the wearable device segment. These SoCs will be applicable to a multitude of devices such as smartwatches, health and fitness trackers and other wearable devices, as well as IoT. The market is primed for a new class of semiconductor architecture that is specifically designed to be ultra-low power and high performance for use in the rapidly growing wearable technology space,” said Ineda Systems CEO Dasaradha Gude.

About the Author

John Rath is a veteran IT professional and regular contributor at Data Center Knowledge. He has served many roles in the data center, including support, system administration, web development and facility management.

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