At the OpenStack Summit this week in Portland, Midokura announced the general availability of MidoNet. First introduced to the U.S. market last fall, MidoNet is a distributed software-defined virtual network solutions specifically designed for Infrastructure as a Service (IaaS). MidoNet is integrated with the OpenStack Quantum networking project and has support for OpenStack Nova network drivers as well. This technology treats networking like one big distributed system.
“We are excited to disrupt the market and offer the industry general access to our MidoNet network virtualization technology,” said Dan Mihai Dumitriu, co-founder and CEO of Midokura. “Unlike other solutions out there, MidoNet pushes intelligence to the edge of the network, as it takes an overlay-based approach to network virtualization and sits on top of any IP-connected network. Given this, MidoNet makes it easier for enterprises to build fully featured, secure and scalable clouds.”
Japan-based Midokura also recently announced that it has raised $17.3 million in Series A funding. The round was led by Innovation Network Corporation of Japan (INCJ), a Japanese public-private partnership. Other investors who participated in the round include NTT Group’s Venture Fund: NTT Investment Partners, L.P. and NEC Group’s Venture Fund: Innovative Ventures Fund Investment L.P.
“As enterprises and carriers embrace and build out IaaS clouds, an overlay-based network virtualization platform will soon be a must-have technology," said Mr. Kimikazu Noumi, President and CEO ofINCJ. "The financial support of Innovation Network Corporation of Japan, and other key backers, validates our strategy as well as the work we’ve done over the past three years developing our industry leading product MidoNet. This funding will enable us to accelerate our product engineering, the establishment of partnerships, and the growth of our customer base. We look forward to delivering the most preformant, scalable and fault tolerant network virtualization solution to the IaaS infrastructure market.”