Virtualisation startup NFWare secures $2 million to expand in Europe and US

Virtualised networking software developer NFWare has raised $2 million in a round led by Sistema VC. Previous investors Maxfield Capital, Almaz Capital, and Wayra also participated.

The Spanish company, which builds software for increasing the network speed for high-load traffic processing, will use the funds to expand further into Europe and into the US. To date it has carried out projects for Telefonica and Rostelecom.

“Virtualization technologies will become a foundation for building the next generation network infrastructure, where 5G and the Internet of Things will be the key drivers for NFV in the telecom industry,” said Alexander Britkin, CEO of NFWare. “Therefore, our technologies are becoming particularly popular in the new reality. That’s why we are going to strengthen our market position in Europe and to expand to the US market.”

“The volume of traffic in the world is growing exponentially. Telecom operators, internet companies, data centres have to continuously invest in enhancing the capacity of their network infrastructure,” added Sistema VC president, Alexey Katkov. “NFWare offers a technologically elegant and effective solution, allowing to significantly reduce the corporate costs and to increase the speed of traffic processing.”

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