logo
logo

Kaloom Secures $21M In Funding To Accelerate Network Transformation And 5G-Edge Deployments

Sep 08, 2022•about 3 years ago

Amount Raised

$21 Million

Montreal

Description

KaloomTM today announced it secured an additional USD 21 million from the Quebec government and current investor, Alternative Capital Group (ACG), who matched the government of Quebec’s investment. This latest investment will support Kaloom's go-to-market strategy and extend its current heterogeneous hardware strategy by supporting additional platforms like SmartNICs and Servers. The latest cash infusion will also allow Kaloom to ramp up sales, and help its global service provider customers benefit from burgeoning Network transformation and 5G-Edge market opportunities.

Company Information

Company

Kaloom

Location

Montreal, Quebec, Canada

About

Kaloom is comprised of a group of technology veterans with proven track records of delivering large-scale networking, analytics and AI-based solutions for the world’s largest networks. Having come from leading companies including Ericsson, Xelerated, Cisco, Redback Networks, 3Com, Nortel and Apple, we have come together to build a critically-needed solution to address the emerging challenges in data center networking. Backed by strong investors (Fonds FTQ, Somel Investments Inc., MBUZZ) and partners (Red Hat, Accton, Barefoot, Foxconn) that share in Kaloom’s belief, ideas and future direction; we are committed to creating a world class solution that will change the data center networking industry. Our research and development office is located in the heart of the Quartier de l'innovation in Montreal, Quebec with the sales and marketing teams Silicon Valley.

Related People

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech