Leta Capital has injected an aditionnal $1 million in Brain4Net, a provider of advanced SDN/NFV solutions, following a previous $1.75 million round last year with co-investor CommIT Capital.
The funding, which took the form of a convertible loan, will be used to fine-tune the company’s solutions, develop new products, and enlarge partnerships in Russia and abroad, reports Firrma.ru.
Based in Moscow and Cambridge (MA), USA, Brain4Net provides enterprises and service providers with a “comprehensive network orchestration & control solution” for multi-vendor network infrastructure. The company also offers SDN controller functions and a set of virtualized network functions (VNFs).
This approach aims to help organizations “bring agility to the network, improve network service chaining and reduce both CAPEX and OPEX for network infrastructure deployment and operations,” Brain4Net claims.
“Our mission is to disseminate a new vision of building agile, scalable and easy manageable networks. We believe that SDN and NFV concepts provide the best approach of how next generation networks should look like.”
Leta Capital is the venture arm of the Russian IT security holding Leta Group. Established in 2012, the fund has already invested in air screen maker Displair, social app Budist, bank software publisher Double Data and other startups essentially in Russia..
