Lambda Scientifica

Main Menu

  • Home
  • Amazon AWS
  • amazon EC2
  • Cloudfare
  • Cloud hosting
  • Money management

Lambda Scientifica

Header Banner

Lambda Scientifica

  • Home
  • Amazon AWS
  • amazon EC2
  • Cloudfare
  • Cloud hosting
  • Money management
Cloudfare
Home›Cloudfare›Dennis Uy of Converge Joins Board of Directors of US Data Security Startup

Dennis Uy of Converge Joins Board of Directors of US Data Security Startup

By Margaret Lawrence
December 1, 2021
0
0


[ad_1]

Dennis anthony uy

MANILA, Philippines — Internet fiber mogul Dennis Anthony H. Uy of Pampanga has joined the board of directors of Axiado Corp., a Silicon Valley startup producing advanced security processors for use in data centers and mobile networks, after leading a $ 25 million (P.P. 1.2 billion) investment round.

Uy is the co-founder and CEO of broadband giant Converge ICT Solutions Inc.

He was joined by new and existing investors such as Orbit Venture Partners, Chairman of Axiado and Founder of Infinera Dave Welch, Dick Kramlich, Chairman Emeritus of New Enterprise Associates and General Partner of Green Bay Ventures.

The Series B funding, also known as the second stage of venture capital funding, was oversubscribed following “robust product development with strategic partners,” Axiado said in a statement.

Established in San Jose, California in 2017, Axiado develops hardware security solutions based on artificial intelligence.

Its revolutionary product, Trust Control / Compute unit or TCU, is a new class of secure processors capable of detecting and eliminating breaches using AI functionalities.

“This Series B funding reflects the support of our investors and customers, and it provides Axiado with the lead to bring the TCU â„¢ to market to address the growing problem of ransomware and cyber attacks,” Welch said in a statement.

Uy said in the same statement that Axiado TCU can make Filipino data centers more secure “as we build gateways from the United States to interconnected Asia.”

Through Converge, Uy controls the country’s largest fiber-optic Internet service provider. Recently, Converge said it would meet its goal of covering 55% of households nationwide two years ahead of schedule, or by 2023, given its aggressive rollout plan.

Axiado CEO Gopi Sirineni noted that the Series B funding also marks the success of the company’s other partnerships with companies such as Cisco, Cloudfare and AMI.

“These partnerships are crucial to help us refine the product and achieve dynamic product market adjustment to cloud markets first,” he said.

BST

Subscribe to our commercial newsletter

Read more

Do not miss the latest news and information.

Subscribe to INQUIRER PLUS to access The Philippine Daily Inquirer and over 70 other titles, share up to 5 gadgets, listen to the news, download from 4 a.m. and share articles on social media. Call 896 6000.

For comments, complaints or inquiries, contact us.


[ad_2]

Related posts:

  1. EasyJet offers more flights to Green List destinations
  2. Portugal extends its “state of calamity” until May 30
  3. One for twitchers
  4. Madame Tussauds wax figures of Meghan Markle and Prince Harry removed those of Meghan Markle Prince Harry
Tagsartificial intelligencedata centersunited states

Archives

  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • December 2020
  • November 2020
  • September 2020
  • August 2020
  • July 2020
  • Privacy Policy
  • Terms and Conditions