Canopus Networks, a Sydney, Australia-based developer of AI-driven network analytics solutions, raised an additional $3M (AU$4.5M) in funding.
Konvoy Ventures made the investment and Jackson Vaughan, Managing Partner, joined the company’s board as an observer. The deal brought its Series A raise to $10.6M.
The company will use the additional funding to accelerate growth in new markets and to develop further gaming-specific products.
Founded by Vijay Sivaraman (CEO) and Himal Kumar (CTO) in 2018, Canopus Networks provides a network visibility management solution driven by artificial intelligence (AI) and programmable switch (P4) technology. The solution is built on Terabit speed hyperscaler programmable switching technology, coupled with patented AI engines trained on stochastic behavioural models. Canopus Networks’ technology offers a scalable, privacy-friendly, and encryption-resistant application-aware network traffic analytics platform.
The platform is now operational in several networks across Asia-Pacific, the Americas, and the UK to allow telecommunications providers to accurately measure online experience for gaming, streaming, and immersive environments.
Headquartered in Sydney, Australia, Canopus Networks has expanded its team with personnel also in Melbourne, New Zealand, USA, and the UK. Born out of the University of New South Wales (UNSW) Sydney, the company originated from years of research on Software Defined Networking (SDN). The research pioneered the use of programmable network techniques for traffic classification and application experience measurement.
FinSMEs
31/05/2023