Participated · Seed · Dec 2017

Stateless is focused on reinventing network connectivity through a software-defined interconnect (SD-IX) platform that gives colocation providers and cloud MSPs software-defined management of cross-connects. The platform is designed to help providers protect connectivity revenue, intelligently extend beyond a single physical location, and optimize internal networks. Stateless positions its technology to provide greater security, visibility and control across endpoints including portfolio data centers, tenant sites and hyperscale clouds. The company says it will expand deployment and operations and optimize the Stateless platform, and will release more details on its technology, platform and products at a future date. Emerging from stealth, the company is based in Boulder, Colorado and is targeting growing demand from enterprises adopting hybrid multi-cloud strategies. The business cites market tailwinds from the decline of on-premises data centers and growth in outsourced infrastructure demand as drivers for its opportunity. Stateless has developed a technology platform that allows virtual network functions—such as firewalls and load balancers—to be delivered and consumed via an as-a-service model. The company targets network operators across managed hosting, telecommunications and large enterprise customers. Stateless was spun out of research conducted at the University of Colorado Boulder and was co-founded by Murad Kablan and Eric Keller. It graduated from the 2017 Techstars Boulder class and has received two grants from the National Science Foundation. The company intends to use its new funding to grow its platform. No operating metrics were disclosed in the article.