Funding

Applied Digital led a $25 million funding round for Corintis, which develops chip-cooling solutions for AI data centers.

NetFoundry added Cisco Investments to its Series A round, raising over $15 million to expand its identity-driven network overlays.

AI companies have large debt and losses, with OpenAI planning profitability by 2030 amid extensive data center investments.

Weekly roundup covering Aviz Networks partnerships and funding, SONiC ecosystem events, network AIOps, and cloud traffic visibility.

Aviz Networks developed vendor-neutral AI networking solutions for data centers and edge networks, completing funding to expand efforts.

Applied Digital is set to receive $787.5 million from Macquarie Asset Management to support the construction of its AI Factory campuses in North Dakota. This funding is part of a larger $5 billion financing agreement.

Humanix raised $18 million to counter social engineering attacks by using AI for real-time protection of human-operated services.

Databricks posted over $4 billion in annual revenue, with Espresso AI projecting cost-saving benefits for its customers.

Ragy Thomas joins UnifyApps as Co-CEO to lead efforts in scaling AI solutions across enterprises, addressing integration challenges.

Corero Network Security reported Q3 growth driven by a major client renewal and increased order intake of $7.4 million.

Aviz Networks secured $10 million to enhance its GenAI-based networking solutions and support SONiC adoption.

Alter Venture Partners endorsed Aviz's vision, highlighting its differentiation and partnerships in transforming network management.