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Stateless Wins National Science Foundation Award for Software Defined Interconnect

March 19, 2019

BOULDER, Colo.--(BUSINESS WIRE)--Mar 19, 2019--Stateless, Inc., the company reinventing network connectivity, today announced that it has been granted an award from the National Science Foundation (NSF) for its advancements in Software Defined Interconnect (SD-IX). Designed to unleash the power of data center networks, Stateless’ approach, as recognized by NSF, elevates network connectivity to provide greater security, visibility and control for colocation providers managing tenant traffic and communications across a portfolio of different sites.

“Stateless’ focus on software-defined interconnect intelligently changes the way data center and cloud connectivity solutions are delivered, managed and monetized. It is set to take the industry by storm,” said Eric Keller, Co-Founder and CTO, Stateless, Inc. “The grant from the NSF is recognition of our efforts in this new space as we ready the company to support colocation providers in the deployment of intelligent, consolidated, and secure SD-IX solutions with unprecedented control.”

The National Science Foundation’s Small Business Innovation Research (SBIR) program - also known as America’s Seed Fund powered by NSF - provides small businesses with equity-free funding to conduct research and development (R&D) work. The funding is intended to allow recipients to bring innovative new products and services to market that drive the commercial success of business. The Phase II grant of $750,000 follows the company’s previous award of $225,000 by the scientific organization and is awarded pursuant to the authority of the National Science Foundation Act of 1950.

“By decoupling network state and putting it in a scale-out data store, Stateless, Inc. is addressing one of the larger issues in network infrastructure elasticity, providing enhanced workload interoperability and resilience,” said Eric Hanselman, Chief Analyst, 451 Research. “Advances like this could help Stateless deliver a fully managed, automated platform that allows administrators to implement network on-demand functionality that addresses current enterprise workload requirements.”

Stateless was founded to enable colocation providers and cloud MSPs to sit at the core of tenant networks through software-defined interconnect (SD-IX). SD-IX gives providers software-defined management of cross-connects so that they can protect their connectivity revenue, intelligently extend outside a single physical location and optimize their internal networks.

“The trend toward companies consuming networking infrastructure instead of building and managing their own environments is undeniable,” said Murad Kablan, Co-Founder and CEO, Stateless, Inc. “We appreciate the resources made available by the NSF and AIA and with these awards plan to bring a solution to market that reinvents connectivity so that colocation providers and cloud MSPs can support more diverse requirements for enterprise connectivity.”

In addition to the NSF award Stateless received a grant from The Colorado Economic Development Commission in November 2018 for $250,000. Called the Colorado Advanced Industry Award (AIA), the grant was provided for pre-commercialization research and commercialization preparation. The grant funds companies such as Stateless, Inc. in the commercialization of innovative technologies to create viable products that meet a market need.

About Stateless

Stateless is reinventing connectivity. We are dedicated to relentlessly solving the network challenges others deem impossible. The revolutionary Stateless platform gives users the power to optimize existing network assets to control and connect every endpoint, including portfolio data centers, tenant sites and hyperscale clouds. Stateless is proudly based in Boulder, Colorado. Learn more at www.bestateless.com.

About National Science Foundation

The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering. In fiscal year (FY) 2018, its budget is $7.8 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives more than 50,000 competitive proposals for funding and makes about 12,000 new funding awards.

©2019 All rights reserved. Stateless is a trademark owned by Stateless, Inc. All other trademarks are the property of their respective owners.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190319005301/en/

CONTACT: IGNITE Consulting, on behalf of Stateless

Kathleen Sullivan, 303-439-9365

Linda Dellett, 303-439-9398

stateless@igniteconsultinginc.com

KEYWORD: UNITED STATES NORTH AMERICA COLORADO

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE NETWORKS SOFTWARE TELECOMMUNICATIONS OTHER TECHNOLOGY SECURITY

SOURCE: Stateless

Copyright Business Wire 2019.

PUB: 03/19/2019 10:00 AM/DISC: 03/19/2019 10:01 AM

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