Zeetta Networks, which focuses on the design, development and marketing of open networking solutions, has received funding of £1.25 million to commercialise the University of Bristol’s software-defined networking technology to smart enterprises and Internet of Things (IoT).
The company, a spin-out from the University’s High Performance Networks group, is an internationally renowned team for their expertise in software-defined networking and network virtualization.
Zeetta breaks vendor-lock-ins using a unique open networking platform based on industry-standard hardware and powerful orchestration software - named NetOS - which manages, automates and monitors the whole network while significantly reduces its costs. This offers a “USB-like”, plug-n-play management of different types of connected network devices and enables the construction of virtual “network slices”, for example separate logically-isolated sub-networks for the deployment of business-to-business or business-to-consumer services, such as Ultra HD wireless video distribution, city-wide Wi-Fi, IoT and other applications.
The funding, which is being provided by existing investor IP Group and new investor, Breed Reply, means that Zeetta can significantly accelerate its growth plans. This will enable the company to expand its commercial and technical teams and target new markets.
Zeetta Networks has been a virtual member of the Bristol SETsquared Centre since September 2015 and they will be looking to take up residence in the Bristol SETsquared Centre, housed in the iconic Engine Shed, as soon as possible.
“Since the formation of our company last May we have achieved many impressive milestones including considerable revenues from our first customers and grant funding from the European Commission through our participation in the REPLICATE lighthouse project. The investment from IP Group and Breed Reply cements the confidence of the market in our technology and our team," said Vassilis Seferidis, CEO of Zeetta Networks.
Breed Reply, Reply's advanced incubator, funds and supports the development of start-ups on the Internet of Things (IoT) in Europe and the USA. Based in London, with operational offices in Italy and Germany, Breed Reply supports entrepreneurs and young talent by quickly bringing new ideas to the market. This is done via funding at “seed” and “early stage” level; considerable support with significant know how transfer of business, managerial and technological expertise; and medium-term involvement to establish start-ups in their market. In the IoT sector, the main areas Breed Reply focuses on are fitness and wellness, healthcare, smart home, manufacturing, transportation and energy.