CU Boulder spinoff Stateless, Inc. recently announced that the company received a $750,000 Phase II Small Business Innovation Research (SBIR) grant from the National Science Foundation (NSF).
The grant from the NSF will help Stateless, a "network-as-a-service" company, further scale its research and development efforts. The company seeks to make a transformational impact on the colocation industry by providing greater security, visibility and control for colocation providers managing tenant traffic and communications across a portfolio of different sites.
“The trend toward companies consuming networking infrastructure instead of building and managing their own environments is undeniable,” Murad Kablan, Co-Founder and CEO of Stateless, Inc., said in a press release. “We appreciate the resources made available by the NSF 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.”
Stateless also raised $11.33 million in Series A funding earlier this January.
“Stateless is a model example of a startup that has successfully leveraged the plethora of resources available in the university and larger Colorado ecosystem," said Brynmor Rees, associate vice chancellor of Research and Innovation and managing director of Venture Partners at CU Boulder. "They took early steps with the New Venture Challenge, Catalyze CU, and Techstars, and translated that into multiple funding streams including this NSF award, an Advanced Industries Accelerator grant, and private investment.”
Learn more about Stateless' most recent funding round.