Cisco, Ericsson Lead $6 Million Funding of PubNub

 

SAN FRANCISCO — PubNub, operator of a Data Stream Network, has announced a strategic investment of $6 million from Cisco Investments and Ericsson. The announcement coincides with the launch of PubNub BLOCKS, making networking leaders Cisco and Ericsson a transformational part of the world’s first programmable network for application developers. Over 800 companies signed up for early access to PubNub BLOCKS.

PubNub BLOCKS is a service that extends the capabilities of the PubNub Data Stream Network by making the network programmable, delivering a “serverless” environment for application logic that is optimized for modern, realtime applications. This revolutionary offering streamlines application development, reduces endpoint-to-endpoint latency, and allows applications to better leverage the enormous scalability of PubNub’s Data Stream Network.

“Online apps are quickly becoming realtime, and must handle massive amounts of streaming social, location, and IoT data. PubNub BLOCKS represents a new way for app developers to code application logic directly into the network, get to market quickly, and never have to worry about scale,’” said Todd Greene, CEO of PubNub. “We’re excited to have Cisco and Ericsson, both giants in the networking industry, put their support behind PubNub BLOCKS.”

Both Cisco and Ericsson have evangelized moving business logic closer to the network edge, and saw an opportunity with PubNub BLOCKS to take action on their vision for application development.

“PubNub BLOCKS delivers the benefits of Fog Computing to application developers, bringing business logic to the edge,” said Rowan Trollope, Cisco senior vice president and general manager of IoT and Applications. “Our investment in PubNub is driven by our shared vision for the future of distributed computing built on global, secure, programmable networks. “

Ericsson’s deep-reach network has been instrumental in supporting the explosive growth of networked things, deep analytics, and latency-free control. With BLOCKS, PubNub is making the first programmable network, giving application developers direct access to amazing network capabilities” said Per Borgklint, Senior Vice President, Chief Innovation Officer and Head of Business Unit Media, Ericsson. “We’re thrilled to be participating in this exciting product launch.”