Today we are excited to announce that we have been granted a Phase II SBIR grant from the National Science Foundation (NSF) for our approach to Software-Defined Interconnect (SD-IX). This Phase II award of $750,000 allows us to further scale our research and development efforts in addition to our recent Series A round.
We know software-defined interconnect changes the way data center and cloud connectivity solutions are delivered, managed and monetized and is set to take the industry by storm. 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.
"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."
In addition to the NSF award, we have also recently received a grant from The Colorado Economic Development Commission for $250,000. Called the Colorado Advanced Industry Award (AIA), this grant will provide funding for pre-commercialization research and commercialization preparation.
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.