Kaloom's US$21 million funding to hasten Network Transformation, 5G-Edge Deployments

KUALA LUMPUR, Sept 9 (Bernama) -- Kaloom™ announced it has secured an additional US$21 million from the Quebec government and current investor, Alternative Capital Group (ACG), who matched the government of Quebec’s investment. (US$1 = RM4.496)

This latest investment will support Kaloom's go-to-market strategy and extend its current heterogeneous hardware strategy by supporting additional platforms like SmartNICs and Servers, according to a statement. 

The latest cash infusion will also allow Kaloom to ramp up sales, and help its global service provider customers benefit from burgeoning Network transformation and 5G-Edge market opportunities.

“With this investment, we can harness our momentum and continue to serve our global customers while expanding into new markets,” said Kaloom Founder and Chief Executive Officer, Laurent Marchand.

ACG's participation in this latest financing round is a strong vote of confidence in Kaloom's ability to execute on its vision. In addition to financial support, ACG brings a wealth of experience and resources that are invaluable to Kaloom’s continued business growth.

“ACG is proud to support Kaloom’s continued business growth as the company realises the vision it set out to achieve,” said Nicolas Beauchamp, ACG.

This latest cash infusion strengthens Kaloom’s standing as an emerging leader providing fully programmable and automated cloud-native solutions that simplify management and save costs in complex distributed edge networks.

Kaloom works with service providers around the globe and plans to expand in Japan, recently registering its business in the country.

More details at www.kaloom.com.

-- BERNAMA