{"id":34295,"date":"2021-11-03T11:32:20","date_gmt":"2021-11-03T11:32:20","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=81857"},"modified":"2021-11-03T11:32:20","modified_gmt":"2021-11-03T11:32:20","slug":"mimik-technology-closes-14-3-million-extended-series-a-funding-round-led-by-pier-88","status":"publish","type":"post","link":"https:\/\/southafricajournal.com\/mimik-technology-closes-14-3-million-extended-series-a-funding-round-led-by-pier-88\/","title":{"rendered":"mimik Technology Closes $14.3 Million Extended Series A Funding Round Led by Pier 88"},"content":{"rendered":"
\n

mimik\u2019s hybrid edgeCloud platform is poised to revolutionize the delivery of microservices for applications in industries such as healthcare, automotive, manufacturing, logistics, retail, and banking<\/h4>\n

SAN FRANCISCO, Nov. 03, 2021 (GLOBE NEWSWIRE) — mimik Technology, Inc., a pioneer in hybrid edge cloud technology and business solutions, today announced a $14.3 million Series A funding round led by Pier 88 Investment Partners, a San Francisco-based alternative investment management firm. Other participants include Cathie Wood, Founder, CIO and CEO of ARK Invest and member of the mimik Board of Directors, along with existing investors Primera Capital and NLabs. mimik plans to use the funds to expand its global go-to-market operations including sales, solutions delivery, developer outreach, technical training, and partnership development.<\/p>\n

mimik\u2019s hybrid edgeCloud platform transforms cloud applications from a fixed client-server architecture\u2014where server functionality is limited to servers in data centers and gateways\u2014to a fully distributed architecture, enabling billions of smart client devices to act as servers and delivering nearly endless scalability. The mimik platform enables heterogeneous applications, processes, and devices to autonomously communicate in clusters on the edge regardless of their operating system or network. Because\u00a0data is processed at the edge, mimik\u2019s platform requires significantly less bandwidth and power, reduces cloud hosting costs, is more resilient than traditional client-server architecture, and offers much higher levels of data privacy and security.<\/p>\n

\u201cWe have spent nearly a decade in R&D, building a platform to address the six major concerns of most developers: speed, cost, security, data privacy, interoperability, and scale,\u201d said mimik Founder and CEO Fay Arjomandi. \u201cThe mimik platform offers a strong foundation to build sustainable edge cloud services to help accelerate digital transformation and power the hyper-connected digital economy.\u201d<\/p>\n

\u201cHaving invested in next-generation technologies like mobility, cloud computing, and cyber security for nearly two decades, our team is excited about the compelling growth opportunities we see in edge computing,\u201d says\u00a0Frank Timons,\u00a0Founder and CEO of Pier 88 Investment Partners. \u201cmimik\u2019s technology lead and seasoned executive team position the company to capitalize on the next wave of growth for the computing industry as its nuanced device microservice architecture enhances security and privacy while reducing costs of traditional cloud computing solutions.\u201d<\/p>\n

\u201cPrimera Capital has funded some of the world\u2019s most transformative technology companies over the past two decades,\u201d said Ori Sasson, General Partner, Primera Capital. \u201cWe invest in extraordinary products, opportune markets, and daring entrepreneurs with unwavering visions, and with the disruptive potential of their edge platform and strong leadership team, mimik aligns with these key criteria.\u201d<\/p>\n

\u201cWe\u2019re thrilled to be working with funding partners such as Pier88, NLabs, Primera Capital and others. They understand the essential benefits of the mimik hybrid edgeCloud platform and the massive market opportunity ahead,\u201d said Siavash Alamouti, Executive Chairman of mimik. \u201cWe\u2019re in the midst of a massive transformation across all industries. The burgeoning hyper-connected economy will be orders of magnitude larger than mobile internet, and mimik\u2019s platform will help accelerate this technology revolution and in a much more sustainable way.\u201d<\/p>\n

To drive the adoption of hybrid edge cloud computing, mimik has established strategic partnerships with leading cloud companies such as Amazon Web Services (AWS) and IBM and technology services companies such as Tata Elxsi. The platform has been successfully used to complete digital transformation with a number of companies with impressive results and is now being used by many early-adopter customers and partners. For more information on mimik\u2019s hybrid edgeCloud platform, available edge-based microservices, and digital transformation services, visit mimik.com<\/a>.<\/p>\n

About mimik<\/strong>
\n
mimik<\/a>\u00a0provides a hybrid edge cloud computing application development platform and business enablers for digital transformation. Developers and enterprises can achieve their business objectives without compromising time to market, cost, scalability, interoperability, data privacy and security, and being locked in proprietary technology stacks. mimik enables hybrid edge native application development that works across ecosystems of devices (iOS, Android, Windows, macOS, Linux, QNX, Raspbian, OpenWRT and smart IoT FreeRTOS sensors), networks, and any private and\/or public cloud. The mimik platform is the fastest and most direct way of connecting siloed and fragmented applications from the edge with minimal reliance on middlemen. We can help enterprises save millions of dollars in legacy backend integration while reducing their ongoing operational costs through an edge-in approach. mimik enables systematic digital transformation for a sustainable digital economy to help enterprises secure business leadership in the hyper-connected world. For more information, visit: https:\/\/mimik.com<\/a>\u00a0and\u00a0https:\/\/developer.mimik.com<\/a><\/p>\n

Media Contact:<\/strong>
\nBeth Morrissey
\n
PR@mimik.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

mimik\u2019s hybrid edgeCloud platform is poised to revolutionize the delivery of microservices for applications in industries such as healthcare, automotive, manufacturing, logistics, retail, and banking SAN FRANCISCO, Nov. 03, 2021 (GLOBE NEWSWIRE) \u2014 mimik Technology, Inc., a pioneer in hybrid edge cloud technology and business solutions, today announced a $14.3 million Series A funding round [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"yoast_head":"\nmimik Technology Closes $14.3 Million Extended Series A Funding Round Led by Pier 88 - South Africa Journal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southafricajournal.com\/mimik-technology-closes-14-3-million-extended-series-a-funding-round-led-by-pier-88\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"mimik Technology Closes $14.3 Million Extended Series A Funding Round Led by Pier 88 - 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