Telstra Ventures looks set to exit Stanford spinout Uhana in an an acquisition of undisclosed size by VMware.
Software virtualisation company VMware has announced its intention to buy Uhana, a US-based network automation software spinout of Stanford University, for an undisclosed amount.
Uhana has developed cloud-based software that enables operators to predict anomalies in network operations and applications by leveraging artificial intelligence and machine learning technology.
VMware said it will add the technology to its telecoms cloud and edge cloud product portfolio in order to help operators cope with 5G networks and low latency applications that require large amounts of data to be processed in real time, such as cloud gaming, virtual reality, augmented reality and internet-of-things systems.
Telecoms firm Telstra’s corporate venturing subsidiary, Telstra Ventures, invested an undisclosed amount in Uhana in a 2016 deal that involved Telstra Ventures managing director Mark Sherman joining the company’s board of directors as an observer.
Venture capital firm New Enterprise Associates also lists Uhana in its…
