Networking Startup Closes $1.4 Million

Stateless announced the completion of $1.4 million in seed financing, led by Speedinvest, with participation from Techstars Ventures, PV Ventures, Service Provider Capital, and EVO Venture Partners.

According to the startup, its platform technology offers firewalls and load balancers that are consumed through the SaaS model. Its network functions move networking infrastructures of all kinds into the cloud era, giving operators flexibility and functionality.