OIL:  BRENT - 62.30-1.58% WTI - 56.89-1.80%
COMEX:  GOLD - 1470.90+0.15% SILVER - 17.01+0.41%
COMEX:  PLATINUM - 898.50 +0.71%
LME:  ALUMINIUM - 1745.00+0.00% COPPER - 5835.00+0.00%
LME:  NICKEL - 15025.00+0.00% TIN - 16275.00+0.00%
LME:  LEAD - 2009.00+0.00% ZINC - 2385.50+0.00%
FOREX:  USD/JPY - 108.60-0.18% EUR/GBP - 0.8548-0.06%
FOREX:  EUR/USD - 1.1073+0.11% GBP/USD - 1.2954+0.15%
STOCKS RUS:  MICEX - % RTSI - 1443.02 -0.44%
STOCKS US: DOW JONES - 28036.22+0.11% NASDAQ - 8549.94+0.11%
STOCKS US: S&P 500 - 3122.03 +0.05%
STOCKS JAPAN:  NIKKEI - 23292.65 -0.53% TOPIX - 1696.73 -0.23%
STOCKS CHINA:  HANG SENG - 27093.80 +1.55% SSEC - 2933.99 +0.85%
STOCKS EUR:  FTSE100 - 7307.70+0.07% CAC40 - 5929.79-0.16%
STOCKS EUR:  DAX - 13207.01-0.26%
19/11/2019  CBA:  USD - 476.98 AMD -0.59 GBP - 617.88 AMD +3.10
19/11/2019  CBA:  EURO - 527.92 AMD +1.64
19/11/2019  CBA:  GOLD - 22506.8 AMD -12.48 SILVER - 257.56 AMD -4.00
19/11/2019  CBA:  PLATINUM - 13602.38 AMD +213.49
17/05/2016  NASDAQ OMX ARMENIA:   USD/AVG - 477.75 AMD -2.70
November, 2019
1
2
3
9
10
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
IMG grantee XCloud Networks: We are taking steps to establish our presence in EU market
19/11/2018 15:50

IMG grantee XCloud Networks: We are taking steps to establish our presence in EU market

Since 2017 “Support to SME Development in Armenia” (EU-SMEDA) project, which is co-funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ PSD SC Regional Programme, in cooperation with Enterprise Incubator Foundation (EIF), has been supporting Armenian startups with two grant competitions.

Being a part of the EU4Business and EU4Innovation Initiatives, EU-SMEDA provides 2 types of grants: Innovation Matching Grant (IMG) and Science and Technology Entrepreneurship (STEP).

With a series of articles, we will be exploring startups that received grant in the framework of the EU-SMEDA project.

XCloud Networks fully automates the deployment and management of network infrastructure, enabling companies to own their network stack: be vendor-agnostic, reduce CapEx (capital expenditure), increase stability.

Based in Sunnyvale, California with an office in Armenia and 14 employees, XCloud Networks received Innovation Matching Grant (IMG) in 2017. The financial support helped the team speed up product development and hire new people.

The startup’s co-founder and CEO Alex Saroyan has been engaged in network service for 18 years and worked as a consultant with foreign companies. While spending most of his career in managing roles, Alex managed to get hands-on engineering and coding experience, detailed knowledge of the ins and outs of networking protocols and practical challenges. He decided to establish a startup with his two friends to help fast-growing companies have highly automated, agile and cost-efficient network infrastructure.

Touching upon the uniqueness of his startup’s technology, Saroyan explains that with XCloud Networks it takes maximum 3 months for companies to facilitate their transition into open networking.

“It sharply contrasts with “vendor lock-in” or proprietary approaches, unlocks network stack and unlike competitors provides all the required applications in easy to manage and ready to use fashion (Security, VPN, load balancer, BGP peering, L2/L3 circuits, routing on the host, cross-connects, monitoring, logging, analytics, in system software upgrade, etc). That enables companies to scale 10X with existing human resources and save 20X on total cost. Moreover, only five-hour training is required for engineers to run XCloud Networks’ solution”, he notes.

For XCloud Networks the EU market is a potential region for growth. Notably, the startup is already taking steps to establish its presence there. At the moment, it has a Netherlands-based partner and two customers from EU countries.

According to Alex Saroyan, one of the main challenges of being a startup in Armenia is keeping pace with the ever-changing and evolving tech industry needs.

“You need to make sure you develop new features and keep them updated. Although we are an early stage startup, our dedicated team and the technology developed helped us face this challenge and have paying-customers from California and Europe. It’s worth mentioning that one of our customers is Innova, a leading online gaming platform with more than 25 million active users, which swapped Cisco, Juniper and F5 for XCloud Networks. It’s really a successful case in the industry”, he stated.

While talking about the short-term goals of the startup, Alex Saroyan informed that they are planning to bring in automation every aspect of networking and evolve the necessary foundations to deliver self-operating networks with AI-based intelligence.

News Feed
AMD Rates
08:41 19/11 Buy Sell
AMD / USD 476.00 478.00
AMD / EUR 526.00 530.00
AMD / RUR 7.43 7.48
dollars
dollars
CBA Rates
19/11/2019
USD / AMD
476.98
-0.59
EUR / AMD
527.92
+1.64
RUR / AMD
7.49
+0.01
GBP / AMD
617.88
+3.10
Cryptocurrencies
10:50 19/11
BTC/AMD
3,935,563
-3.51%
BTC/USD
8240.80832245
-3.51%
ETH/USD
178.458411765
-3.31%
BCH/USD
246.722484325
-7.39%
XRP/USD
0.2527799043
-3.91%
LTC/USD
56.7530665474
-4.44%
Capitalization
BTC
148,793,356,807
-3.51%
ETH
19,382,188,773
-3.30%
BCH
4,470,855,054
-7.38%
XRP
10,945,340,917
-3.91%
LTC
3,615,805,024
-4.43%
CBA Metals
19/11/2019
dram / gram
Gold
22506.8
-12.48
Silver
257.56
-4.00
Platinum
13602.38
+213.49
FOREX
08:41 19/11
EUR/USD
1.1073
+0.11%
GBP/USD
1.2954
+0.15%
USD/JPY
108.60
-0.18%
EUR/GBP
0.8548
-0.06%
Oil
08:41 19/11
$ / barrel
Brent
62.30
-1.58%
Light Sweet
56.89
-1.80%
COMEX
08:41 19/11
$ / tr. oz
Gold
1470.90
+0.15%
Silver
17.01
+0.41%
Platinum
898.50
+0.71%
LME / 3M
08:41 19/11
$ / tonne
Aluminium
1745.00
+0.00%
Copper
5835.00
+0.00%
Nickel
15025.00
+0.00%
Tin
16275.00
+0.00%
Lead
2009.00
+0.00%
Zinc
2385.50
+0.00%
Molybdenum
20503.00
+6.90%
Cobalt
36500.00
+0.00%
Indexes
08:41 19/11
point
Dow Jones
28036.22
+0.11%
S&P 500
3122.03
+0.05%
NASDAQ
8549.94
+0.11%
FTSE
7307.70
+0.07%
CAC 40
5929.79
-0.16%
DAX
13207.01
-0.26%
RTSI
1443.02
-0.44%
Nikkei
23292.65
-0.53%
Topix
1696.73
-0.23%
Hang Seng
27093.80
+1.55%
SSEC
2933.99
+0.85%
CBA Interest Rates
19/11/2019
Refinancing
Refinancing Rate
5.50
+0.00
Lombard Repo
Lombard Repo Rate
7.00
+0.00
Deposit
Deposit Rate
4.00
+0.00
Macroeconomy
09/2019
CEA
Coefficient of Economic Activity
+7.10%
Ind. Prod. 3
Volume of Industrial Production
1,444.4
+9.70%
Export 1
Экспорт
1,909.2
+7.90%
Import 1
Импорт
3,730.4
+4.70%
CPI
Consumer price index
+1.60%
Avg. Salary 2
Average salary
178,633
+5.90%
Services 3
Volume of services
1,476.8
+15.50%
Construction 3
Volume of construction
251,836
+4.40%
1 - mln AMD, 2 - AMD, 3 - bln AMD