OIL:  BRENT - 62.13+2.37% WTI - 54.00+4.27%
COMEX:  GOLD - 1347.80+0.23% SILVER - 14.96+0.94%
COMEX:  PLATINUM - 801.60 +1.35%
LME:  ALUMINIUM - 1763.00+0.48% COPPER - 5876.00+1.49%
LME:  NICKEL - 11775.00-0.59% TIN - 18875.00-0.40%
LME:  LEAD - 1892.00+1.10% ZINC - 2476.00+1.96%
FOREX:  USD/JPY - 108.37+0.06% EUR/GBP - 0.8908-0.65%
FOREX:  EUR/USD - 1.1192-0.32% GBP/USD - 1.2559+0.30%
STOCKS RUS:  MICEX - % RTSI - 1359.23 +1.37%
STOCKS US: DOW JONES - 26465.54+1.35% NASDAQ - 7953.88+1.39%
STOCKS US: S&P 500 - 2917.75 +0.97%
STOCKS JAPAN:  NIKKEI - 21333.87 +1.72% TOPIX - 1555.27 +1.74%
STOCKS CHINA:  HANG SENG - 28202.14 +2.56% SSEC - 2917.80 +0.96%
STOCKS EUR:  FTSE100 - 7443.04+1.17% CAC40 - 5509.73+2.20%
STOCKS EUR:  DAX - 12331.75+2.03%
19/06/2019  CBA:  USD - 478.04 AMD +0.26 GBP - 601.18 AMD +2.81
19/06/2019  CBA:  EURO - 535.55 AMD +1.20
19/06/2019  CBA:  GOLD - 20615.67 AMD +11.98 SILVER - 228.93 AMD +1.89
19/06/2019  CBA:  PLATINUM - 12310.84 AMD +98.86
17/05/2016  NASDAQ OMX ARMENIA:   USD/AVG - 477.75 AMD -2.70
June, 2019
1
2
7
8
9
10
11
13
14
15
16
17
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.

Beeline Armenia - Telecommunication services for your business.
News Feed
AMD Rates
08:52 19/06 Buy Sell
AMD / USD 476.50 478.50
AMD / EUR 532.00 537.00
AMD / RUR 7.41 7.49
dollars
dollars
CBA Rates
19/06/2019
USD / AMD
478.04
+0.26
EUR / AMD
535.55
+1.20
RUR / AMD
7.47
+0.04
GBP / AMD
601.18
+2.81
Cryptocurrencies
10:50 19/06
BTC/AMD
4,378,383
-0.41%
BTC/USD
9164.01426318
-0.40%
ETH/USD
268.491954844
-0.50%
BCH/USD
414.625004792
-1.81%
XRP/USD
0.4310905307
-2.73%
LTC/USD
135.589090427
+2.92%
Capitalization
BTC
162,819,790,618
-0.39%
ETH
28,608,063,677
-0.49%
BCH
7,399,377,104
-1.80%
XRP
18,322,188,235
-2.73%
LTC
8,445,820,772
+2.95%
CBA Metals
19/06/2019
dram / gram
Gold
20615.67
+11.98
Silver
228.93
+1.89
Platinum
12310.84
+98.86
FOREX
08:52 19/06
EUR/USD
1.1192
-0.32%
GBP/USD
1.2559
+0.30%
USD/JPY
108.37
+0.06%
EUR/GBP
0.8908
-0.65%
Oil
08:52 19/06
$ / barrel
Brent
62.13
+2.37%
Light Sweet
54.00
+4.27%
COMEX
08:52 19/06
$ / tr. oz
Gold
1347.80
+0.23%
Silver
14.96
+0.94%
Platinum
801.60
+1.35%
LME / 3M
08:52 19/06
$ / tonne
Aluminium
1763.00
+0.48%
Copper
5876.00
+1.49%
Nickel
11775.00
-0.59%
Tin
18875.00
-0.40%
Lead
1892.00
+1.10%
Zinc
2476.00
+1.96%
Molybdenum
27293.00
+0.00%
Cobalt
28000.00
+0.00%
Indexes
08:52 19/06
point
Dow Jones
26465.54
+1.35%
S&P 500
2917.75
+0.97%
NASDAQ
7953.88
+1.39%
FTSE
7443.04
+1.17%
CAC 40
5509.73
+2.20%
DAX
12331.75
+2.03%
RTSI
1359.23
+1.37%
Nikkei
21333.87
+1.72%
Topix
1555.27
+1.74%
Hang Seng
28202.14
+2.56%
SSEC
2917.80
+0.96%
CBA Interest Rates
19/06/2019
Refinancing
Refinancing Rate
5.75
+0.00
Lombard Repo
Lombard Repo Rate
7.25
+0.00
Deposit
Deposit Rate
4.25
+0.00
Macroeconomy
04/2019
CEA
Coefficient of Economic Activity
+7.00%
Ind. Prod. 3
Volume of Industrial Production
573.6
+4.50%
Export 1
Экспорт
716.3
-8.6%
Import 1
Импорт
1,465.1
-1.90%
CPI
Consumer price index
+1.70%
Avg. Salary 2
Average salary
177,171
+6.20%
Services 3
Volume of services
575 50
+17.00%
Construction 3
Volume of construction
68.2
+8.00%
1 - mln AMD, 2 - AMD, 3 - bln AMD