Maranti had initially expected to launch its monster 400-plus port switch last October, but has constantly pushed back the deadline (see Maranti Makes a Monster). Now, however, Maranti insists that it is getting really close. Mullikin says the company should launch the switch within the next 60 days, and that it will definitely start shipping by the end of this year.
And last weeks layoff isnt going to slow the company down, says Harish Nayak, Maranti founder and VP of marketing. There is absolutely no change in product traction, he says, insisting that the company already has a number of beta customers testing the new switch. We are moving forward as aggressively as we were before the layoff.
The question, of course, is whether the company has enough cash hidden in its mattress to last it that long. Maranti was founded in October 2000 with $6 million in funding from Alliance Ventures. Then, in December 2001, the company received an additional $25 million round from Menlo Ventures and Trinity Ventures (see Maranti Scores $25 Million).
Last summer, Marantis director of product marketing Rick Walsworth said the funding should last "well beyond its launch and into its first quarters of revenue." (See Maranti's Momentum Flags.)
But that was back when Maranti thought its switch would reach GA by October 2002. While many of the companys intelligent switch startup competitors have been busy raking in piles of new funding over recent months, rumor has it that Maranti only has about two months of funding left (see Can $35M Save Sanera?, Can Troika Triumph on Take Two?, and Acopia Gets $30M Cornucopia). Slashing jobs could be a last desperate attempt to keep its head above water.
To realize the benefits of cloud-native software, an application must actually be cloud-native—designed to run in the cloud, interacting with disaggregated cloud services, fully manageable as code—to deliver the expected benefits.
By combining resources and expertise, the AI-Enabled ICT Workforce Consortium will offer a blueprint for how industries can adapt to an AI-dominated future.
IT leaders should heed the guidance of cybersecurity insurance providers who think businesses should prioritize security education, incident preparedness, regular internal audits, and ongoing vulnerability scanning and patching.
