Algoblu announced its Network Element Virtualization (NEV) platform that virtualizes and orchestrates underlying network resources to help carriers offer more application-oriented customized services to both commercial and residential customers. Thanks to the new FPGA-based technology, the cost per bit decreases by more than four times and operation efficiency increases three times. 

Benefits include improved bandwidth efficiency and network security, multi-cloud access, simplified network provisioning and troubleshooting. Targeted customers are in cloud gaming, 4k/8K streaming, video conferencing, industrial IoT and other industries that require guaranteed network SLAs.  

"We are pleased to collaborate with Algoblu to develop a Network Element Virtualization chip built on leading-edge FPGA technology. The chip is key to Algoblu's NEV architecture with an FPGA-based SMartNIC, all developed in an elegant way," says Dr. Endric Schubert, CTO at Missing Link Electronics.

"Algoblu's Network Element Virtualization technology allows carriers to provide services across complex networks and, more than this, offer different classes of network services in a simple way, customized for our customers' needs and their applications' requirements," said Jordan Deng, founder and CEO of CIK Telecom, the third largest independent service provider in Canada.

"Most vendors focus on managing existing network resources. We virtualize and orchestrate underlying  network resources, which is a different approach that benefits telecom companies directly," said Lawrence Lee, founder and CEO of Algoblu. "We know how challenging it is for telcos to provide services across multi-vendor networks. With NEV, they can virtualize existing network infrastructures to be one, providing personalized multi-tier services with different encryption, bandwidth and latency, as well as guaranteed SLAs."