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Robert Bosch Venture Capital invests in USD 6 million funding round of Sunlight

Virtualization Technology to Make High-Performance Cloud a Reality

  • Robert Bosch Venture Capital invests alongside OpenOcean
  • Sunlight’s virtualization technology is the solution for bottlenecks in applications like AI, analytics and big data caused by the massive upwards trend in data creation
  • “With Artificial Intelligence increasingly becoming an essential part of people’s life, Sunlight has great strategic relevance for Bosch to potentially streamline operations” says RBVC managing director Dr. Ingo Ramesohl

Aron Bahnmüller

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Aron Bahnmüller

Stuttgart, Germany – Robert Bosch Venture Capital GmbH (RBVC), the venture capital arm of the Bosch Group, has participated in a 6 million US Dollar financing round in Cambridge (UK) based Sunlight.io, investing together with OpenOcean, a pan-European early stage investor in B2B software that was founded by the early investors and founders of MySQL. The proceeds of the round will be used to scale the company’s business particularly in the US market.

As businesses increasingly rely upon data-intensive applications like analytics, big data and artificial intelligence (AI) to run their core business processes, Sunlight’s technology can cut the infrastructure costs of running these applications by 70%.
“While AI and IoT is increasingly becoming an essential part of people’s lives, companies like Bosch have to process unprecedented amounts of data” says RBVC Managing Director Dr. Ingo Ramesohl. “As Sunlight brings all the benefits of virtualization to any high-performance workload in the cloud as well as to applications at the edge, it has great strategic relevance for Bosch to streamline operations”.

Virtualization Technology Enables High-Performance Cloud

Despite significant advances in storage and networking hardware, existing cloud and virtualization technologies are not architected to support the digestion of massive amounts of data I/O necessary, and are too bloated to run in resource-constrained edge environments. This results in large overinvestments in IT infrastructure, and failed cloud migrations. And with data volumes forecast by IDC to increase 4x by 2025 and 75% of data collection forecast to move to the edge according to Gartner, Sunlight’s technology will become increasingly mission critical.

“Data volumes are skyrocketing. It’s not uncommon to see enterprises hike their infrastructure costs up to 10x for some data-intensive applications when they move to the cloud. Cloud has been instrumental in unlocking greater IT flexibility, and now we at Sunlight are equipping it to rise to the challenge of supporting the applications that consume that data.” says Sunlight Founder and CEO Julian Chesterfield, a virtualization pioneer. “By transforming cloud infrastructures, we’re allowing businesses to achieve huge efficiencies, cost savings and performance gains for today’s most highly demanding workloads – from genetic sequencing and automated drone monitoring to rendering hi-definition movies.”

World class team with game changing technology

Chesterfield was one of the architects of Xen virtualization, the original foundation of many of today’s most popular cloud services. “We are very impressed with what the team has been able to achieve so far and are excited to support them going forward” says Ramesohl. Chesterfield adds: “With RBVC as a global deep tech investor and OpenOcean as a leading European data infrastructure investor, we are well set up for rapid growth in 2021”.

Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and future relevance for Bosch, above all, automation and electrification, energy efficiency, enabling technologies, and healthcare systems. RBVC also invests in services and business models that are relevant to the above-mentioned areas of business. Furthermore, RBVC enables co-innovation between Bosch and startup through the Open Bosch Program.

Additional information is available at www.rbvc.com

About Sunlight
Sunlight makes performance possible anywhere - from the cloud to the edge. Demanding applications like AI, Big Data, Analytics and Rendering run 3x faster on Sunlight compared to legacy virtualisation, and because Sunlight has a tiny footprint - it’s perfect for the edge. Enterprises and MSPs use Sunlight to cut the costs of delivering high performance IT by 70%.

Find out more at https://sunlight.io

The Bosch Group is a leading global supplier of technology and services. It employs roughly 429,000 associates worldwide (as of December 31, 2023). The company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. With its business activities, the company aims to use technology to help shape universal trends such as automation, electrification, digitalization, connectivity, and an orientation to sustainability. In this context, Bosch’s broad diversification across regions and industries strengthens its innovativeness and robustness. Bosch uses its proven expertise in sensor technology, software, and services to offer customers cross-domain solutions from a single source. It also applies its expertise in connectivity and artificial intelligence in order to develop and manufacture user-friendly, sustainable products. With technology that is “Invented for life,” Bosch wants to help improve quality of life and conserve natural resources. The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. Bosch’s innovative strength is key to the company’s further development. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which nearly 48,000 are software engineers.

Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com.

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