Juniper Networks has written a $405 million cheque for AI-powered networking startup Mist Systems.Mist has built what it calls the world’s first AI-driven wireless platform, which it says makes Wi-Fi more “predictable, reliable and measurable”.
Mist developed what it says is the networking industry’s only AI-driven virtual assistant, Marvis, to simplify wireless troubleshooting and give a detailed look into client and network behaviour.
Juniper said that the acquisition would expand Juniper’s presence in the rapidly growing cloud-managed segment of the wireless networking market.
Writing in his bog, Mist Systems CEO said that “by integrating Mist’s cloud-management and advanced AI engine into the balance of Juniper’s enterprise portfolio, we are setting ourselves up to continue to lead the transition to the software-defined enterprise.”
“Mist Systems is a great fit for Juniper and our enterprise customers,” said Rami Rahim, CEO of Juniper Networks in a statement. “Juniper and Mist share a common strategic goal. We believe in the Software-Defined Enterprise, and Mist’s focus on bringing AI to IT is consistent with our core belief that we need to simplify operations and improve the customer experience while lowering costs. With Mist, we are adding a market leading solution to complement our portfolio, drive the cloud transition within the enterprise and accelerate our enterprise growth.”
