US-based networking technology developer Mode emerged from stealth on Thursday with $16m in series B funding co-led by GV, the early-stage investment arm of conglomerate Alphabet, and New Enterprise Associates (NEA), according to TechCrunch.

Founded in 2013 as Waltz Networks, Mode has developed technology to set up self-managing software-defined wide area networks.

The technology has applications in spaces such as interactive streaming, multiplayer gaming, real-time machine learning and remote command and control.

The company is exploiting research undertaken at Cornell University by Kevin Tang, associate professor of electrical and computer engineering, and Nithin Michael, who gained a PhD in the same discipline in 2013.

NEA previously supplied approximately $6.8m in series A capital in 2016.

– This story first appeared on our sister site, Global Corporate Venturing.

US-based networking technology developer Mode emerged from stealth on Thursday with $16m in series B funding co-led by GV, the early-stage investment arm of conglomerate Alphabet, and New Enterprise Associates (NEA), according to TechCrunch.

Founded in 2013 as Waltz Networks, Mode has developed technology to set up self-managing software-defined wide area networks.

The technology has applications in spaces such as interactive streaming, multiplayer gaming, real-time machine learning and remote command and control.

The company is exploiting research undertaken at Cornell University by Kevin Tang, associate professor of electrical and computer engineering, and Nithin Michael, who gained a PhD in the same discipline in 2013.

NEA previously supplied approximately $6.8m in series A capital in 2016.