NoviFlow Inc.

NoviFlow Inc. is a Montreal-based provider of innovative programmable networking solutions that enhance network management, optimization, and cybersecurity for service providers globally. Founded in 2012 in Montreal, Canada, NoviFlow Inc. specializes in programmable networking solutions.

The company has raised USD 8. 00 mn in total funding through four deals, with the latest round occurring on November 30, 2020, led by Fonds de Solidarité des Travailleurs du Québec. The company was co-founded by Omar Cherkaoui, who has a background in technology and entrepreneurship. Dominique Jodoin is the current CEO.

NoviFlow specializes in advanced programmable networking solutions, focusing on service programming, visibility, cybersecurity scaling, and service insertion at the network edge. Their core products include NoviMapper, a service programming platform for low-latency service chaining; NoviBroker for traffic aggregation and monitoring; and NoviFabric, designed for multi-access edge computing in 5G environments. These solutions cater to Communication Service Providers and Cybersecurity Solution Providers, and are deployed in North America, Europe, and Asia, enhancing clients' networking operations. NoviFlow generates revenue through direct sales and subscription-based services for its products like NoviMapper and NoviBroker.

The structure typically involves B2B partnerships, focusing on CSPs and cybersecurity firms, which engage NoviFlow for integration and technical support. Clients subscribe to software licenses that include ongoing updates, fostering long-term relationships, while training programs and tailored integration services diversify the company’s revenue streams. Looking ahead, NoviFlow intends to leverage its recent funding of USD 2. 00 mn to enhance its product offerings and expand into new markets.

The company is currently designing new solutions aimed at improving programmability and performance in networking. Targeted geographic expansion includes new deployments across Europe and parts of Asia by the end of 2021, with plans to strengthen partnerships with existing clients and attract new customers in those regions.