Techstars graduate Stateless raises $1.4 million in seed round

BOULDER — Techstars graduate Stateless has raised $1.4 million in a seed stage funding round.

The round was led by European VC Speedinvest, with additional funding from EVO Venture Partners, Techstars, PV Ventures, Service Provider Capital and angel investors.

Boulder-based Stateless developed technology to allow network functions to be offered through the “as-a-service” model.

Stateless’ technology provides network functions, such as firewall protection and intrusion detection, but is deployed in a way that prevents disruption and network failure.

The technology was developed by way of research at University of Colorado Boulder.…