Technology
iHuman Inc. Announces First Quarter 2024 Unaudited Financial Results
Published
2 years agoon
By
BEIJING, June 28, 2024 /PRNewswire/ — iHuman Inc. (NYSE: IH) (“iHuman” or the “Company”), a leading provider of tech-powered, intellectual development products in China, today announced its unaudited financial results for the first quarter ended March 31, 2024.
First Quarter 2024 Highlights
Revenues were RMB235.0 million (US$32.5 million), compared with RMB265.2 million in the same period last year.Gross profit was RMB168.1 million (US$23.3 million), compared with RMB185.6 million in the same period last year.Operating income was RMB17.5 million (US$2.4 million), compared with RMB56.7 million in the same period last year.Net income was RMB22.3 million (US$3.1 million), compared with RMB53.6 million in the same period last year.Average total MAUs[1] reached a record-high of 26.38 million, a year-over-year increase of 25.1%.
[1] “Average total MAUs” refers to the monthly average of the sum of the MAUs of each of the Company’s apps during a specific period, which is counted based on the number of unique mobile devices through which such app is accessed at least once in a given month, and duplicate access to different apps is not eliminated from the total MAUs calculation.
Dr. Peng Dai, Director and Chief Executive Officer of iHuman, commented, “We started 2024 on a positive note, as our team precisely and efficiently executed our product roadmap to ensure our continued leadership in capturing user engagement. Central to our industry-leading product offerings are our high-quality content and advanced technological capabilities. In the first quarter, we continued to drive meaningful enhancements to our portfolio by leveraging these two strengths. Specifically, we intensified efforts to enhance our AI technologies and deepened their integration into our products to provide more dynamic and personalized experiences for our users. In June, we launched a brand-new product, iHuman Smart Coder, a full-year course developed and designed by iHuman’s stellar team that was led by graduates from Tsinghua University. This course is designed to foster a scientific mindset and digital literacy for children by blending curated content with innovative, exploratory, interactive, and immersive activities. With a scientifically-structured curriculum benchmarked against accredited proficiency exams, the course aims to transform kids from coding novices to proficient problem solvers prepared for a digitalized future. It also offers kids comprehensive support through a three-tiered system: a chatbot for immediate queries, a real-time code debugging feature powered by our proprietary large language model, and personalized guidance from seasoned instructors. We are confident that this course will equip the young minds with the skills and confidence to navigate an ever-evolving futuristic world.
We have also enriched our existing products with more AI-enabled experiences. Within iHuman Magic Thinking, we introduced “Challenge”, a new AI-powered feature that focuses on number literacy. Leveraging advanced AI algorithms, the new feature dynamically adapts the difficulty of questions to users’ level, ensuring that young learners remain appropriately challenged. This facilitates effective practice while preventing kids from becoming excessively frustrated, thus maintaining their engagement and enthusiasm.
Beyond our domestic efforts, expanding our presence in international markets continues to be our strategic priority. Adhering to our product-driven strategy, we continued to drive market penetration by strengthening our product pipeline to meet the unique needs of international users. We recently expanded the Aha World brand with Aha Makeover, a customizable, DIY-fashion design app that offers young children a dynamic platform to unlock their creativity through personalized virtual styling experiences. Kids can choose from a diverse array of avatars, personalize their hairstyles, decorate their avatar with different accessories, and experiment with an extensive wardrobe for various occasions. Our cutting-edge AR technology then seamlessly integrates virtual and physical elements, offering kids an interactive experience where their creations come to life.
Furthermore, we are making more selected domestic products which we believe have cross-border appeal and audiences available beyond the Chinese mainland market. For example, we have recently rolled out bekids Library, the adapted version of iHuman Readers, a comprehensive leveled English reading app that we collaborate on with Oxford University Press. Now available in Macau and Taiwan, it offers a curated collection of more than 1,000 graded readers from Oxford University Press and caters to different proficiency levels and interests. bekids Library also allows kids to record and listen their independent reading, personalizing the reading experience for every child.
Moving forward, our focus remains on enhancing our core competencies and creating high-quality and popular products to promote the holistic development of young children.”
Ms. Vivien Weiwei Wang, Director and Chief Financial Officer of iHuman, added, “Throughout the first quarter, our steadfast commitment to product excellence continued to propel our business forward. Supported by high levels of user satisfaction and loyalty, our average total MAUs reached a record-high of 26.38 million, representing a year-over-year increase of 25.1%. Additionally, we recorded profitability for the ninth consecutive quarter. With ongoing profitability and healthy cash reserves, we have stepped up investments in several key strategic priorities. These include advancing AI research and development to elevate product value and user experience, expanding our product range to cater to a broader age demographic and increase total addressable market, and intensifying international marketing efforts to bolster our brand recognition globally. While these increased investments may temporarily impact our short-term profitability, we believe they are crucial for reinforcing our industry leadership, sustaining our long-term growth, and creating long-term value for our shareholders.”
First Quarter 2024 Unaudited Financial Results
Revenues
Revenues were RMB235.0 million (US$32.5 million), a decrease of 11.4% from RMB265.2 million in the same period last year, primarily reflecting the ongoing normalization from the exceptional performance in the same period last year, which was caused by a heightened demand driven by more indoor activities during the pandemic.
Average total MAUs for the quarter reached a record-high of 26.38 million, an increase of 25.1% year-over-year from 21.09 million in the same period last year.
Cost of Revenues
Cost of revenues was RMB66.9 million (US$9.3 million), a decrease of 16.0% from RMB79.6 million in the same period last year, primarily due to decreased channel costs.
Gross Profit and Gross Margin
Gross profit was RMB168.1 million (US$23.3 million), compared with RMB185.6 million in the same period last year. Gross margin was 71.5%, compared with 70.0% in the same period last year.
Operating Expenses
Total operating expenses were RMB150.6 million (US$20.9 million), an increase of 16.9% from RMB128.8 million in the same period last year.
Research and development expenses were RMB67.9 million (US$9.4 million), an increase of 10.1% year-over-year from RMB61.7 million in the same period last year, primarily due to increased payroll related expenses.
Sales and marketing expenses were RMB55.0 million (US$7.6 million), an increase of 36.0% from RMB40.4 million in the same period last year, primarily due to increased strategic spending on promotional activities, brand enhancement, and overseas expansion.
General and administrative expenses were RMB27.7 million (US$3.8 million), compared with RMB26.7 million in the same period last year.
Operating Income
Operating income was RMB17.5 million (US$2.4 million), compared with RMB56.7 million in the same period last year.
Net Income
Net income was RMB22.3 million (US$3.1 million), compared with RMB53.6 million in the same period last year.
Basic and diluted net income per ADS were RMB0.42 (US$0.06) and RMB0.41 (US$0.06), respectively, compared with RMB1.01 and RMB0.98 in the same period last year. Each ADS represents five Class A ordinary shares of the Company.
Deferred Revenue and Customer Advances
Deferred revenue and customer advances were RMB313.8 million (US$43.5 million) as of March 31, 2024, compared with RMB318.6 million as of December 31, 2023.
Cash, Cash Equivalents and Time Deposits
Cash, cash equivalents and time deposits were RMB1,131.3 million (US$156.7 million) as of March 31, 2024, compared with RMB1,213.8 million as of December 31, 2023. The decrease was primarily due to the payment of annual bonuses to employees in the first quarter.
Exchange Rate Information
The U.S. dollar (US$) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the reader. The conversion of Renminbi (RMB) into US$ in this press release is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 29, 2024, which was RMB7.2203 to US$1.00. The percentages stated in this press release are calculated based on the RMB amounts.
Non-GAAP Financial Measures
iHuman considers and uses non-GAAP financial measures, such as adjusted operating income, adjusted net income and adjusted diluted net income per ADS, as supplemental metrics in reviewing and assessing its operating performance and formulating its business plan. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). iHuman defines adjusted operating income, adjusted net income and adjusted diluted net income per ADS as operating income, net income and diluted net income per ADS excluding share-based compensation expenses, respectively. Adjusted operating income, adjusted net income and adjusted diluted net income per ADS enable iHuman’s management to assess its operating results without considering the impact of share-based compensation expenses, which are non-cash charges. iHuman believes that these non-GAAP financial measures provide useful information to investors in understanding and evaluating the Company’s current operating performance and prospects in the same manner as management does, if they so choose.
Non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools, which possibly do not reflect all items of expense that affect our operations. Share-based compensation expenses have been and may continue to be incurred in our business and are not reflected in the presentation of the non-GAAP financial measures. In addition, the non-GAAP financial measures iHuman uses may differ from the non-GAAP measures used by other companies, including peer companies, and therefore their comparability may be limited. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from or as a substitute for the financial information prepared and presented in accordance with GAAP.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about iHuman’s beliefs and expectations, are forward-looking statements. Among other things, the description of the management’s quotations in this announcement contains forward-looking statements. iHuman may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: iHuman’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users, convert non-paying users into paying users and increase the spending of paying users, the trends in, and size of, the market in which iHuman operates; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; regulatory environment; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in iHuman’s filings with the SEC. All information provided in this press release is as of the date of this press release, and iHuman does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
About iHuman Inc.
iHuman Inc. is a leading provider of tech-powered, intellectual development products in China that is committed to making the child-upbringing experience easier for parents and transforming intellectual development into a fun journey for children. Benefiting from a deep legacy that combines over two decades of experience in the parenthood industry, superior original content, advanced high-tech innovation DNA and research & development capabilities with cutting-edge technologies, iHuman empowers parents with tools to make the child-upbringing experience more efficient. iHuman’s unique, fun and interactive product offerings stimulate children’s natural curiosity and exploration. The Company’s comprehensive suite of innovative and high-quality products include self-directed apps, interactive content and smart devices that cover a broad variety of areas to develop children’s abilities in speaking, critical thinking, independent reading and creativity, and foster their natural interest in traditional Chinese culture. Leveraging advanced technological capabilities, including 3D engines, AI/AR functionality, and big data analysis on children’s behavior & psychology, iHuman believes it will continue to provide superior experience that is efficient and relieving for parents, and effective and fun for children, in China and all over the world, through its integrated suite of tech-powered, intellectual development products.
For more information about iHuman, please visit https://ir.ihuman.com/.
For investor and media enquiries, please contact:
iHuman Inc.
Mr. Justin Zhang
Investor Relations Director
Phone: +86 10 5780-6606
E-mail: ir@ihuman.com
Christensen
In China
Ms. Alice Li
Phone: +86-10-5900-1548
E-mail: alice.li@christensencomms.com
In the US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: linda.bergkamp@christensencomms.com
iHuman Inc.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)
except for number of shares, ADSs, per share and per ADS data)
December 31,
March 31,
March 31,
2023
2024
2024
RMB
RMB
US$
ASSETS
Current assets
Cash and cash equivalents
1,213,767
890,805
123,375
Time deposits
–
240,521
33,312
Accounts receivable, net
60,832
68,068
9,427
Inventories, net
16,518
17,247
2,389
Amounts due from related parties
1,810
2,850
395
Prepayments and other current assets
89,511
93,567
12,959
Total current assets
1,382,438
1,313,058
181,857
Non-current assets
Property and equipment, net
6,169
5,504
762
Intangible assets, net
23,245
22,080
3,058
Operating lease right-of-use assets
3,648
3,235
448
Long-term investment
26,333
26,333
3,647
Other non-current assets
8,662
8,286
1,146
Total non-current assets
68,057
65,438
9,061
Total assets
1,450,495
1,378,496
190,918
LIABILITIES
Current liabilities
Accounts payable
22,139
21,556
2,985
Deferred revenue and customer advances
318,587
313,790
43,459
Amounts due to related parties
4,428
22,710
3,145
Accrued expenses and other current liabilities
143,677
94,054
13,026
Dividend payable
–
37,525
5,197
Current operating lease liabilities
1,927
1,823
252
Total current liabilities
490,758
491,458
68,064
Non-current liabilities
Non-current operating lease liabilities
1,933
1,495
207
Total non-current liabilities
1,933
1,495
207
Total liabilities
492,691
492,953
68,271
SHAREHOLDERS’ EQUITY
Ordinary shares (par value of US$0.0001 per share,
700,000,000 Class A shares authorized as of
December 31, 2023 and March 31, 2024; 125,122,382
Class A shares issued and 119,704,787 outstanding as
of December 31, 2023; 125,122,382 Class A shares
issued and 119,284,712 outstanding as of March 31,
2024; 200,000,000 Class B shares authorized,
144,000,000 Class B ordinary shares issued and
outstanding as of December 31, 2023 and March 31,
2024; 100,000,000 shares (undesignated) authorized,
nil shares (undesignated) issued and outstanding as of
December 31, 2023 and March 31, 2024)
185
185
26
Additional paid-in capital
1,088,628
994,532
137,741
Treasury stock
(16,665)
(17,922)
(2,482)
Statutory reserves
8,164
8,164
1,131
Accumulated other comprehensive income
17,955
18,745
2,596
Accumulated deficit
(140,463)
(118,161)
(16,365)
Total shareholders’ equity
957,804
885,543
122,647
Total liabilities and shareholders’ equity
1,450,495
1,378,496
190,918
iHuman Inc.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)
except for number of shares, ADSs, per share and per ADS data)
For the three months ended
March 31,
March 31,
March 31,
2023
2024
2024
RMB
RMB
US$
Revenues
265,203
235,003
32,548
Cost of revenues
(79,636)
(66,892)
(9,264)
Gross profit
185,567
168,111
23,284
Operating expenses
Research and development expenses
(61,673)
(67,923)
(9,407)
Sales and marketing expenses
(40,435)
(54,995)
(7,617)
General and administrative expenses
(26,735)
(27,724)
(3,840)
Total operating expenses
(128,843)
(150,642)
(20,864)
Operating income
56,724
17,469
2,420
Other income, net
6,082
9,010
1,248
Income before income taxes
62,806
26,479
3,668
Income tax expenses
(9,160)
(4,177)
(579)
Net income
53,646
22,302
3,089
Net income per ADS:
– Basic
1.01
0.42
0.06
– Diluted
0.98
0.41
0.06
Weighted average number of ADSs:
– Basic
52,953,297
52,729,148
52,729,148
– Diluted
54,763,570
54,691,599
54,691,599
Total share-based compensation expenses included in:
Cost of revenues
98
40
6
Research and development expenses
638
457
63
Sales and marketing expenses
379
46
6
General and administrative expenses
1,292
301
42
iHuman Inc.
UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS
(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)
except for number of shares, ADSs, per share and per ADS data)
For the three months ended
March 31,
March 31,
March 31,
2023
2024
2024
RMB
RMB
US$
Operating income
56,724
17,469
2,420
Share-based compensation expenses
2,407
844
117
Adjusted operating income
59,131
18,313
2,537
Net income
53,646
22,302
3,089
Share-based compensation expenses
2,407
844
117
Adjusted net income
56,053
23,146
3,206
Diluted net income per ADS
0.98
0.41
0.06
Impact of non-GAAP adjustments
0.04
0.01
0.00
Adjusted diluted net income per ADS
1.02
0.42
0.06
Weighted average number of ADSs – diluted
54,763,570
54,691,599
54,691,599
Weighted average number of ADSs – adjusted
54,763,570
54,691,599
54,691,599
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SOURCE iHuman Inc.
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One of the world’s largest XR video game developers, nDreams, is bringing Oh My Galaxy! to XREAL AURA. Oh My Galaxy! is a beautifully crafted arcade-style physics puzzle game designed from the ground up for spatial computing. XREAL AURA marks the first time the popular game will be available on an OST headset.
Odders is bringing its premier tabletop strategy game, Chess Club to XREAL AURA. Chess Club is the leading chess application across major spatial computing platforms today; its standout feature is its precise native hand-tracking. XREAL AURA marks the first time Chess Club will be available on an OST headset.
South Korean streaming powerhouse, Naver is bringing CHZZK to XREAL AURA. CHZZK is Naver’s massive livestreaming and content creator platform heavily centered around gaming, esports, virtual streamers, music videos and watch parties. CHZZK includes spatialized 180- and 360-degree videos that bring VR entertainment to XREAL AURA without isolating the viewer from the real world around them.
DB Creations is actively developing three XR games for XREAL AURA. Disassemble, mend, and rebuild a variety of gadgets and robot parts while learning about the fantastical world around you in Robo Repair. Fly a jet, pilot a helicopter, and more to complete arcade challenges right in your room with the exciting RC-inspired action of Tiny Motors Arcade. Transform your space into a thriving solarpunk city of the future with easy to connect building block elements in Table Towers.
Productivity, Learning, Enterprise and Healthcare
Announced today, representing next generation geospatial immersion, the Rathausverein of Aachen, Germany, and ZAUBAR are creating a first-of-its-kind location-based AR experience in Aachen’s historic city center. Set around the Krönungssaal (Coronation Hall) in Aachen City Hall and connected to the city’s imperial heritage, including Aachen Cathedral as part of the former Carolingian palace complex and a UNESCO World Heritage Site, the experience brings history to life through an immersive museum-quality exhibition with realistic time travel, lifelike animations, historically accurate reconstructions, and incredible detail, all comfortably enjoyed through XREAL AURA. This exciting project is targeting an on-site launch in mid-2027.
Announced today, in healthcare, apoQlar is bringing their XR HoloMedicine® platform to XREAL AURA that transforms CT, MRI, PET, and other medical imaging data into interactive 3D holographic models that clinicians can view and manipulate in real time. The early apoQlar workflows with XREAL AURA are showing real promise and are already making advanced medical visualization and training more intuitive for clinicians.
Simply Piano XR comes to an OST headset for the first time with XREAL AURA, bringing its finetuned hand tracking and spatial computing to merge physical instruments with digital overlays along with AI-powered real-time feedback for the ultimate XR piano-learning platform.
In enterprise, ShapesXR is moving design work into XREAL AURA’s immersive 70-degree FOV, allowing teams to sketch environments, place UI, storyboard interactions, and test concepts before writing much code. ShapesXR is leading in collaborative spatial creation and for the first time, bringing its highly recognized platform to XR glasses.
Frontline.io turns complex CAD models into interactive digital twins for the enterprise space, letting technicians learn, troubleshoot, and collaborate through XREAL AURA with OST workflows. It’s reshaping remote assist, virtual training, and augmented work instructions — and going further with AI agents that generate, retrieve, and guide maintenance procedures in real time, all hands-free without taking workers’ eyes off the task, making the smart connected worker a reality.
The Plynk Spatial™ app turns stock research, portfolio management, and trading into a spatial experience coming for the first time to OST XR glasses with XREAL AURA. Instead of viewing markets through flat charts on a phone or laptop, through XREAL AURA, Plynk Spatial™ users can explore 3D market visualizations, interact with spatial heatmaps, view sector performance in layouts, analyze portfolio holdings in 3D space, track market movers, and execute trades directly inside AURA, all while not losing sight of their real world surroundings.
Reserve XREAL AURA Now, Secure Your Spot at Launch
Reservations for XREAL AURA are now available for $99 USD at XREAL.com/aura for US, UK and Japan.
For a limited time two-week launch offer, reserve XREAL AURA with a $99 USD Launch Credit and receive $199 USD credit toward your purchase at launch later this year —saving you $100 on the final price. Launch Credit holders will receive priority shipping access when AURA becomes available, along with early customer support and launch updates.
XREAL also announced the XREAL AURA Founder Priority Pass. Starting today, the Founder Priority Pass will be limited to 2,000 reservations globally and is designed for early adopters, developers, creators, and consumers who want XREAL AURA on day one. Those customers who reserve AURA with a $299 USD deposit secure guaranteed launch-day delivery in supported launch regions when XREAL AURA releases later this year plus numbered special edition hardware.
In addition, XREAL announced Best Buy as its first in-store retail partner for the U.S. launch of XREAL AURA.
Coming Later This Year
XREAL is targeting a wave 1 launch of XREAL AURA in the Fall in US, UK, Japan, Canada and South Korea with additional Europe markets* coming soon after.
“With Android XR, Gemini, Snapdragon Reality Elite, and an incredible ecosystem of developers and partners, XREAL AURA marks the beginning of a new era for spatial computing glasses,” said Xu. “The road to release starts now!”
*Europe markets: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia (Czech Republic), Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden
Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.
View original content to download multimedia:https://www.prnewswire.com/news-releases/a-new-era-of-xr-begins-xreal-launches-xreal-aura-powered-by-android-xr-this-fall-302802018.html
SOURCE XREAL
Technology
NetActuate Expands Networking Platform for the Independent, AI-Ready Edge, Adding Cloud Routers, Magic Mesh, Stateful Firewall, and VPC Load Balancing
Published
40 minutes agoon
June 16, 2026By
New capabilities give infrastructure teams hyperscaler-grade networking (Cloud Routers, Magic Mesh, a stateful Firewall, and VPC Load Balancing) with the visibility, control, and cloud independence to build on their own terms, not their provider’s.
RESEARCH TRIANGLE, N.C., June 16, 2026 /PRNewswire/ — NetActuate, a global provider of edge infrastructure and Anycast network solutions across 45+ markets worldwide, today announced a major expansion of its Networking platform. The release introduces Cloud Routers, Magic Mesh, stateful firewalling, and VPC Load Balancing, alongside a redesigned Networking portal that gives customers deeper visibility and full self-service control over their networking resources.
Three forces are reshaping how companies think about infrastructure. AI and real-time workloads are pushing compute, inference, and data closer to users and out to the edge. A growing cost-and-repatriation backlash is exposing the real price of hyperscaler lock-in and egress fees. And tightening data-sovereignty and geographic-compliance requirements are forcing teams to control where their traffic and data actually live. Each points the same direction: companies want infrastructure they own and operate on their own terms, with the routing, resilience, and DDoS protection to back it up. NetActuate’s expanded Networking platform is built for that shift.
“The hyperscaler era trained teams to trade control for convenience, and they’re done making that trade,” said Mark Mahle, CEO of NetActuate. “This release gives customers hyperscaler-grade networking primitives with none of the lock-in. They can architect exactly the network they need and run all of it from a single portal, with the transparency and flexibility that independent infrastructure demands.”
What’s New: Products and Platform Capabilities
Cloud Routers
Cloud Routers let customers deploy fully functional, web UI- and API-managed virtual routers, directly within the NetActuate platform. They support multiple VRFs natively, static and BGP routing, full SNAT and DNAT configuration, and WireGuard tunnels, and they integrate with any NetActuate service. That makes them especially powerful paired with VPC for BGP routing into third-party platforms, Internet Exchanges, or enterprise networks.
Magic Mesh
Magic Mesh interconnects two Cloud Routers with a single click, letting customers build their own overlay networks from the portal or API. Teams can stitch together sites across the NetActuate platform, or across other clouds entirely, to create private, multi-site networks without the manual configuration that usually comes with it. Cross-cloud mesh connectivity is supported out of the box.
Stateful Firewall
A fully stateful Layer 3 firewall is now available for NetActuate’s edge IaaS. Customers can define rule sets, assign them to virtual machines, and have firewalls apply automatically at deployment, all through the portal or API. The result is enterprise-grade network security that travels with the workload, without the per-feature billing and lock-in that come with the hyperscalers’ equivalents.
VPC Load Balancing
VPC Load Balancing lets customers deploy load balancers directly onto VPC resources, bringing traffic distribution and resilience to private cloud environments. It’s the first step on a roadmap toward edge balancers, load balancers deployable to any PoP or fronted by Anycast, that will distribute traffic across the full NetActuate platform and third-party infrastructure alike.
Enhanced BGP Features
The release also brings enhanced BYOIP/BGP unicast capabilities for customers on colocation, bare metal, or VM deployments who aren’t using the BGP Anycast platform. New automation includes on-demand IRR/RPKI updates and hundreds of BGP communities, fully automatable through NetActuate’s suite of DevOps tooling.
Visibility and Control in the Customer Portal
Every one of these capabilities is configurable, monitorable, and manageable from the NetActuate Customer Portal. The release reorganizes the Networking section around the expanded suite and adds new layers of observability: customers can pull analytics on any prefix, with group- and prefix-level views of inbound traffic, the busiest data centers and nodes, and full traffic-source detail.
Together, these capabilities give teams a complete, self-service way to stand up and run their own network infrastructure (unicast, BGP, or Anycast) on infrastructure they control. Take a closer look at the Networking platform and view the NetActuate Portal Demo Overview video.
About NetActuate
NetActuate delivers edge infrastructure and network solutions in over 45 locations worldwide, enabling customers to take control of their workloads anywhere, with low latency, resiliency, and security built in. Our Open Network Edge (ONE) IaaS, built on open-source software and standards, provides everything needed to architect cloud environments and extensible infrastructure. Choose between VMs, Kubernetes, cloud, colocation, bare metal, and storage infrastructure, all with Anycast connectivity. We offer 24×7 support, expert consulting, and flexible, open solutions engineered for scalability and performance.
To schedule a call with NetActuate engineers or learn more, visit netactuate.com. For technical insights on improving reliability, reducing latency, and simplifying architecture at the network level, visit anycast.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/netactuate-expands-networking-platform-for-the-independent-ai-ready-edge-adding-cloud-routers-magic-mesh-stateful-firewall-and-vpc-load-balancing-302801992.html
SOURCE NetActuate
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A New Era of XR Begins: XREAL Launches XREAL AURA, Powered by Android XR, This Fall
NetActuate Expands Networking Platform for the Independent, AI-Ready Edge, Adding Cloud Routers, Magic Mesh, Stateful Firewall, and VPC Load Balancing
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