A Louisiana telephone descendant is wagering that the most valuable layer of AI may be the glass beneath it. Lumen is turning a sprawling fiber backbone into a programmable network enterprises can switch on in minutes.
Nile is a San Jose-based Network-as-a-Service (NaaS) company founded in 2018 by former Cisco leaders Pankaj Patel and John Chambers, along with Suresh Katukam and Sri Hosakote. It replaces the traditional buy-and-manage model for enterprise wired and wireless LANs with a cloud-delivered subscription that bundles hardware, software, zero-trust security, AI-driven automation, and performance guarantees. Nile designs, deploys, monitors, and continuously optimizes campus networks so IT teams no longer have to, targeting the roughly $75B enterprises spend each year running networks.
Megaport is an Australian network-as-a-service company that lets enterprises spin up private, high-speed connections between data centers and the major public clouds in minutes rather than months. Through a software-defined network spanning more than 1,100 enabled data centers across some 30 countries, Megaport replaces the fixed contracts and manual provisioning of traditional telecom with on-demand, elastic bandwidth billed by the hour. Its platform - centered on Virtual Cross Connects, the Megaport Cloud Router and Megaport Virtual Edge - connects over 4,000 customers to AWS, Microsoft Azure, Google Cloud, Oracle and hundreds of other providers. Listed on the ASX as MP1, the company is now extending from connectivity into compute as it builds toward a globally distributed AI inference cloud.

Karl Meyer is General Partner and Managing Director, Head of Global Portfolio Operations at Digital Alpha, an alternative asset manager focused on digital infrastructure - the backbone of the digital economy spanning next-generation networks, cloud, and IoT/Smart Cities. Bringing two decades of enterprise technology experience from Cisco, Kleiner Perkins, HPE, and Incorta, Meyer joined Digital Alpha in October 2021 to build a world-class operations function and drive measurable value creation across the firm's portfolio companies. He currently serves on the boards of Energybox and PacketFabric, where his enterprise software and go-to-market expertise helps portfolio companies scale into Global 2,000 accounts.
Michael Reid is the CEO and Executive Director of Megaport, a global Network-as-a-Service platform operating across roughly 1,000 data centers in 26 countries. A Brisbane-born aerospace engineer turned tech sales leader, Reid spent 15 years at Cisco - most recently as CRO of ThousandEyes, where he grew ARR by 2.4x and scaled the team from 150 to nearly 400 people. Since taking Megaport's helm in May 2023, he has led the company to its first-ever profit after tax (FY24), grown Customer Lifetime Value 50% year-on-year to $2.1 billion, and repositioned Megaport as the backbone for AI-era enterprise connectivity.