Midokura, founded in 2010, specializes in network virtualization and offers software for networking using an overlay approach, garnering significant funding and industry recognition. The Midonet network virtualization platform enables rapid provisioning, enhanced security, and improved performance across various cloud environments by decoupling logical network architectures from physical hardware. It utilizes a distributed model that addresses challenges tied to traditional Open vSwitch (OVS) by eliminating single points of failure and improving scalability.