VeloCloud Networks, a provider of technology-SD comes WAN cloud has closed $ 27 million in series C financing led by venture capital funds in March Partners capital and two additional strategic investors including Cisco Investments. The new funding brings the total funding of the company to $ 49 million.
The funding will be used to expand business operations as the company accelerates new product development and customer deployments, and ramps up sales and marketing in theaters expanded to meet the growing global demand. Existing investors, including New Enterprise Associates (NEA) and Venrock , also participated in the round.
"VeloCloud has already established itself as a WAN-SD leader and set an impressive number of customers and ecosystem partners," said Sumant Mandal, partner, Mars Capital Partners . "We see a tremendous unusual growth opportunity for SD-WAN in the coming years and we firmly believe that VeloCloud with its cloud-delivered single strategy, is best positioned for success in this growing category."
VeloCloud solutions enable companies to quickly, transparently and economically extend their WANs to support demand growth, agility and simplified network branches implementations while providing access to optimized data centers and cloud applications.
SD-WAN
"We are seeing an explosion of growth in global demand for SD-WAN VeloCloud Cloud Delivery solutions, "said VeloCloud CEO and co-founder Sanjay Uppal . "This new funding validates our leadership and success comes only cloud, and accelerate the growth of our core business of providing streamlined branch network WAN, improving performance and delivery of services to medium and large enterprises and service providers . "
with the rampant growth of branch office deployments and rapid migration to cloud applications, industry would see an increasing need for advanced wide area network (WAN) service delivery, and assured performance of cloud and enterprise applications. in 2015, VeloCloud has seen rapid adoption of its SD-WAN solution fueled, in part, by a greatly expanded partner ecosystem now includes BroadSoft, Cisco, Equinix, HP, IIx Console, Intel, VMware, Websense, and Zscaler.
"as WAN leading provider of solutions for companies worldwide, we work closely with customers looking to transition to driven software WAN deployments with our intelligent WAN Cisco solution, "said Jeff Reed, vice president and general manager, enterprise Infrastructure and Solutions Group at Cisco . "Cisco is committed to open systems and interoperability with the VeloCloud solution will provide our joint customers with additional improvements to the performance of application services and cloud."
0 Komentar