Aryaka, which claims to be one of the leading SD-WAN providers, has announced that it has raised about $45 million in a funding round led by Third Point Ventures. It has also added a new investor Deutsche Telekom Capital Partners (DTCP).
In this funding round, existing investors of the company have also poured in money. The new funding round will help Aryaka aggressively expand its global reach.
The company has delivered over 100 percent year-over-year growth for five consecutive quarters and now has nearly 500 global enterprise customers with sites in 63 countries around the world.
Commenting on this investment, Robert Schwartz, Managing Partner of Third Point Venture, said,
Aryaka is positioned perfectly at the tipping point of an enormous marketplace that is moving away from legacy MPLS technology and looking into next-generation solutions to help connect seamlessly worldwide to business-critical applications.
In addition, the management team of Aryaka has built a critical base on which they can execute on the promise of their SD-WAN technology. We are excited to be partnering with a company that is on a rapid trajectory of growth such as Aryaka.
Shawn Farshchi, President and CEO at Aryaka Networks, also shared his thoughts on the investment:
This investment further validates our global SD-WAN technology and sends a signal to the market that Aryaka represents the future of global connectivity.
Also, Aidan Cullen has joined the company’s leadership team as Chief Financial Officer. He is a finance executive and strategic leader with more than 25 years of experience in global technology companies within the software, networking, and telecommunications industries.
The company was founded in 2009 by Ajit Gupta, Rajeev Bharadhwaj and Ashwath Nagaraj with a mission to make WAN and Internet connectivity better for the distributed enterprise. Although the company is headquartered in Milpitas, California, it also operates from Bangalore.