May 15, 2024 at 05:13PM
Alkira® announced the closure of a $100 million Series C funding round, led by Tiger Global Management, alongside other investment firms. The company’s total funding raised now stands at $176 million. This funding aims to accelerate innovation in network infrastructure and address the increasing demand for agile and secure networking solutions in the cloud-first era.
From the meeting notes, here are the key takeaways:
1. Alkira®, the leader in on-demand network infrastructure as-a-service, has announced the closing of a $100 million Series C funding round, bringing the company’s total funding raised to date to $176 million.
2. The round was led by Tiger Global Management, with additional investment from Dallas Venture Capital, Geodesic Capital, and NextEquity Partners, as well as participation from existing investors including Kleiner Perkins, Koch Disruptive Technologies, and Sequoia Capital.
3. Alkira’s innovative network infrastructure as-a-service platform empowers businesses to seamlessly deploy, manage, and optimize their entire network infrastructure, prioritizing efficiency, agility, security, and scalability.
4. The company offers on-demand network infrastructure as-a-service with integrated security and networking services available globally, as well as the ability to securely connect any cloud, on-prem location, remote user, or app to any other point of presence.
5. The substantial Series C investment will fuel Alkira’s efforts to accelerate innovation and revolutionize how networks are consumed by enterprises, including expanding its multi-cloud networking solution portfolio, delivering new connectivity models for the global Wide Area Network (WAN) network, and increasing end-to-end secure networking.
For more information about Alkira, visit their website at https://www.alkira.com.
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