Benhamou Global Ventures’ (BGV) BGV III fund has made its second investment in Webscale Networks, in syndication with Mohr Davidow Ventures (MDV) and Grotech Ventures.
Extending the strategy of fund BGV II, BGV III will focus on enterprise IT sectors including cyber security, cloud-based services and applications, web scale infrastructure, advanced analytics and industrial Internet of Things.
Webscale Networks aims to to capitalise on the transition of the Application Delivery Control (Layer 4-7) market to the cloud by delivering an integrated cloud application delivery solution for the broader mid-market. The company's technology removes the appliance lock-in and performance limitations of networking hardware-based ADC products, while integrating cloud application-specific capabilities like predictive auto-scaling, configuration management, content optimisation, load balancing across clouds and a web application firewall (WAF).
The Webscale management team has built application optimisation centric enterprise companies such as Aryaka, Riverbed and Akamai.
The company provides the platform as a SaaS product offering and has helped provide over 50 customers with high availability for e-commerce applications while minimising latency, and reducing costs by avoiding over-provisioning of infrastructure. The company is headquartered in Silicon Valley with R&D in Boulder, Colorado.
Anik Bose, general partner at BGV, will join the Webscale board.
"The migration of Enterprise applications to the cloud is redefining the needs for application performance and load balancing within and across data centres driving the need for a new cloud based ADC technology," says Bose. "We have identified Webscale Networks as one of the most disruptive cloud-based ADC solutions that can be delivered as a service. With their early traction and deep industry knowledge, we are confident in their efforts and our expertise to help them navigate this period of growth."
"Large e-retailers understand the concept of front and back-end infrastructure scaling, which keeps their sites fast, secure and available. Webscale helps the remaining 99.9 per cent of the market compete with them," says Sonal Puri, CEO at Webscale. "Enterprise applications are becoming increasingly web-enabled, need to be cloud-agnostic, and easy to manage across infrastructures to avoid lock-in. Our expertise in providing these benefits in addition to constant availability, high-performance and enhanced security and analytics will serve us well as we expand into the broader enterprise."
