SD-WAN platform provider Aryaka has completed a USD45 million Series D round of financing led by Third Point Ventures, new investor Deutsche Telekom Capital Partners (DTCP), and with participation from existing investors.
The new funding round will help Aryaka aggressively expand its global reach.
Aryaka has delivered over 100 per cent year-over-year growth for five consecutive quarters and now has more than 500 global enterprise customers with sites in 63 countries around the world.
"When we look at companies that we want to invest in, we consider market, technology, and team," says Robert Schwartz, managing partner of Third Point Ventures. "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."
"Aryaka is a leading SD-WAN provider that addresses the connectivity needs of modern global enterprises as they require fast and stable performance for their mission-critical applications anywhere in the world," says Jack Young, partner and head of venture capital at DTCP. "The company's ability to deploy connectivity within days, and deliver significantly faster application performance in global locations uniquely addresses the shortcomings of other connectivity solutions, such as MPLS, and Internet-based SD-WANs."
"We are excited about the funding from Third Point Ventures and from DTCP, which is the first telecommunications company to make a major investment in global SD-WAN," says Shawn Farshchi, president and CEO at Aryaka Networks. "This investment further validates our global SD-WAN technology and sends a signal to the market that Aryaka represents the future of global connectivity."
Aidan Cullen has joined Aryaka's leadership team as chief financial officer. Cullen is a finance executive with more than 25 years of experience in global technology companies within the software, networking, and telecommunications industries. He has held CFO positions at CliQr Technology (Cisco), Gigamon, Sylantro Systems (Broadsoft), and Tasman Networks (Nortel).
Union Square Advisors served as the exclusive financial adviser and placement agent to Aryaka in this offering.
