Aryaka Closes $16m in Funding
Aryaka Closes $16m in Funding Mar 2015
Funding to Expand Global Partner and Customer Support Infrastructure Amid Doubling of Annual Revenues
MILPITAS, CA--(Marketwired - Mar 30, 2015) - Aryaka®, the leading WAN as-a-Service company, announced today that it has received $16 million in funding, led by Nexus Venture Partners and joined by existing investors Trinity Ventures, InterWest Partners, Mohr Davidow Ventures, and Presidio Ventures. Aryaka offers Aryaka ONE, an integrated platform to address all WAN needs, including optimized connectivity of geographically dispersed offices, Application Delivery, and Cloud Networks. Aryaka customers include Fortune 100 as well as small- and medium-sized companies with global operations.
The majority of the funding will be used to scale Aryaka's global sales infrastructure in response to rapidly growing demand for its family of Network and Application Acceleration as-a-Service offerings. These intelligent services bypass the public Internet, enabling customers to achieve faster, more secure, more stable, and lower-cost global access to cloud data and services.
Aryaka's technology enables IT teams to manage the complete enterprise network from a single pane, providing reliability, security, and flexibility.
"Aryaka's technology provides a unique value proposition to companies of all sizes, leading to extremely low customer churn and expanded engagements. A combination of innovation, strong leadership, and flawless execution is driving over 100% year-over-year revenue growth at scale. We are thrilled to be a continuing partner for the company," said Naren Gupta, Co-founder & MD, Nexus Venture Partners.
As enterprises continue to adopt cloud services, businesses of all sizes are turning to Aryaka to help them overcome the new cloud bottleneck: the Internet. Global enterprises have an immediate need for fast, elastic, scalable solutions to accelerate all cloud assets -- public, private, or hybrid. By meeting this need with an optimized, cloud-based solution that is better than all other existing solutions, Aryaka has positioned itself as a cloud-enabler for the global enterprise market. The company must now accelerate its own expansion to keep up with skyrocketing demand.
"By transforming Networking, WAN Optimization, and Application Delivery into fast, secure, and cost-effective cloud-based services, Aryaka has eliminated the need for expensive, high-maintenance on-premises hardware," said Ajit Gupta, Founder & CEO at Aryaka. "The funding will allow us to aggressively support large global partners, who are excited about adding Aryaka capabilities to their traditional WAN offerings. We are now strongly positioned to achieve even faster market growth and achieve our goal of sustained profitability."
A customer that illustrates the power of Aryaka's simplified, cloud-based approach to B2B networking is JAS Forwarding Worldwide. "The project we undertook was really a complete revamp of the enterprise architecture of JAS. The goal was to enable our 240 offices to transact in real time," said Mark Baker, CIO of JAS Forwarding Worldwide. "More than that, though, it was important for every user in every office anywhere in the world to have the exact same high-quality experience when accessing business-critical applications. To complicate matters, we wanted to achieve all of this under a very insane deployment schedule of 18 months. We knew going in that this was going to be a real challenge. Aryaka was the key strategic business partner that helped us meet that challenge. Aryaka provided JAS with a unified network that delivers information in a quick, reliable, and secure fashion to any of our global locations. We found a solid partner in Aryaka and now we have a reliable global network with built-in management and optimization tools. Aryaka provided us with a simple, cost-effective solution with no maintenance or capital expenditure. They were the perfect answer to the challenge we faced."
Over the course of the past year, Aryaka has continued to claim market share from yesterday's incumbents, such as Riverbed for WAN Optimization and AT&T for MPLS. More importantly, Aryaka is pioneering a truly disruptive business case, one that removes hardware from the equation and establishes a cloud of clouds, where global enterprises are connected to all of their important cloud, private cloud, hybrid, and even legacy on-premises workloads. Aryaka delivers an intelligent, redundant, elastic cloud networking solution that is able to scale up as each enterprise grows, providing a pay-as-you-go model that the global enterprise desires -- all with zero CapEx and no lengthy, onerous maintenance and management contracts.
Aryaka, the pioneer of WAN as-a-Service, delivers network optimization and application acceleration for the global enterprise, for better collaboration, communication, and business productivity. Aryaka eliminates the need for costly WAN appliances and long-haul private links. Aryaka's groundbreaking WAN Optimization as-a-Service accelerates any application to any location and provides organizations with an affordable, optimized, and fully meshed network to access on-premises applications, as well as cloud services. Aryaka's Application Delivery as-a-Service enables globally distributed employees, customers, partners, and mobile end users to quickly access centralized enterprise applications and public-facing web resources from anywhere in the world. All services provide end-to-end visibility with 24×7 world-class support. To learn more, visit www.aryaka.com. Follow us on Twitter, Facebook, YouTube and LinkedIn.
About Nexus Venture Partners
Nexus Venture Partners is a leading global venture capital fund, with offices in India and Silicon Valley. Nexus team consists of entrepreneurs who have founded and scaled large global companies. The team has invested in a variety of companies leading to numerous successful public offerings and M&A transactions. It has over $700mn under management with an active portfolio of over 50 companies across Consumer, Technology, Internet and Business Services sectors.
The Nexus team plays an active role in helping entrepreneurs and management teams build market leading businesses. Nexus partner companies include Snapdeal.com, Netmagic (acquired by NTT Com), Cloud.com (acquired by Citrix), Pubmatic, Kaltura, DimDim (acquired by Salesforce) and Indix. For more information, please visit www.nexusvp.com
About Trinity Ventures
Founded in 1986, Trinity Ventures, a boutique firm, partners with passionate entrepreneurs to transform revolutionary ideas into reality. With over $1 billion under management, Trinity Ventures was founded on the principles of personal engagement and mutual respect with the entrepreneurs they fund. Trinity Ventures focuses on early stage technology ventures with a particular emphasis on digital media, Internet services, and mobility, security and software markets.
Trinity Ventures has invested in more than 100 ventures, including such leading companies as Affinity Labs (acquired by Monster.com), Aruba Networks (ARUN), Bix (acquired by Yahoo!: YHOO), Blue Nile (NILE), Crescendo Communications (acquired by Cisco), Extreme Networks (EXTR), Forte Software (FRTE), IntruVert Networks (acquired by Network Associates: NWK), LoopNet (LOOP), Modulus Video (acquired by Motorola: MOT), Network Alchemy (acquired by Nokia: NOK), Photobucket (acquired by News Corporation: NWS), SciQuest, Speedera Networks (acquired by Akamai Technologies: AKAM), Starbucks (SBUX), Sygate Technologies (acquired by Symantec) and Wall Data (WALL). For more information visit www.trinityventures.com.
About InterWest Partners
InterWest Partners invests in some of the world's most promising early stage IT and healthcare businesses. For over 30 years InterWest Partners has partnered with entrepreneurs to build winning companies. With more than 200 years of operating and investing experience, InterWest has raised $2.8 billion, completed 80 IPOs, and participated in 81 upside acquisitions. InterWest is currently investing in InterWest X, a $650M fund. In 2014, InterWest made 22 investments and managed more than 100 active investments.
InterWest is the lead investor in more than 70% of the investments we make, reflecting our ability to marshal resources and organize financings on behalf of our portfolio companies. We maintain relationships with our portfolio companies for an average of five years and in some cases for ten years or more. An InterWest general partner serves as a director for 85% of the companies in our portfolio, often continuing to serve even after the partnership's investment in the company has been returned.
Our commitment to our investors and our longstanding record of success has earned InterWest a reputation as one of Silicon Valley's leading venture capital firms. This high level of personal commitment enables us to deliver on our fundamental promise to the entrepreneurs we back: to add value beyond the capital we contribute. For more information, visit www.interwest.com.
About Mohr Davidow Ventures
Mohr Davidow is a leading venture capital firm investing in people and technologies that redefine large markets. The partners have a particular interest in startups pioneering in areas associated with Driving the Digital World, Personalizing Medicine, and Powering the Planet. Entrepreneurs can rely on Mohr Davidow to be an active collaborator in building their companies. Among the category-leading companies funded by Mohr Davidow are: Agile; Artemis Health; AudienceScience; Corventis; Crescendo Bioscience; FormFactor; Genomatica; IronKey; Nanosolar; ONI Systems (CIEN); Pacific Biosciences; Panasas; ParAccel; ParAllele (AFFX); Proofpoint; RainDance Technologies; Rambus; Recurrent Energy; Shutterfly; Tethys Bioscience; Visible Measures; and ZeaChem. MDV has $2 billion dollars under management. For more information visit www.mdv.com.
About Presidio Ventures
Founded in 1998, Presidio Ventures is the wholly owned early stage investment vehicle of Sumitomo Corporation. We work to identify the most promising growth industries and partner with the respective leading startups. Since its inception, Presidio Ventures has invested in over 100 U.S. startups for a total investment amount of $200 million. As a strategic investor, we work with our companies to expand their business in the Japan and Asia markets.
Presidio Ventures is comprised of ten investment professionals across offices in Silicon Valley, Boston, and New York, who split their time between new investment and business development for our companies. In addition, we are assisted by a team of dedicated business development professionals based in Sumitomo Corporation Tokyo. For more information visit www.presidio-ventures.com.
PR for Aryaka