SD-WAN FEATURED ARTICLE
VeloCloud Closes Successful Series C Funding Round
Despite being a fairly young company, VeloCloud Networks has managed some undeniable success with its Cloud-Delivered Software-Defined Wide Area Network (SD-WAN) technology in a short time. A month ago for example, Vonage (News - Alert) selected VeloCloud’s SD-WAN to enhance its cloud-based business services with plans to roll out the solution as Vonage SmartWAN early in 2016. As such, the news that VeloCloud has closed a successful new funding round isn’t too surprising.
Indeed, the company announced that is has secured $27 million is Series C financing led by venture fund March Capital Partners, along with two more strategic investors, including Cisco (News - Alert) Investments. Existing investors like New Enterprise Associates (NEA) and Venrock also participated in the funding round.
With the closing of this Series C financing round, VeloCloud’s total funding to date totals $49 million. The company plans to use its latest investment to expand business operations to support accelerated product development and customer rollouts, while ramping up sales and marketing.
"VeloCloud has already established itself as a SD-WAN leader and secured an impressive array of customer and ecosystem partners," said Sumant Mandal, general partner at March Capital Partners. "We see a rare, tremendous growth opportunity for SD-WAN in the next few years and strongly believe that VeloCloud, with its unique Cloud-Delivered strategy, is best positioned for great success in this burgeoning category."
The fact that VeloCloud has found success already in the SD-WAN space is reason enough to attract interest, but Gartner’s (News - Alert) estimate that 30 percent of enterprises will use SD-WAN products in all their branches by 2019 doesn’t hurt. With so many organizations deploying branch offices and migrating to cloud applications, the industry is already seeing an increased need for advanced WAN service delivery.
VeloCloud’s solutions help enterprises to quickly, seamlessly and cost-effectively expand their wide area networks to support application growth, network agility and simplified branch implementations—all while optimizing access to cloud data centers and applications.
A further look at the ways SD-WAN can enable UCaaS providers to support BYOC and a discussion on how a cloud-delivered solution leveraging SDN principles simplifies configuration and operation of the WAN for both on-premise and cloud UC applications, was covered during recent VeloCloud-hosted Webinars. Check them out to hear more.
Edited by Stefania Viscusi