SD-WAN FEATURED ARTICLE
CloudGenix Corrals $65 Million in Funding
Next generation networking is here, as the cloud and software-defined solutions are bringing the network of the future to businesses of today. SD-WAN is starring in this transformation, serving as a truly disruptive technology.
SD-WAN provider CloudGenix announced an influx of $65 million in capital from a successful round of funding. The funds will be leveraged to drive global sales, development of new products and go-to-market expansion.
“As large enterprises adopt a multi-cloud strategy, the need to implement SD-WAN has become a top priority for CIOs who are navigating the complexities of managing their overall cloud infrastructure,” said Enrique Salem, partner at Bain Capital Ventures. CloudGenix SD-WAN delivers 50-70% cost savings and is a critical component of the cloud-enabled enterprise. With a proven product and exceptional go-to-market capabilities, we are excited to support CloudGenix in this next phase of rapid growth.”
The recent investment brings CloudGenix’s grand total via Series C to nearly $100 million. Touting 300% growth and a 90% win-rate against incumbents, the SD-WAN vendor is making its presence felt in a market seeing explosive growth.
“We are leading a revolution in the networking industry. We are executing on our vision of delivering autonomous WANs to our customers – enabling them to specify application policies aligned to their business and have the infrastructure choreograph itself. We couldn’t be more thankful to our customers and look forward to serving them in even larger numbers,” noted CloudGenix Founder and CEO Kumar Ramachandran (News - Alert).
Edited by Maurice Nagle