Aryaka Raises $25 Million for WAN Optimization
WAN optimization specialist Aryaka said today that it has secured a $25 million Series C funding round led by InterWest Partners, with participation from Presidio Ventures and existing investors Nexus Venture Partners, Trinity Ventures and Mohr Davidow Ventures.
Aryaka will use the money to boost its market penetration and global reach. The company offers WAN optimization as a service to more than 600 customers, including InMobi, STATS ChipPAC, Aruba Networks, ThoughtWorks, Radware, Calypso, Strauss and Symphony-Teleca.
“What impressed us most about Aryaka is how this unique WAN optimization as-a-Service solution overcomes the problems caused by the distributed nature of today’s enterprise as well as integrated access to the Cloud with a very simple and elegant solution,” said Khaled Nasr, Partner, InterWest Partners. “Unlike conventional WAN optimization approaches, Aryaka liberates the enterprise by providing a secure, scalable and highly intelligent network in the cloud. Aryaka has identified and is addressing a large market with unmet needs by redefining the playing field for network optimization and increasing the overall market size.”
“The new funding enables us to further execute on our aggressive growth strategy as we convert our technology innovation into commercial success and drive to our goal to redefine the market and position Aryaka as the leader,” said Ajit Gupta, Founder, President and CEO of Aryaka. “Market traction has been tremendous as small, mid-sized and larger enterprises realize that networks and applications require a new, more sustainable approach. With Aryaka as a partner, organizations can maximize their existing application and network resources and focus on their core business goals.”