Software-defined wide area networking company CloudGenix announced it has received $25 million to grow the company.
This series B funding was led by Bain Capital Ventures and included additional investments from Charles River Ventures and the Mayfield Fund. CloudGenix has raised $34 million to date, and with this funding round comes the addition of Enrique Salem, former Symantec president and CEO, to the board of directors.
CloudGenix co-founder and CEO Kumar Ramachandran talked about how the company delivers an application-defined fabric, and said that the "new investment will help us fulfill a strong market need for WAN solutions that deliver more than twice the performance at less than half the cost, leading to a much faster time-to-value once deployed, and extending data center-class security to the network edge."
The almost two-year-old Silicon Valley startup had an early lead in the niche market, with engineering expertise from its co-founders, who hail from Cisco and Juniper. They are not alone, however: Cisco has a WAN automation engine, Juniper has its NorhtStar WAN SDN controller, Cyan has Planet Orchestrate, and others such as Glue Networks and Viptela are also innovating in the market.
Named as a 2015 Gartner "Cool Vendor" in Enterprise Networking, CloudGenix was also listed in CIO Review's "Top 20 Most Promising Networking Solution Providers of 2015," and finished as a finalist in the recent Best of Interop awards.