VeloCloud Raises $35M to Meet Accelerating Global Demand for Cloud-Delivered SD-WAN
Press published by: http://www.businesswire.com
Source URL: http://www.businesswire.com/news/home/20170302005491/en/
VeloCloud™ Networks, Inc., the Cloud-Delivered SD-WAN™ company, today announced that it has closed a $35 million Series D round of funding, led by Hermes Growth Partners. Round participants included new investors Telstra Ventures and Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia (“Khazanah”), in addition to existing investors New Enterprise Associates (NEA), Venrock, March Capital Partners, Cisco Investments, and other undisclosed strategic investors.
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The funding will be used to expand business, capacity and operations as the company accelerates new SD-WAN product development, supports larger customer rollouts, and dramatically increases sales and marketing in theaters worldwide. Today’s funding brings the company’s total funding to $84 million.
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