Aryaka Secures $15 Million in Series B Funding
Emerging Enterprises Adopting Aryaka’s Disruptive and Flexible Cloud-based WAN Optimization to Speed Business Application Delivery and Adopt Cloud Architecture
MILPITAS, Calif. – June 7, 2011 – Aryaka Networks, provider of the world’s first cloud-based WAN optimization and application acceleration solution, today announced an oversubscribed $15 million Series B round of funding, led by Nexus Venture Partners with participation from Trinity Ventures and Mohr Davidow Ventures.
Aryaka will use the additional funds to further accelerate adoption of its revolutionary SaaS model for data transfer and application delivery in the lucrative midmarket. Following an initial financing round of $14 million, this additional investment will help Aryaka better enable enterprises around the world to deploy WAN optimization solutions in a matter of hours instead of months, and without any capital expenditure.
"This round will be used to fuel our sales and marketing growth and to push into growth markets in Asia and Europe,” said Ajit Gupta, founder and CEO of Aryaka. “The Aryaka network is fully operational, our new Emergence strategic alliance program is gaining more partners every day and our customer base is rapidly growing as more enterprises migrate to cloud-based services to drive their business.”
“During the last five years, we have seen the WAN optimization market explode from a $700 million market in 2006 to an expected $1.9 billion market in 2011,” according to Gartner, Inc. (Gartner Cool Vendors in Enterprise Communications and Network Services, 2011, 5 April 2011, ID Number G00211319). However, many WAN optimization projects are hamstrung by having to deploy appliances in each branch office. Fortunately, organizations with globally distributed locations can derive significant benefits from Aryaka’s new cloud-based WAN optimization technology that improves application performance and reduces bandwidth requirements. The overall market size will increase ten-fold over the next 5 years with the inclusion of cloud-based solutions for WAN optimization and application acceleration.
“Vendors are developing innovative approaches that make the deployment of cloud-based communications and networking services more secure, reliable and efficient," as stated in the report. Further, "attractive subscription-based pricing, along with favorable terms and conditions, are enabling cloud-based services to be cost-effective for emerging communications and networking uses. Organizations with globally distributed locations should consider WAN optimization services to eliminate the need for distributed WAN optimization appliances."
Aryaka is responding to the changing needs of today’s emerging enterprise, which are typically challenged by having to manage a combination of headquarters and branch offices; on-site and cloud applications and storage; data on local servers and in data centers; and on-site and offshore teams and remote workers. Aryaka links multiple branch offices around the globe with distributed data centers and corporate headquarters to enable remote employees and teams to work anytime, anywhere. By delivering an intelligent, optimized, scalable network, Aryaka makes easy-to-deploy WAN optimization and application acceleration a reality for companies of all sizes, at a significantly lower cost than traditional appliance-based solutions.
"Distributed data centers and rapid adoption of cloud architecture that increasingly support a global and mobile workforce are driving the need for a cloud-based WAN optimization solution, a need that cannot be served by inflexible appliance-based technologies," said board member Naren Gupta of Nexus Venture Partners. "We are privileged to be selected as a partner by the talented Aryaka team."
For more information on Aryaka Networks, call 1-877-7ARYAKA or visit www.aryaka.com.
About Mohr Davidow
For more than 25 years, the Mohr Davidow team has invested in early stage startups and worked closely with exceptional entrepreneurs to develop and deliver new, technology-based ideas, products and services. The firm’s investments result in companies that transform industries whether through better and more personalized medicine, more efficient power for our planet or better infrastructure for our rapidly evolving digital world. Category-leading companies funded by Mohr Davidow include: Agile (ORCL); AudienceScience; Brocade; Genomatica; Nanosolar; nLight; ONI Systems (CIEN); Rally Software; Pacific Biosciences; Panasas; ParAllele (AFFX); Proofpoint; RainDance Technologies; Rambus; Simbol Materials, Visible Measures; and ZeaChem. The firm has $1.85 billion under management. For more information, visit http://www.mdv.com.
About Nexus Venture Partners
Nexus Venture Partners (www.nexusvp.com) is India’s leading venture capital fund, founded by successful entrepreneurs in India and Silicon Valley. It has $320m under management and an active portfolio of over 25 companies across technology, Internet, media, consumer, business services and agribusiness sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market-leading businesses. Some of the companies that Nexus has invested in include Komli (Internet advertisement network), Suminter (Organic farming), Dlight (Solar Lighting), DimDim (Open Source Web Conferencing acquired by Salesforce.com), Mapmyindia (Digital Navigation), Deccan Pharma (Neutraceuticals), Gluster (Open source storage), Cloud.com (Cloud infrastructure), Pubmatic (Publisher Ad revenue optimization), Prana (Animation services) and Netmagic (Internet Infrastructure). Investors in Nexus include leading university endowments, foundations and sovereign funds.
About Trinity Ventures
Founded in 1986, Trinity Ventures, a boutique firm, partners with passionate entrepreneurs to transform revolutionary ideas into reality. With over $1 billion under management, Trinity Ventures was founded on the principle of personal engagement and mutual respect with the entrepreneurs they fund. Trinity Ventures focuses on early stage technology ventures with a particular emphasis on digital media, cloud computing, internet services, mobility, security and software markets. Trinity Ventures has invested in such leading companies as Aruba Networks, 21Vianet (VNET), Blue Nile, LoopNet, Photobucket, SciQuest, Starbucks, Speedera Networks (AKAM), BeachMint and Infoblox. Please visit www.trinityventures.com for more information.
About Aryaka Networks
Aryaka is the world’s first cloud-based WAN optimization company solving application and network performance issues faced by the distributed enterprise. Aryaka has been named “Cool Vendor” by a leading analyst firm and to the GigaOm Structure 50 list for companies that will shape the future of cloud computing. Aryaka eliminates the need for expensive and complex appliances as well as long-haul connectivity, and enhances collaboration across locations. It offers significant cost, ease-of-use and performance advantages, helping global companies achieve dramatic productivity gains and increased visibility into their WAN applications, locations and performance, while providing 24/7 world-class support. To learn more, visit www.aryaka.com. Follow us at twitter.com/aryakanetworks, facebook.com/aryakanetworks, and on linkedin.com/company/aryaka-networks.