Liberty Global : Aviatrix Raises $75 Million in Series D FundingAviatrix, the cloud network platform, today announced it has raised $75 million in Series D funding. The round was...
February 23, 2021 at 07:08 am EST
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Aviatrix, the cloud network platform, today announced it has raised $75 million in Series D funding. The round was led by General Catalyst and includes new investors Greenspring Associates, Meritech Capital, and TrueBridge Capital Partners. Existing investors Liberty Global Ventures, CRV, Formation 8 and Ignition also participated in this round. This brings the company's total financing to $151 million. Quentin Clark from General Catalyst will be joining the company's Board of Directors.
'The enterprise herd is on the move to multicloud,' said Steve Mullaney, CEO of Aviatrix. 'Every day we're seeing more enterprises transforming their business and shifting their center of gravity for their IT infrastructure to cloud, and most of that is of course leveraging multiple cloud service providers (CSPs). Our cloud network platform delivers cloud-like simplicity and automation you expect from a cloud native solution, but with the operations and security controls that enterprises demand.'
This growth-stage investment will be used by the company to scale sales, partner channels, customer support, and product development organizations to accommodate the increasing demand from enterprises for multi-cloud networking solutions as businesses continue to move mission-critical applications to the cloud.
'Whether on-prem or in the cloud, enterprises have never been comfortable being locked in to single-vendor IT solutions. As a result, multicloud adoption will only pick-up pace as companies continue to migrate to the cloud,' said Quentin Clark, managing director, General Catalyst. 'Aviatrix has been well ahead of this trend, building the platform that abstracts away the complexities of managing a multi-cloud estate. We see real category-creating potential here for CEO Steve Mullaney and his team.'
Aviatrix cloud network platform delivers advanced networking, security and operational visibility and control required by enterprises, with the simplicity, automation, and agility of cloud. More than 500 customers worldwide leverage Aviatrix and its proven multi-cloud network reference architecture to design, deploy and operate a repeatable network and security architecture that is consistent across any public cloud. Combined with the industry's first and only multi-cloud networking certification (ACE), Aviatrix is empowering IT to lead and accelerate the transformation to the cloud.
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Liberty Global plc published this content on 23 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2021 12:07:04 UTC.
Liberty Global Ltd. is a holding company. The Company, through its subsidiaries, is engaged in converged broadband, video and mobile communications and an active investor in infrastructure, content and technology ventures. It has investments in fiber-based and 5G networks. For business and public sector organizations, it provides a complete range of voice, advanced data, video, wireless and cloud-based services across its local broadband networks, as well as mobile and converged fixed-mobile services. It offers broadband and mobile networks under brands, such as Virgin Media-02 in the United Kingdom, VodafoneZiggo in the Netherlands, Telenet in Belgium, Sunrise in Switzerland, Virgin Media in Ireland and UPC in Slovakia. Its global investment arm, Liberty Global Ventures, has a portfolio of more than 75 companies and funds across content, technology and infrastructure, including strategic stakes in ITV, Televisa Univision, Plume, Lionsgate and the Formula E racing series.
Liberty Global : Aviatrix Raises $75 Million in Series D FundingAviatrix, the cloud network platform, today announced it has raised $75 million in Series D funding. The round was...