Aryaka secures $25 Million in Series C round of Funding
Date: Wednesday , August 01, 2012
Aryaka, a provider of WAN optimization as-a-Service, raises $25 million series C funding led by InterWest Partners with the participation of Presidio Ventures, a Sumitomo Corporation Company. The existing investors Nexus Venture Partners, Trinity Ventures and Mohr Davidov Ventures also participated in this series of funding. The funds will be used to support the rapid market penetration of the company as it continues to redefine the multi-billion dollar global WAN optimization and change the way consumers utilize the technology.
Co-Founded by Ajit Gupta and Ashwath Nagaraj in 2008, Aryaka is a cloud based WAN Optimization Company solving application and network performance issues faced by the distributed enterprise. Headquartered at Mipitas, California, Aryaka has its offices distributed globally. It envisions enhancing its enterprise collaboration through simple and affordable cloud based WAN optimization.
"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," says Ajit Gupta, Founder, President & CEO, Aryaka.
The earlier investors of the company include Trinity Ventures, Mohr Davidow Ventures, Nexus Venture Partners and Stanford University who invested $54 million in series A round of funding, and series B round of investors include Nexus Venture Partners, Trinity Ventures and Mohr Davidow who pumped $15 million in Aryaka.
The clientele of the company includes InMobi, Accept Software, Armstrong, HBA, Tavant Technologies, Magnum Semiconductor, Symphony Teleca, and Raritan among several others. Aryaka has penetrated the Brazil market with strong customer pull, to enable the multinational firms to reach out to them in their regional vicinity. Already serving in six continents, they propose to grow their business globally providing WAN optimization as-a-Service to their customers.