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Aryaka raises $15 Million in Series B Funding
By siliconindia
Santa Clara: California-based Aryaka, provider of cloud-based WAN optimization and application acceleration solution, announced an oversubscribed $15 million series B funding, led by Nexus Venture Partners along with Trinity Ventures and Mohr Davidow Ventures.
The additional funds will be utilized to further pacify adoption of its revolutionary SaaS model for data transfer and application delivery in the lucrative midmarket. It will also 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. Aryaka raised its seed round of funding on September 2010 for an amount of $14 million.
Founded in 2008 by Ajit Gupta, Aryaka is cloud-based WAN optimization company solving application and network performance issues face by the distributed enterprise. It has been named as 'Cool Vendor' by a leading analyst firm and to the GigaOM Structure 50 list for companies that will shape the future of cloud computing. With offices in the US and India, Aryaka employs a dedicated and experienced group of individuals, who drive the company to provide world-class technology solutions.
Ajit Gupta, Founder and CEO, Aryaka, said, "The Aryaka network is fully operational, our new Emergence strategic alliance program is gaining more partners everyday and our customer base is rapidly growing as more enterprises migrate to cloud-based services to drive their business."
Gartner Inc states that during the last five years, they have seen the WAN optimization market expand from a $700 million market in 2006 to an expected $1.9 billion market in 2011. Many WAN optimization projects are confined by having to deploy appliances in each branch office. But 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 is expected to increase ten-fold over the next five years with the inclusion of cloud-based solutions for WAN optimization and application acceleration. The report further states that vendors are developing innovative approaches that make the deployment of cloud-based communications and networking services more secure, reliable and efficient.
The company 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 deploying 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.
Talking about the investment in Aryaka, Naren Gupta, board member of Nexus Venture Partners said, "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. We are privileged to be selected as a partner by the talented Aryaka team."
