Grazed from VeloCloud Networks, Inc.
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.
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.
"We have been following the exploding SD-WAN space very closely and recognize its potential to transform enterprise WAN," said Bobby Yerramilli-Rao, founder and partner at Hermes Growth Partners. "We decided to invest in VeloCloud because of the company’s highly differentiated solution, superb track record with customers, and exceptional management team."