Aryaka, the SD-WAN provider has raised $45 million in Series D round of funding. The investment was led by Third Point Ventures, including new investor Deutsche Telekom Capital Partners (DTCP), with participation from existing investors. The company will use these funds to aggressively expand its global reach.
“When we look at companies that we want to invest in, we consider market, technology, and team. We are excited to be partnering with a company that is on a rapid trajectory of growth such as Aryaka,” said Robert Schwartz, Managing Partner of Third Point Ventures.
“Aryaka is positioned perfectly at the tipping point of an enormous marketplace that is moving away from legacy MPLS technology and looking into next-generation solutions to help connect seamlessly worldwide to business-critical applications,” he added.
According to Robert Schwartz, the management team of Aryaka has built a critical base on which they can execute on the promise of their SD-WAN technology.
Additionally, Aidan Cullen has joined Aryaka’s leadership team as Chief Financial Officer and will further build out Aryaka’s global finance and administrative functions to help provide the scale and processes needed to support the company’s exponential growth.
“Aryaka is a leading SD-WAN provider that addresses the connectivity needs of modern global enterprises as they require fast and stable performance for their mission-critical applications anywhere in the world,” said Jack Young, Partner and Head, Venture Capital, DTCP.
“The company’s ability to deploy connectivity within days, and deliver significantly faster application performance in global locations uniquely addresses the shortcomings of other connectivity solutions, such as MPLS, and Internet-based SD-WANs,” he added.
The President and CEO of Aryaka Networks, Shawn Farshchi stated that the team is excited about the funding from Third Point Ventures and from DTCP, which according to him is the first telecommunications company to make a major investment in global SD-WAN.