US-based wide area networking technology provider Aryaka completed a $50m series F round yesterday that included corporate venture capital subsidiaries of telecommunications firm Deutsche Telekom and diversified trading group Sumitomo.
The round was led by investment bank Goldman Sachs through its Private Capital Investing unit and also featured Trinity Ventures, Mohr Davidow Ventures, Nexus Venture Partners, InterWest Partners and Third Point Ventures.
Deutsche Telekom and Sumitomo participated through Deutsche Telekom Capital Partners (DTCP) and Presidio Ventures respectively. The round took the company’s overall funding to $184m, it said.
Founded in 2009, Aryaka manages software-defined wide area networking (SD-WAN) integration for businesses, allowing them to manage their networks over long distances at a lower cost than traditional methods.
The company builds a private network for clients that is equipped with connectivity, security, optimisation and acceleration technology, and tailored to their needs.
The funding will support business growth and recruitment, and Matthew Dorr from Goldman Sachs Private Capital Investing will join the board of directors at Aryaka in connection with the round.
Aryaka’s last funding came in early 2017 when it secured $45m in a round described by the company as a series D. It was led by Third Point Ventures and backed by DTCP and unnamed existing investors.
Nexus Venture Partners had led a $16m round for Aryaka in 2015 that included Presidio Ventures, InterWest Partners, Mohr Davidow Ventures and Trinity Ventures.
The company had previously raised $25m in a 2012 round led by InterWest and backed by Presidio, Nexus, Trinity Ventures and Mohr Davidow, before the same five investors added $10m two years later.
