US-based networking technology provider Aryaka closed a $45m series D round featuring telecommunications firm Deutsche Telekom’s corporate venturing unit, Deutsche Telekom Capital Partners (DTCP), yesterday.
The round was led by Third Point Ventures, the venture capital arm of hedge fund Third Point, and included undisclosed existing investors. It increased Aryaka’s overall funding to approximately $120m.
Aryaka has developed a software-defined wide area network (SD-WAN) platform used by companies to connect parts of their businesses through the cloud. The round will support the company’s international expansion.
Jack Young, head of venture capital for DTCP, said: “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.
“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 [multiprotocol label switching] and internet-based SD-WANs.”
Aryaka last raised funding through a $16m round in early 2015 that was backed by conglomerate Sumitomo through its Presidio Ventures unit, as well as Nexus Venture Partners, InterWest Partners, Mohr Davidow Ventures and Trinity Ventures.
Presidio had already invested in a $25m round for Aryaka in 2012 and a $10m round that was closed two years later.
The completion of its series D round comes three months after Aryaka CEO Shawn Farshchi told Reuters the company intends to go public in 2018 at a valuation above $1bn.