US-based networking and cybersecurity technology provider Aviatrix secured $75m in a series D round on Tuesday featuring backers including Liberty Global Ventures, a vehicle for mass media group Liberty Global.
Venture capital firm General Catalyst led the round, which included CRV, Formation 8, Greenspring Associates, Ignition, Meritech Capital and TrueBridge Capital Partners. The company’s overall funding has reached $151m since it was founded in 2014.
Aviatrix has built a cloud-based software platform for networking, security and operational processes aimed at enterprise customers. The company will use the funding to boost efforts related to sales, partnerships, customer support and product innovation.
Liberty Global Ventures had participated in a $40m series C round for Aviatrix in late 2019 led by CRV and backed by Formation 8 and Ignition Partners.
CRV also led a $15m series B round in 2017, investing alongside Formation 8 and Ignition Partners, the lattter two having provided $10m in series A funding two years before.
Aviatrix CEO Steve Mullaney said: “The enterprise herd is on the move to multicloud – every day we are seeing more enterprises transforming their business and shifting their centre of gravity for their IT infrastructure to cloud, and most of that is of course leveraging multiple cloud service providers.
“Our cloud network platform delivers cloud-like simplicity and automation you expect from a cloud-native solution, but with the operations and security controls that enterprises demand.”
