US-based cloud-based networking service CloudGenix has secured $65m in a series C round that included Intel Capital, the corporate venture capital subsidiary of semiconductor technology producer Intel.
The round also featured Bain Capital Ventures, CRV, Mayfield Fund and ClearSky, and it increased the company’s total funding to $99m.
Founded in 2013, CloudGenix is the developer of AppFabric, a system that enables customers to integrate and deploy cloud and software applications from anywhere through wide area networks (WANs).
The platform is used by companies across the healthcare, retail, manufacturing, financial services and hospitality industries to run their remote office WANs. Proceeds from the round will fund global sales and product development.
Kumar Ramachandran, CloudGenix’s founder and CEO, said: “We are leading a revolution in the networking industry. We are executing on our vision of delivering autonomous WANs to our customers – enabling them to specify application policies aligned to their business and have the infrastructure choreograph itself.”
Bain Capital Ventures had previously led the company’s $25m series B round in 2015, which included CRV and Mayfield Fund, the same two investors that had provided $9m in series A funding for the company the year before.