Alkira (see Pulse 2.0 profile here), a leader in on-demand network infrastructure-as-a-service, announced the closing of a $100 million Series C funding round, bringing the company’s total funding to $176 million. Tiger Global Management led the funding round with additional investment from Dallas Venture Capital, Geodesic Capital, and NextEquity Partners, and participation from existing investors, including Kleiner Perkins, Koch Disruptive Technologies, and Sequoia Capital.
Spending on public cloud services is expected to hit hundreds of billions of dollars this year and surpass $1 trillion within a few more years. So, this digital transformation is compelling enterprises to rethink their complete network infrastructure. Through its innovative network infrastructure-as-a-service platform, Alkira enables businesses to seamlessly deploy, manage, and optimize their entire network infrastructure to prioritize efficiency, agility, security, and scalability.
Alkira offers a unique value proposition by offering:
1.) On-demand network infrastructure a service with integrated security and networking services available globally
2.) The ability to securely connect any cloud, any on-prem location, any remote user or app to any other point of presence
3.) Agility, elasticity, intelligence, security, and scale for traditional networking use cases
4.) A platform for building global, secure networks in minutes, eliminating the need to acquire hardware, manage physical circuits, and run software appliances or agents on-site
KEY QUOTES:
“The explosive growth of cloud applications and A.I. workloads are fueling a surge in demand for agile, secure, scalable cost-efficient networking solutions. We’re fortunate to have strong partners to help us meet that demand while we accelerate growth, explore exciting new opportunities, and continue delivering exceptional value to our customers. Our talented team is the engine behind Alkira’s success, and we’re deeply grateful for their hard work and dedication in getting us to this point.”
– Amir Khan, CEO at Alkira
“Increasing cloud and A.I. use is also increasing the complexity, velocity, and scale requirements of network infrastructure. We believe Alkira is well positioned to unlock the growing potential of this rapidly evolving space with its visionary approach, market traction, and cutting-edge technology.”
– Rohit Iragavarapu, investor at Tiger Global
“The future of technology is predicated on innovative solutions that are not only powerful but also accessible and easy to use. Alkira’s on-demand networking infrastructure is exactly that – it delivers tremendous value and simplifies the most difficult network challenges for enterprises. We’re excited to be a part of their journey as they continue to push the boundaries of network infrastructure.”
– Avie Tevanian, co-founder and managing director of NextEquity Partners
“Co-founders Amir Khan and Atif Khan, who successfully built and exited a networking company, have now put together an incredible team with deep technical knowledge and expertise in the networking space. We’re proud to support their innovative approach to creating on-demand network infrastructure and a comprehensive solution addressing both NaaS and cloud networking while integrating security — all crucial and perfectly aligned with today’s cloud and AI-first era.”
– Arvind Ayyala, partner, investments at Geodesic Capital
“The entertainment industry never sleeps, and Warner Music Group has been working with Alkira for years to revolutionize how we manage and protect our network infrastructure. Alkira’s innovative platform has not only simplified network management but has also empowered us to prioritize business growth initiatives with confidence. With Alkira, we’ve gained the agility and flexibility needed to navigate the dynamic entertainment landscape, and we look forward to the future, together.”
– John Remo, SVP, global infrastructure and security at Warner Music Group
