- Aviatrix, an advanced networking and security services company, announced recently that it raised $40 million in Series C funding led by CRV
Aviatrix — a leading provider of advanced networking and security services for the multi-cloud enterprise — announced it raised $40 million in Series C funding led by existing investor CRV. Formation 8, Ignition Partners, and Liberty Global Ventures also participated in this round of funding. Including this funding round, Aviatrix has raised over $76 million.
This growth-stage investment will be used for scaling sales, channel, customer support, marketing, and product development operations for accommodating escalating demand from enterprises moving mission-critical applications from on-premises to the public cloud.
“Business and application owners demand networking and security teams provide the same level of resiliency, performance, functionality, and security in the cloud as they get on premises,” said Steve Mullaney, CEO at Aviatrix. “The basic constructs of AWS and the other public clouds do not give enterprises the toolset required to accomplish this, and it is causing a great deal of pain for IT moving to the cloud. Aviatrix gives enterprise IT an architecture to provide a common set of networking, security and operational services across one or more public clouds. We’re seeing unprecedented demand from some of the largest organizations, and this latest funding will enable us to extend our demonstrable market leadership even more quickly.”
Over the past year, Aviatrix also hired a number of key industry players like naming Mullaney as CEO, John Jendricks (former VMware chief of staff) as the chief operating officer, and James Winebrenner as senior vice president of worldwide sales. Earlier this year, Aviatrix relocated its global headquarters to Santa Clara and tripled its office space to accommodate rapid staff expansion.
“CRV invests in people who pair market insights with proven abilities to execute,” added Devdutt Yellurkar, general partner at CRV and Aviatrix board member. “Steve Mullaney has assembled the best go-to-market talent in the industry—fueling impressive momentum in enterprise adoption and partnerships that are driving substantial revenue growth. It’s rare for CRV to lead a Series C round, but we did so here based on the enormous opportunity. We’re incredibly excited to be a part of Aviatrix’s trailblazing journey.”
Aviatrix is considered a leading provider of advanced networking and security services for the multi-cloud enterprise. And public cloud providers like AWS, Azure, GCP, and Oracle OCI are becoming the physical infrastructure for enterprise IT.
And Aviatrix’s networking and security software services born in the cloud and for the cloud embrace and extend native public cloud constructs and infrastructure and provide the operational simplicity, security, and performance required for enterprises moving to the cloud.
Some of the services Aviatrix offer include advanced transit networking, network segmentation, next-generation firewall integration, smart SAML VPN and site-to-cloud VPN access, cloud to Internet egress filtering, and high-performance encryption.