Edge Cloud Service Provider Zenlayer Raises $50 Million

By Noah Long ● May 28, 2021
  • Zenlayer, a leading global edge cloud service provider, announced it raised $500 million in Series C funding. These are the details.

Zenlayer — a leading global edge cloud service provider — announced recently that it closed $50 million in Series C funding. This round of funding was led by a group including Anatole Investment and Prospect Avenue Capital and included existing investor Volcanics Venture. And these investors join F&G Venture, NSFOCUS, and Forebright Capital to bring Zenlayer’s total financing to $90 million since inception.

Zenlayer is going to allocate the new funding toward enhancing its edge cloud technology and expanding the global network coverage. Through its unique edge cloud offerings, Zenlayer enables organizations to instantly deploy compute closer to end-users and accelerate their networks to deliver the best digital experience possible. And now Zenlayer can help organizations reach over 85% of the world’s internet population in just 25 milliseconds or less. By using Zenlayer’s PaaS solutions, organizations can achieve this without deploying any infrastructure.

KEY QUOTES:

“I am excited to announce that we have successfully raised $50 million in Series C. We’ll accelerate the development and adoption of our PaaS solutions, and continue to focus on emerging markets, helping our customers to capture the explosive growth of regions like Southeast Asia and South America. This capital will bring us one step closer to realizing our mission of improving digital experiences for every organization and person, anywhere in the world.”

— Joe Zhu, Zenlayer’s Founder & CEO

“Zenlayer is an edge cloud technologies leader uniquely positioned to accelerate digital transformation across the world. IT Infrastructure is a critical need for digital enterprises and Zenlayer has demonstrated the immense value companies gain by improving their users’ digital experience. We’re excited to help Zenlayer accelerate their rapid growth and expansion, and continue to innovate edge cloud computing to new heights.”

— George Yang, Chief Investment Officer, Anatole Investment

“Zenlayer has a remarkable competitive edge. Its exponential growth has made Zenlayer an ideal investment target for Prospect Avenue Capital. Zenlayer is positioned to meet the demands of emerging markets in Southeast Asia, South America, and Northern Africa with its global coverage, low latency edge cloud solutions, and strong infrastructure.”

— Ming Liao, Founding Partner, Prospect Avenue Capital

“We began our relationship with Zenlayer in 2019 and have observed the strength and contributions of their team and growth potential first-hand. We are excited to participate in this latest round of financing to continue Zenlayer’s mission of improving digital experiences for everyone in the world through edge cloud services, instantly.”

— Suyang Zhang, Managing Partner, Volcanics Venture