Graphiant – provider of next-generation edge services – announced the closing of a $62 million Series B funding round based on the company’s strong traction in both enterprise and service provider markets. And this funding round brings the company’s total funding to $96 million. The funding will be used for enabling continued growth as Graphiant’s next-gen architecture gains momentum.
Graphiant offers a next-gen network edge that combines the performance and security of MPLS with the agility that is only attainable with “as-a-Service” delivery. And by combining modern “as-a-Service” delivery with a high-performance private network, Graphiant offers true SLA-class performance at up to 70% less cost.
The company addresses three important use cases.
1.) Enterprises can use Graphiant to connect enterprise resources.
2.) The company can connect to multiple public clouds.
3.) Enterprises can connect to other businesses like partners or customers.
Since launching in September of 2022, Graphiant has achieved major milestones, including co-development and deployments with numerous enterprise customers; Graphiant Stateless core deployed in North America; technical partnership announced with Intel; Graphiant G-Force Partner Program launched
KEY QUOTES:
“The reaction to Graphiant’s network edge has been swift and enthusiastic. It has been much faster than what we saw with MPLS at Cisco or SD-WAN with Viptela. Graphiant has hit a nerve.”
- Khalid Raza, founder of Graphiant
“The value proposition Graphiant provides to large enterprises is clearer and more dramatic than any other solution out there, so the early and strong adoption of Graphiant by that market has not been a surprise. But seeing large service providers also enthusiastically partner with Graphiant has been unexpected and significantly boosts the company’s potential for massive and positive impact on the global WAN market as a whole.”
- Mike Goguen, Founder and Managing Partner at Two Bear Capital
“It’s not often a company can fundamentally change an industry. Graphiant has a chance to do precisely that. That’s why Sequoia has continued to invest in them.”
- Bill Coughran, partner at Sequoia Capital
“Graphiant’s promise with Network Edge is one of the most exciting technology trends in decades and represents a complete architectural shift in networking. We knew this was a stand-out founder with a big idea that will revolutionize this industry.”
- Brian Long, co-founder and managing partner of Atlantic Bridge
