Nile: Next-Generation Enterprise Company Secures $175 Million

By Amit Chowdhry ● Aug 1, 2023

Nile – a leader in next-generation enterprise networks – announced a $175 million Series C investment round co-led by March Capital and Sanabil Investments with strategic participation from solutions by stc, Prosperity7, and Liberty Global Ventures, and contributions from 8VC, Geodesic Capital, FirstU Capital, and Valor Equity Partners. Nile’s recent raise brings its total funding to $300 million. This funding round reflects the significant progress the company is making to expand its global position and redefine the way enterprises consume IT infrastructures.

After emerging from stealth mode less than a year ago, Nile has built a market-leading network-as-a-service (NaaS) solution designed to deliver a more secure wired and wireless service through extensive monitoring, analytics, and automation. The company has rapidly expanded beyond North America into Europe, the Middle East, Africa, and Asia. It has seen increasing demand for its innovative access network service from organizations, including Stanford University, Pitney Bowes, and Carta. Collaborations with over 100 channel and service provider partners further underscore Nile’s growing market presence.

This funding round will further Nile’s mission to eliminate the operational complexities plaguing enterprise networks in their ability to support cloud-born enterprise IT solutions while delivering the highest levels of integrated defenses to protect both wired and wireless connectivity from cyber attacks. And with Nile, innovation is as swift at the enterprise edge as it is in the cloud, the burden of high upfront capital expenditure-based consumption is eliminated, and the automation of all network services is enabled with data-centric, zero-touch orchestration.

In the era of rapid transformation, CIOs and CISOs are more concerned than ever before about the integrity of their business data and digital assets. Built with a steadfast commitment to security, Nile’s service integrates Campus Zero Trust Network Access (ZTNA) principles by design. And it automates network access control (NAC) mechanisms that traditionally required significant manual effort to provision and maintain. And this unwavering focus on security has enabled Nile to achieve top-tier certifications, including ISO 27001, SOC2 Type II, and CSA Level 1, validating its position as a leader in network service delivery to enterprises.

KEY QUOTES:

“Nile is in a strong position to take advantage of several paradigm shifts occurring across the technology ecosystem. Cloud-born edge infrastructure solutions are altering the way we engage with each other and interact with physical spaces in offices, schools, and venues. AI is enabling data-driven decision-making to be adopted at a rapid pace. Cloud migration strategies for anywhere access to enterprise apps is top of mind for all IT executives, creating a tremendous opportunity for Nile. These trends present unique challenges in the way enterprise infrastructure is consumed, and Nile is committed to addressing them head-on, making our service as agile and innovative as the technology solutions it enables.”

– Pankaj Patel, CEO and co-founder of Nile

“In just four years, Nile has engineered an entirely new connectivity experience through a groundbreaking approach that prioritizes security and empowers IT to transform operations. Led by a team of seasoned industry veterans with extensive C-suite expertise and bolstered by a dedicated group of skilled engineers and architects, Nile is rapidly evolving into a market leader, ushering in a new era in networking that promises unparalleled possibilities. We’re thrilled to deepen our support for Pankaj, John Chambers, and their impressive bench of talent as they accelerate their momentum and continue to innovate the enterprise network at the forefront of the industry.”

– Sumant Mandal, co-founder and managing partner at March Capital

“Since the invention of the LAN [local area network] on our campus, we have taken pride in being at the forefront of new network innovations, and Nile has undoubtedly been a game-changer for us. After experiencing challenges with unreliable Wi-Fi, which interrupted classes, Zoom meetings, and everyday work for our computer science department, we turned to Nile to upgrade our network with a simplified and secure solution. As a result, our IT team is once again able to drive department innovations and focus on providing uninterrupted network performance to our students and staff, without being burdened by basic network tasks.”

– Andrej Krevl, Director of IT at Stanford