Aryaka, a San Mateo, California-based managed SD-WAN company, announced it closed a $50 million Series F round of funding led by Goldman Sachs Private Capital Investing. Including this round, Aryaka has raised a total of $184 million.
Goldman Sachs is joining existing investors including Trinity Ventures, Mohr Davidow Ventures, Nexus Venture Partners, InterWest Partners, Presidio Ventures, Third Point Ventures, and DTCP for this round. With this funding round, Aryaka is going to scale its business operations, grow revenues, and hire additional talent.
In conjunction with this funding round, Matthew Dorr of Goldman Sachs is joining Aryaka’s board of directors as a board member. And Michael Kondoleon — VP of the Special Situations Group – Private Capital Investing at Goldman Sachs — is joining as an observer.
“We are pleased to receive this investment from Goldman Sachs. This new investment allows us to further accelerate our business momentum and endorses our growth strategy,” said Aryaka CEO Matt Carter. “We are extremely well positioned to help our customers drive WAN transformation and their multi-cloud and application performance initiatives; all while being delivered ‘as-a-service’.”
Over the past year, Aryaka continued to accelerate business growth, which resulted in thousands of globally managed sites and significantly larger annual recurring revenue streams. And the company also brought in seasoned members to the leadership team. Plus the company established new go-to-market partnerships and continued to build a solid network of points-of-presence (POPs). The POPs have been supplemented with global Network Operations Centers (NOCs) and 24X7 support.
“We’re constantly evaluating the market for high-growth companies that are leaders in their space. Our research shows that Aryaka offers a compelling solution for the SD-WAN market that continues to grow exponentially including increased adoption of SD-WAN managed services,” added Dorr. “We decided to invest in Aryaka because of their highly differentiated offering, strong customer base, global footprint and their experienced management team.”
Aryaka has cemented partnerships with cloud providers like AWS, Microsoft Azure, Google, Oracle, etc. These partnerships are going to allow Aryaka to offer the industry’s best managed and cloud connectivity options. And it will deliver a true / multi-cloud solution. The company also has partnerships with Palo Alto Networks, Symantec, and Zscaler for bringing a full-fledged security solution to the edge. Currently, Aryaka has over 800 global customers including JAS Worldwide, HMSHost International, Makino, Pilot Freight, Element Solutions, Allegis, and City & Guilds Group.
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