Photo Credit: Teridion
Teridion, a public cloud-based WAN service company backed by a carrier-grade SLA, announced it raised $9 million in funding led by Jerusalem Venture Partners (JVP). Existing investors Magma Ventures and SingTel Innov8 also participated in this round of funding.
Founded by David Maman, Doron Samelson, Elad Rave, Teridion has raised a total of $35 million. And this financing is an addition to the Series B round.
“We have proven the Teridion technology and the business model with our SaaS offering for the past 3 years, and this new investment further enables us to bring our service to the enterprise market,” said Teridion CEO Saar Gillai. “We have seen strong traction among enterprise customers, channel partners, and technology partners since our Teridion for Enterprise announcement last November, and we are aggressively entering this new market with expanded sales and marketing efforts.”
Teridio’s Teridion for Enterprise service is the first and only public cloud-based WAN service to deliver carrier-grade and SLA-backed performance and reliability with the agility and elastic scale of the public cloud. Using Teridion for Enterprise, enterprises benefit from accelerated and highly reliable traffic to SaaS applications, public cloud workloads. Teridion’s cloud-based WAN service is powered by Teridion Curated Routing — which is an innovative and cloud native approach to routing and is powered by deep learning.
“Enterprise networking is radically evolving,” added JVP partner Gadi Porat. “The Internet is the new LAN, and Teridion is pioneering the use of the powerful capabilities of the public cloud in enterprise networking, the same way public cloud providers caused a revolution in data center compute. Teridion’s curated routing and ability to deliver a high performance, highly reliable WAN globally at broadband price points illustrates the power and capability of the Cloud edge. We see a significant opportunity with this investment, and look forward to working with Teridion as they continue to innovate in enterprise networking and the Cloud edge.”
