Cloud-delivered SD-WAN company, VeloCloud Networks, has closed a $35 million Series D round of funding, led by Hermes Growth Partners, to expand business, capacity and operations. The company has planned to accelerate new SD-WAN product development, supporting larger customer rollouts, and dramatically increasig sales and marketing in theaters worldwide.
VeloCloud cloud-delivered SD-WAN would enable enterprises to securely support application growth, network agility, and simplified branch and end-point implementations while delivering optimized access to cloud services, private data centers and enterprise applications.
Global service providers would be enabled to increase revenue, deliver advanced services and increase flexibility by delivering elastic transport, performance for cloud applications, and integrated advanced services – all via a zero-touch deployment and operations model. Both enterprises and service providers would benefit from the multi-tenant cloud gateway architecture and the ability to support real-time applications over private, broadband and wireless links.
”We have been following the exploding SD-WAN space very closely and recognize its potential to transform enterprise WAN,” said Bobby Yerramilli-Rao, founder and partner at Hermes Growth Partners. “We decided to invest in VeloCloud because of the company’s highly differentiated solution, superb track record with customers, and exceptional management team.” This funding brings VeloCloud’s total funding to $84 million.