Viptela, a start-up based in San Jose, announced $75 million in Series C funding for its Software-Defined WAN (SD-WAN) platform. The company cites deployments by more than 25 Fortune 500 enterprises including some of the world’s largest retailers, financial institutions, conglomerates, healthcare organizations and other businesses that have many geographically distributed locations. The company has licensing partnerships with Tier-1 carriers Verizon and Singtel; and has been recognized as a Gartner Cool Vendor and a Next Billion Dollar Startup by Forbes.
Viptela said it plans to use the proceeds to scale sales, marketing, technical support and research & development to meet aggressive customer demand for its products and execute its global go-to-market strategy.
The round was led by Redline Capital with participation from new investor Northgate Capital and existing investor Sequoia Capital. This brings total funding to nearly $110M.
“Our ability to raise this level of financing, while many technology vendors are struggling to raise capital or experiencing ‘down rounds’ is a testament to our team, technology and execution,” said Amir Khan, CEO of Viptela. “These funds will enable us to add the resources to expand into new geographies, extend our lead in this hyper-growth sector and capture a lion’s share of the market.”
The company said the new product extends the business case for SD-WAN to smaller companies, home/remote offices, ATMs and other sites that don’t require the scalability of the company’s existing enterprise and campus vEdge models.
The Viptela vEdge-100 provides the same secure data connectivity over any transport technology as the vEdge-1000 and 2000 router models, while adding integrated support for 3G/4G/LTE connections and Wireless LANs. It can be deployed without any onsite configuration and is centrally managed via the cloud. The unit is fully integrated with the Viptela SEN platform and establishes secure DTLS sessions with the vSmart controller and IPsec sessions with other vEdge routers. It performs full IP router functions including OSPF, BGP, QoS, ACLs, etc.
“Increasing bandwidth requirements being generated by cloud, mobile and unified communications applications are making the use of MPLS connections cost prohibitive, especially for small/home offices, remote sites, retail outlets and ATMs,” said Ramesh Prabagaran, Vice President of Product Management at Viptela. “The new line of vEdge-100 devices opens up the use of SD-WAN to a wide range of new business locations with the addition of integrated wireless capabilities. It eliminates the complexity associated with using third-party add-ons or external modems to deploy 3G/4G/LTE as a WAN connection. Like all our vEdge models, it supports zero-touch deployment and is centrally managed which eliminates need for an onsite technician to bring new sites online.”
The new Verizon service, powered by Viptela, allows enterprises to “mix and match” private and public IP connections such as MPLS, wireless LTE, broadband and Ethernet to meet an organization’s unique application requirements based on geographic location, bandwidth and application service availability needs. The new managed service is being offered in the U.S., Europe and the Asia Pacific region. It is delivered from Verizon’s cloud and will be supported by Verizon’s IT consulting group.
The Viptela SD-WAN solution expands Verizon’s Managed SD WAN portfolio currently based on Cisco’s iWAN technology in the US, Europe and the Asia-Pacific region.
Key features of Viptela’s SD-WAN platform:
- Centralized management and increased agility: Deploy changes in service policies in minutes using centralized management and zero-touch capabilities
- Application performance and service availability: Visibility into application and infrastructure performance to enable informed decisions on resource utilization and application tuning
- Security: Every device is authenticated and every packet encrypted in the network for added protection while supporting network segmentation
- Service-chaining: Enables supplementary L4 – L7 services like WAN optimization, firewalls and data leak prevention delivered from the Verizon cloud across the enterprise network