Showing posts with label VeloCloud. Show all posts
Showing posts with label VeloCloud. Show all posts

Wednesday, June 18, 2014

VeloCloud Raises $21 Million for its Cloud-WAN Vision

VeloCloud Networks, a start-up based in Los Altos, California, announced $21 million in funding for its Cloud-Delivered WAN vision.

VeloCloud plans to use a Cloud Orchestrator to provide centralized, enterprise-wide configuration and real-time monitoring of WAN connections.  The goal is to dramatically simplify the WAN by delivering virtualized services from the cloud to branch offices and mobile users.

The funding was led by leading venture capital firms New Enterprise Associates (NEA) and Venrock as well as incubator firm, The Fabric.

“VeloCloud aims to fundamentally alter the economics of the WAN while simplifying and automating network operations for distributed enterprises,” said VeloCloud co-founder and CEO, Sanjay Uppal. “We are delighted to have the support of top-tier venture partners and are poised to build our channels, scale business development activities and create a strong ecosystem.”