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[Funding News] CA-based Alkira Secures $100Million in Series C Round Funding

Alkira®, the leader in on-demand network infrastructure as-a-service, Secures $100 million in series C funding round, bringing the company’s total funding raised to date to $176 million.

Alkira®, the leader in on-demand network infrastructure as-a-service, Secures $100 million in series C funding round, bringing the company’s total funding raised to date to $176 million.

The round was led by Tiger Global Management, a leading global investment firm, with additional investment from Dallas Venture Capital, Geodesic Capital and NextEquity Partners; and participation from existing investors, including, Kleiner Perkins, Koch Disruptive Technologies and Sequoia Capital.

Amir Khan, CEO at Alkira said, “The explosive growth of cloud applications and A.I. workloads are fueling a surge in demand for agile, secure, scalable cost-efficient networking solutions, We’re fortunate to have strong partners to help us meet that demand while we accelerate growth, explore exciting new opportunities, and continue delivering exceptional value to our customers. Our talented team is the engine behind Alkira’s success, and we’re deeply grateful for their hard work and dedication in getting us to this point.”

According to Gartner, in 2024, worldwide end-user spending on public cloud services is forecast to total $679 billion and projected to exceed $1 trillion in 2027. This digital transformation is compelling enterprises to rethink their complete network infrastructure.

Read also – [Funding News] NYC-based Pepper Secures $30Million in Series B Round Funding

Long-term trends like Artificial Intelligence (A.I.) are further reshaping how organizations use data, making efficient and secure networking even more critical. With its innovative network infrastructure as-a-service platform, Alkira empowers businesses to seamlessly deploy, manage and optimize their entire network infrastructure to prioritize efficiency, agility, security and scalability.

Avie Tevanian, co-founder and managing director of NextEquity Partners said,“The future of technology is predicated on innovative solutions that are not only powerful but also accessible and easy to use, Alkira’s on-demand networking infrastructure is exactly that – it delivers tremendous value and simplifies the most difficult network challenges for enterprises. We’re excited to be a part of their journey as they continue to push the boundaries of network infrastructure.”

Arvind Ayyala, partner, investments at Geodesic Capital said, “Co-founders Amir Khan and Atif Khan, who successfully built and exited a networking company, have now put together an incredible team with deep technical knowledge and expertise in the networking space, We’re proud to support their innovative approach to creating on-demand network infrastructure and a comprehensive solution addressing both NaaS and cloud networking while integrating security — all crucial and perfectly aligned with today’s cloud and AI-first era.”

John Remo, SVP, global infrastructure and security at Warner Music Group said, “The entertainment industry never sleeps, and Warner Music Group has been working with Alkira for years to revolutionize how we manage and protect our network infrastructure, Alkira’s innovative platform has not only simplified network management but has also empowered us to prioritize business growth initiatives with confidence. With Alkira, we’ve gained the agility and flexibility needed to navigate the dynamic entertainment landscape, and we look forward to the future, together.”

About Alkira

Alkira is the leader in on-demand network infrastructure as-a-service. They unify multiple clouds, sites, and users via an enterprise network built entirely in the cloud. The network is managed using the same controls, policies, and security systems network administrators know, is available as a service, and can instantly scale as needed.

There is no new hardware to deploy, no software to download, and no cloud architecture to learn. Alkira’s solution is trusted by Fortune 100 enterprises, leading system integrators, and global managed service providers.

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