Graphiant, a San Jose, CA-based provider of next-generation edge services, announced that it closed $62 million in Series B funding, bringing its total funding to $96 million.
The round was led by Two Bear Capital, with participation from Sequoia Capital, Atlantic Bridge, Harpoon Venture Capital Partners, and Others
The funding will be used to enable continued growth as Graphiant's next-gen architecture gains momentum.
"The reaction to Graphiant's network edge has been swift and enthusiastic," said Khalid Raza, founder of Graphiant. "It has been much faster than what we saw with MPLS at Cisco or SD-WAN with Viptela. Graphiant has hit a nerve."
The company provides a next-gen network edge that combines the performance and security of MPLS with the agility that is only attainable with "as-a-Service" delivery. By combining modern "as-a-Service" delivery with a high-performance private network, Graphiant offers true SLA-class performance at up to 70% less cost.
Graphiant addresses three important use cases. First, enterprises can use Graphiant to connect enterprise resources. Second, they can connect to multiple public clouds, and third, enterprises can connect to other businesses, such as partners or customers.
Company: Graphiant Inc.
Raised: $62.0M
Round: Series B
Funding Month: March 2023
Lead Investors: Two Bear Capital
Additional Investors: Sequoia Capital, Atlantic Bridge, and Harpoon Venture Capital Partners
Company Website: https://graphiant.com/
Software Category: Edge Services
About the Company: Founded in 2020 and led by Khalid Raza, Graphiant is a Silicon Valley-based provider of next-generation edge services. The company has developed the Graphiant Network Edge, an "as-a-Service" solution that provides connectivity between the enterprise WAN, hybrid cloud, network edge, customers, and partners. Graphiant’s Network Edge combines MPLS-like performance (guaranteed delivery and privacy) and Internet-class agility to enable network architects to build enterprise-grade networks at the speed of business.
Source: https://www.globenewswire.com/en/news-release/2023/03/28/2635623/0/en/Graphiant-Raises-62M-to-Revolutionize-the-60-Billion-Secure-Private-Networking-Market-for-Businesses.html