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Software-Defined WANs: Viptela gets $75M in funding

Discussion in 'Network World' started by RSS, May 25, 2016.

  1. RSS

    RSS New Member Member

    Looking to continue tapping a market IDC says will be worth $6 billion by 2020, Software-Defined WAN company Viptela today said it raised $75M in a Series C round of financing.

    The new round of funding brings Viptela’s total funding to about $110M.

    The company said it would use the proceeds to grow sales, marketing, technical support and research and development.

    +More on Network World: What network technology is going to shake up your WAN?+

    This funding round was lead by investments from Redline Capital and new investor Northgate Capital as well as existing investor Sequoia Capital. Also as part of the financing, Tatiana Evtushenkova, Director of Redline Capital has joined the Viptela Board of Directors.

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