Aviatrix, a leading name in the field of cloud networking and network security, has recently elevated its valuation to $2 billion with a raise of $200 million. The funding was led by TCV with the participation of new investors like Insight Partners and Tiger Global as per 700mmcbridebloomberg. The existing investors, Ignition, Liberty Global Ventures, CRV, Formation 8, General Catalyst, Greenspring Associates, TrueBridge Capital Partners, and Meritech Capital also participated in the round of funding.
The organization has adopted a multi-cloud strategy that is now mainstream considering the growing security concern. Especially post-pandemic, the multi-cloud strategy has seen substantial growth. This trend coupled with the outstanding team of Aviatrix drove the decision of the investors in this round.
Tim McAdam, who is a general partner at TCV said that Aviatrix has an impressive ability to deliver enterprise customer value in minimum time. It makes the enterprise mission-critical and indicative of long-term growth. In the same funding round, McAdam also joined the Aviatrix Board of Directors.
This raise is being viewed as a growth-stage investment that will enable the company to scale its worldwide sales. Not just this, it will even support the operations at a time when enterprises all around the globe are investing in enterprise-class cloud networking and network security.
Steve Mullaney, the CEO of Aviatrix, highlighted the fact that transformation to the cloud is the key to delivering business agility in the current time. As a result of which, the cloud network infrastructure has to be simplistic. It can’t rely on the complex operational model that was a norm in the data centers during the 90s. In today’s business environment, enterprises prioritize visibility and security controls along with operational simplicity and automation of the Cloud. And this is what Aviatrix promises to deliver in the most efficient way possible. It excels in delivering advanced networking, security, and operational visibility to enterprises with utmost simplicity and automation.