Aryaka funding rises higher with Goldman Sachs

21 May 2019 | Laurence Doe

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Aryaka has closed a $50 million Series F round of funding led by Goldman Sachs Private Capital Investing.

The new investment has brought the global managed software-defined wide area network (SD-WAN) firm’s funding to $184 million.

It was also announced that Matthew Dorr of Goldman Sachs will join Aryaka’s Board of Directors as a Board Member, and Michael Kondoleon will join as an observer.

Goldman Sachs will be joining existing investors including Trinity Ventures, Mohr Davidow Ventures, Nexus Venture Partners, InterWest Partners, Presidio Ventures, Third Point Ventures and DTCP.

The funding will be used to scale business operations, grow revenues and hire exceptional talent, as Aryaka continues to see larger deal sizes and global customer expansion.

The SD-WAN infrastructure market is set to boom over the next four years, reaching $4.5 billion by 2022, according to IDC.

Matthew Dorr, VP at Goldman Sachs Private Capital Investing, said: “We’re constantly evaluating the market for high-growth companies that are leaders in their space.

“Our research shows that Aryaka offers a compelling solution for the SD-WAN market that continues to grow exponentially including increased adoption of SD-WAN managed services.

“We decided to invest in Aryaka because of their highly differentiated offering, strong customer base, global footprint and their experienced management team.”

Aryaka has continued to accelerate business growth during the last 12 months, which has resulted in thousands of globally managed sites and significantly larger annual recurring revenue (ARR) streams.

The Company has also brought in seasoned members to its leadership team, established new go-to-market partnerships and continued to build out a best-in-class global network of points-of-presence (POPs).

These POPs have been supplemented with global Network Operations Centers (NOCs) and 24X7 support.

“We are extremely well positioned to help our customers drive WAN transformation and their multi-cloud and application performance initiatives; all while being delivered ‘as-a-service,” commented Matt Carter, CEO of Aryaka.

As multi-cloud requirements have grown, Aryaka has cemented partnerships with the leading public cloud providers including AWS, Microsoft Azure, Google, Oracle and others.

In addition, through partnerships with Palo Alto Networks, Symantec and Zscaler, Aryaka can offer edge security.

Aryaka currently has more than 800 global customers, including JAS Worldwide, HMSHost International, Makino, Pilot Freight, Element Solutions, Allegis, and City & Guilds Group.

Capacity recently spoke with Aryaka SVP and GM of EMEA Ian McEwan about the importance of security in SD-WAN deployments.