Alkira

Alkira raises $54m Series B for network cloud offering

14 October 2020 | Abigail Opiah

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Network cloud company Alkira has announced a $54 million Series B funding led by Koch Disruptive Technologies (KDT).

The company also had participation from Sequoia Capital, Kleiner Perkins, GV (formerly Google Ventures), and others.

Alkira has raised $76 million to date, and have said that the new funds will be used to scale the company to meet global market demand for the Alkira Cloud Services Exchange (CSX).

“Koch Industries is a significant customer to cloud providers, and we have seen first-hand how Alkira’s powerful and intuitive network simplifies a company’s transition to the cloud,” said Chase Koch, president of Koch Disruptive Technologies.

“At Koch’s scale an agile, global, end-to-end network is critical to our competitiveness and growth and we are excited to lead Alkira’s Series B investment.” 

Koch Disruptive Technologies is an investment firm and a subsidiary of Koch Industries, Inc., which is an Alkira customer and one of the largest private companies in America.

“Amir and Atif Khan have an unmatched track record, team, and architecture for the Network Cloud, which we believe will be more disruptive than SD-WAN,” said Jason Illian, Managing Director of Koch Disruptive Technologies.

“We see a changing business model as companies recognize the value in moving to a network on demand. In Koch’s case, Alkira’s technology has allowed the company to execute its cloud networking operations in days or just hours from what used to be six to 18 months.”

Koch has an estimated annual revenue of $115 billion according to Forbes, with 130,000+ employees in 70+ countries, across dozens of industries.

“Alkira has seen a tremendous response from customers and technology and GTM partners to deploy and deliver the Alkira Network Cloud. We are honoured to have our Series B led by Koch, an early customer who deployed Alkira Cloud Services Exchange™ (CSX) and shares our vision to transform networking,” said Amir Khan, President, CEO and founder of Alkira.

“Koch has entrusted Alkira to rebuild its cloud network backbone and expand their network infrastructure to multi-cloud.

“We are delighted to welcome Jason Illian to our Board, and to receive the ongoing support from Sequoia, Kleiner Perkins, and GV on this exciting journey.”

Jason Illian, Managing Director of KDT, will join Alkira’s Board of Directors.