VeloCloud Networks Garners $27,000,000 Series C Financing Round

  • Feed Type
  • Date
    1/14/2016
  • Company Name
    VeloCloud Networks
  • Mailing Address
    295 N. Bernardo Ave. Mountain View, CA 94043 USA
  • Company Description
    VeloCloud believes in the power of Cloud based Networking. We are working to transform the entire equation of connectivity. By making the internet work harder. By applying Cloud-based approaches to processes that haven’t changed in decades. By upending the economics of traditional WAN.
  • Website
    http://www.velocloud.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $27,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The funding will be used to expand business operations as the company accelerates new product development and customer rollouts, and ramps up sales and marketing in expanded theaters to meet growing global demand.
  • M&A Terms
  • Venture Investor
    March Capital Partners
  • Venture Investor
    New Enterprise Associates
  • Venture Investor
    Venrock