Friday, May 3, 2019

Aryaka raises US$50 million to accelerate business development

KUALA LUMPUR, May 2 (Bernama) -- Aryaka®, the managed SD-WAN global leader has closed a US$50 million Series F round of funding, taking the total funding to US$184 million. (US$1 = RM4.14)

Led by Goldman Sachs Private Capital Investing, the funding will be used to scale business operations, grow revenue and hire exceptional talent.

Additionally, Aryaka also announced that Matthew Dorr of Goldman Sachs will join its board of directors as board member, and Michael Kondoleon, observer.

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

Aryaka Chief Executive Officer, Matt Carter said the new investment allowed the company to further accelerate its business momentum and endorse growth strategy.

“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’.”

Goldman Sachs Private Capital Investing Vice-President, Matthew Dorr said the company decided to invest in Aryaka because of its highly differentiated offering, strong customer base, global footprint and experienced management team.

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

More information at https://www.aryaka.com/

-- BERNAMA

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