Wednesday, May 15, 2024

Alkira raises $100 million for network infrastructure as-a-service

Alkira, a start-up providing on-demand network infrastructure as-a-service, closed a $100 million Series C funding round, bringing the company’s total funding raised to date to $176 million. 

Alkira offers:

  • On-demand network infrastructure as-a-service with integrated security and networking services available globally
  • The ability to securely connect any cloud, any on-prem location, any remote user or app to any other point of presence
  • Agility, elasticity, intelligence, security, and scale for traditional networking use cases
  • A platform to build global, secure networks in minutes, eliminating the need to acquire hardware, manage physical circuits, and run software appliances or agents on-site

The company says its multi-cloud networking will be foundational for AI workloads spanning global networks.

“The explosive growth of cloud applications and A.I. workloads are fueling a surge in demand for agile, secure, scalable cost-efficient networking solutions,” said Amir Khan, CEO at Alkira. “We’re fortunate to have strong partners to help us meet that demand while we accelerate growth, explore exciting new opportunities, and continue delivering exceptional value to our customers. Our talented team is the engine behind Alkira’s success, and we’re deeply grateful for their hard work and dedication in getting us to this point.”

The round was led by Tiger Global Management, a leading global investment firm, with additional investment from Dallas Venture Capital, Geodesic Capital and NextEquity Partners; and participation from existing investors, including, Kleiner Perkins, Koch Disruptive Technologies and Sequoia Capital.

“Increasing cloud and A.I. use is also increasing the complexity, velocity, and scale requirements of network infrastructure,” said Rohit Iragavarapu, investor at Tiger Global. “We believe Alkira is well positioned to unlock the growing potential of this rapidly evolving space with its visionary approach, market traction, and cutting-edge technology.”

www.alkira.com

false