Aryaka, the first provider to offer WAN optimization and application acceleration solution that runs in the cloud, today announced that it has received $15 million in a Series B funding round, led by NexusVenture Partners with participation from Trinity Ventures and Mohr Davidow Ventures.
The company said that the latest investment will be used to advance the adoption of its cloud-based service in the midmarket and to better enable enterprises worldwide to rapidly deploy WAN optimization solutions without any capital expense. In its first round of funding Aryaka raised $14 million.
Founder and CEO of Aryaka, Ajit Gupta, said that the additional funding will accelerate the company’s progress and open new possibilities for growth, such as entering the growth markets of Asia and Europe. According to Mr. Gupta, Aryaka’s customer base is increasing at a rapid pace as more enterprises adopt cloud-based services to drive their business.
For small businesses that have employees working from multiple locations, whether they offshore, or have employees working from home, it is of key importance for the remote staff to have access to company data. WAN (wide-area network) is a technology that makes it possible. WAN optimization is created to resolve issues, such as redundant transmissions, packet delivery issues, and costs, that have been preventing WAN to work at its highest potential.