06 June 2018, India:
Avi Network has raised $60 million in Series D round of funding. The funding round was led by Cisco Investments. DAG Ventures, Greylock Partners, Lightspeed Venture Partners and Menlo Ventures also participated in the funding round. This brings Avi’s total funding to $115 million.
Amit Pandey, CEO of Avi Networks said, “Modern applications are driving a new urgency with which enterprises are automating their networks and application delivery systems.”
Amit Pandey added, “Cisco software and infrastructure are a cornerstone in this transformation. I am thrilled about this strategic investment from Cisco and our continued joint efforts to deliver the elasticity, intelligence, and multi-cloud capabilities that enterprises need.”
Rob Salvagno, vice president, Corporate Development at Cisco said, “We are excited at the opportunity to invest in Avi Networks.”
Rob Salvango added, “We believe Avi Networks has built a disruptive platform for L4 – L7 application services with a software-centric approach, enabling customers to scale network automation and application delivery across both private and public clouds.”
Murali Basavaiah, Co-founder and Vice President of Engineering at Avi Networks said, “Enterprises are deploying modern applications, which need advanced levels of automation to respond to changing demands and performance.”
Murali Basavaiah added, “That’s why Avi’s value proposition resonates so strongly. You simply declare the outcome you want, and Avi does the rest. The Avi Vantage Platform offers automation, elasticity, and intelligence across all enterprise operations, wherever they need application services.”
Brad Casemore, Research Vice President, Datacenter Networks at IDC said, “The rise of cloud-native application environments and the growing enterprise embrace of multi-cloud have combined to create demand for application services, which are network and security services that address application availability, performance, security, and identity and access management. Application services can be viewed as the disaggregation of capabilities that were formerly integrated into hardware devices such as ADCs, but are now becoming software-defined, loosely coupled, and composable.”
Brad Casemore added, “With its automated, intent-based application services, Avi offers its customers cloud-like agility, flexibility, and elasticity that physical ADCs were not designed to provide.”
Cisco resells the Avi Vantage Platform in markets around the world, and Avi closely integrates with Cisco ACI, Cisco’s intent-based networking and automation solution for the data center.
Avi Networks delivers public-cloud-like agility for application services beyond load balancing including deep application analytics, predictive autoscaling, and security in the data center or public cloud.
(Image – Avi Networks)