NaaS Startup Graphiant Pulls in $62M for Its Connectivity Technology
Network-as-a-service (NaaS) startup Graphiant has navigated the current difficult environment by raising $62 million in a Series B funding round led by Two Bear Capital. Combinded with Graphiant’s Series A funding, the latest round brings the company’s total funding to $96 million.
The funding, which also included participation from Sequoia Capital, Atlantic Bridge and Harpoon Ventures, comes six months after Graphiant’s launch from stealth mode.
The San Jose-based company offers a networking platform that enables enterprise connectivity by linking together a company’s cloud environments, data centers and other technologies to accelerate and streamline deployment.
“The reaction to Graphiant’s network edge has been swift and enthusiastic,” said Khalid Raza, founder of Graphiant. “It has been much faster than what we saw with MPLS at Cisco or SD-WAN with Viptela. Graphiant has hit a nerve.”
Raza was previously CTO and co-founder of SD-WAN supplier Viptela, which was acquired by Cisco in 2017 for $610 million. Raza and several other Viptela executives took positions with Cisco after the acquisition, later reuniting to form Graphiant.
Graphiant’s platform can connect to Amazon Web Services (AWS), Google Cloud Platform (GCP), or other clouds through the platform portal, according to the company.
