Aviatrix closes $40m Series C round led by CRV

Aviatrix, a provider of networking and security services for the cloud space, has raised $40m in its Series C.

The round was led by previous Aviatrix backer CRV and additional participation from Formation 8, Ignition Partners and Liberty Global Ventures.

Funds from the round will be used to scale sales, channel, customer support, marketing and product development operations to meet rising demand.

Aviatrix is a network and security services provider for the multi-cloud enterprise, helping businesses to ensure secure operations on the cloud. Its services include user virtual private networks (VPNs), firewalls and encryption

Aviatrix CEO Steve Mullaney said, “Business and application owners demand networking and security teams provide the same level of resiliency, performance, functionality and security in the cloud as they get on premises.

“The basic constructs of AWS and the other public clouds do not give enterprises the toolset required to accomplish this, and it is causing a great deal of pain for IT moving to the cloud. Aviatrix gives enterprise IT an architecture to provide a common set of networking, security and operational services across one or more public clouds.

“We’re seeing unprecedented demand from some of the largest organizations, and this latest funding will enable us to extend our demonstrable market leadership even more quickly.”

After the fresh funds, the cybersecurity company has raised a total of $76m.


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