Aryaka Lands $15 Million in Funding, Launches Channel Program
Aryaka Networks Inc., a Milpitas, CA-headquartered provider of cloud-based software to optimize wide-area networks (WAN), recently said that it landed $15 million in second round funding from investors Nexus Venture Partners, Trinity Ventures and Mohr Davidow Ventures.
The company said that it will use the money, which adds to $14 million it secured in initial financing, to drive adoption among mid-market customers of its service-based model.
"This round will be used to fuel our sales and marketing growth and to push into growth markets in Asia and Europe," said Ajit Gupta, Aryaka founder and chief executive.
In late May, 2011, Aryaka initiated a new channel program, called Emergence, aimed at cloud providers, value-added resellers, agents, service providers and technology partners to offer the vendor's cloud-based WAN optimization services through third-party providers.
"Via our partners, emerging enterprises can take advantage of a new cloud-based approach to WAN optimization that provides the same high level of performance to distributed workers around the world," said Gupta.
"Our partners don't having to worry about inventory management while retaining a continuous revenue stream through the life of enterprise customer relationships," he said.
The vendor named as Emergence program members OpSource, a cloud and managed hosting provider based in Santa Clara, CA; Equinix, a platform provider for data centers based in Redwood City, CA; Netmagic, an India-based provider of managed IT hosting services; Internet Binat, an Israel-based Internet service provider; Tredent Data Systems, a Newbury Park, CA-based data communications provider; and, Wepsol, an IT solutions company based in India.
"Our alliance program has seen tremendous response allowing providers to expand beyond the traditional model and participate in the cloud revolution," said Gupta.
Aryaka's competitive edge is that its cloud-based application acceleration and WAN optimization translates to speedier applications and less downtime from sub-par WAN transmission. Its solutions are intended to provide seamless connections between multiple enterprise branch locations. Such connections typically are provided through appliances in each location.
"The Aryaka network is fully operational, our new Emergence strategic alliance program is gaining more partners every day and our customer base is rapidly growing as more enterprises migrate to cloud-based services to drive their business," Gupta said.
The company pointed to estimates from researcher Gartner Inc. that peg the WAN optimization market at some $1.9 billion by the end of this year.