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Teridion Raises $9M Led by Jerusalem Venture Partners to Meet Growing Global Demand for Cloud Networking and WAN Services
Teridion announced that it has closed $9 million in financing, led by Jerusalem Venture Partners (JVP), with participation from existing investors Magma Ventures and SingTel Innov8. The financing, an addition to its Series B round of funding, brings the company's total funding to $35 million. 

Teridion delivers Teridion for Enterprise, the industry's first and only public cloud-based WAN service to deliver carrier grade, SLA-backed performance and reliability with the agility, elastic scale, and global reach of the public cloud. Teridion's cloud-based WAN service is powered by Teridion Curated Routing, an innovative and cloud native approach to routing that draws on the power of deep learning that brings hierarchical and centralized routing to enterprise networking to radically improve WAN, application and SaaS performance.

"Enterprise networking is radically evolving," said Gadi Porat, Partner at JVP. "The Internet is the new LAN, and Teridion is pioneering the use of the powerful capabilities of the public cloud in enterprise networking, the same way public cloud providers caused a revolution in data center compute. Teridion's curated routing and ability to deliver a high performance, highly reliable WAN globally at broadband price points illustrates the power and capability of the Cloud edge. We see a significant opportunity with this investment, and look forward to working with Teridion as they continue to innovate in enterprise networking and the Cloud edge."

"We have proven the Teridion technology and the business model with our SaaS offering for the past 3 years, and this new investment further enables us to bring our service to the enterprise market," said Saar Gillai, CEO of Teridion. "We have seen strong traction among enterprise customers, channel partners, and technology partners since our Teridion for Enterprise announcement last November, and we are aggressively entering this new market with expanded sales and marketing efforts."

Today enterprises are moving business critical applications from the enterprise data center to the cloud, and focusing their WAN high performance, cost effective, and agile WAN services and next-generation SD-WAN. With Teridion for Enterprise, enterprises can benefit from accelerated and highly reliable traffic to SaaS applications, public cloud workloads, and between their sites, through a low-cost standard Internet connection.
Published Thursday, April 04, 2019 10:05 AM by David Marshall
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