Aviatrix,
the cloud network platform, announced it has raised $75 million
in Series D funding. The round was led by General Catalyst and includes
new investors Greenspring Associates, Meritech Capital, and TrueBridge
Capital Partners. Existing investors CRV, Formation 8, Ignition, and
Liberty Global Ventures also participated in this round. This brings the
company's total financing to $151 million. Quentin Clark from General
Catalyst will be joining the company's Board of Directors.
"Whether
on-prem or in the cloud, enterprises have never been comfortable being
locked in to single-vendor IT solutions. As a result, multicloud
adoption will only pick-up pace as companies continue to migrate to the
cloud," said Quentin Clark, managing director, General Catalyst.
"Aviatrix has been well ahead of this trend, building the platform that
abstracts away the complexities of managing a multi-cloud estate. We see
real category-creating potential here for CEO Steve Mullaney and his
team."
This
growth-stage investment will be used by the company to scale sales,
partner channels, customer support, and product development
organizations to accommodate the increasing demand from enterprises for
multi-cloud networking solutions as businesses continue to move
mission-critical applications to the cloud.
"The
enterprise herd is on the move to multicloud," said Steve Mullaney, CEO
of Aviatrix. "Every day we're seeing more enterprises transforming
their business and shifting their center of gravity for their IT
infrastructure to cloud, and most of that is of course leveraging
multiple cloud service providers (CSPs). Our cloud network platform
delivers cloud-like simplicity and automation you expect from a cloud
native solution, but with the operations and security controls that
enterprises demand."