Aviatrix Valued at $2 Billion With $200 Million Series E

<p><strong><span class&equals;"xn-location">SANTA CLARA<&sol;span><&sol;strong> &&num;8212&semi; Aviatrix&comma; a provider of cloud networking and network security&comma;  has raised <span class&equals;"xn-money">&dollar;200 million<&sol;span> in growth funding led by TCV&period; Additional new investors include Insight Partners and Tiger Global&comma; while existing investors CRV&comma; Formation 8&comma; General Catalyst&comma; Greenspring Associates&comma; Ignition&comma; Liberty Global Ventures&comma; Meritech Capital and TrueBridge Capital Partners also participated in the round&period; This Series E funding raises Aviatrix&&num;8217&semi;s valuation to <span class&equals;"xn-money">&dollar;2 billion<&sol;span>&comma; which has more than doubled in six months since the previous round&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Enterprise adoption of a multi-cloud strategy has gone mainstream&comma; which combined with an outstanding team drove our decision to invest in the cloud networking leader of this massive market transformation&comma;&&num;8221&semi; said <span class&equals;"xn-person">Tim McAdam<&sol;span>&comma; general partner at TCV&period; &&num;8220&semi;Aviatrix&&num;8217&semi;s ability to quickly deliver enterprise customer value and establish itself as mission-critical in these large organizations is both impressive and indicative of long-term growth&period;&&num;8221&semi;<&sol;p>&NewLine;<p>As part of the funding round&comma; McAdam will also join the Aviatrix Board of Directors&period;<&sol;p>&NewLine;<p>This growth-stage investment will enable the company to scale its worldwide sales and support operations at a time when enterprises en masse are investing in enterprise-class cloud networking and network security&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The transformation to cloud is being driven by CEOs to deliver business agility&comma;&&num;8221&semi; said <span class&equals;"xn-person">Steve Mullaney<&sol;span>&comma; CEO of Aviatrix&period; &&num;8220&semi;The cloud network infrastructure can&&num;8217&semi;t rely on the horrible&comma; complex operational model of the 1990s data center to deliver on that agility&period;  Enterprises need the visibility and security controls they had on-prem&comma; but with the operational simplicity and automation of cloud&period; Only Aviatrix can deliver this value&period;&&num;8221&semi;<&sol;p>&NewLine;