News Venture Capital

Graphiant Closes $62 Million Series B

SAN JOSEGraphiant, a provider of next-generation edge services, has closed a $62 million Series B funding round. The round brings the company’s total funding to $96M. The funding will be used to enable continued growth as Graphiant’s next-gen architecture gains momentum.

The round was led by Two Bear Capital with participation from Sequoia Capital, Atlantic Bridge, Harpoon Venture Capital Partners and others.

“The reaction to Graphiant’s network edge has been swift and enthusiastic,” said Khalid Raza, founder of Graphiant. “It has been much faster than what we saw with MPLS at Cisco or SD-WAN with Viptela. Graphiant has hit a nerve.”

Graphiant provides a next-gen network edge that combines the performance and security of MPLS with the agility that is only attainable with “as-a-Service” delivery. By combining modern “as-a-Service” delivery with a high-performance private network, Graphiant offers true SLA-class performance at up to 70% less cost.

“The value proposition Graphiant provides to large enterprises is clearer and more dramatic than any other solution out there, so the early and strong adoption of Graphiant by that market has not been a surprise,” said Mike Goguen, Founder and Managing Partner at Two Bear Capital. “But seeing large service providers also enthusiastically partner with Graphiant has been unexpected and significantly boosts the company’s potential for massive and positive impact on the global WAN market as a whole.”

Graphiant addresses three important use cases. First, enterprises can use Graphiant to connect enterprise resources. Second, they can connect to multiple public clouds. And third, enterprises can connect to other businesses, such as partners or customers.

“It’s not often a company can fundamentally change an industry,” says Bill Coughran, partner at Sequoia Capital. “Graphiant has a chance to do precisely that. That’s why Sequoia has continued to invest in them.”