Graphiant Closes $62 Million Series B

<p><strong>SAN JOSE<&sol;strong> – <a href&equals;"https&colon;&sol;&sol;graphiant&period;com&sol;">Graphiant<&sol;a>&comma; a provider of next-generation edge services&comma; has closed a &dollar;62 million Series B funding round&period; The round brings the company’s total funding to &dollar;96M&period; The funding will be used to enable continued growth as Graphiant’s next-gen architecture gains momentum&period;<&sol;p>&NewLine;<p>The round was led by Two Bear Capital with participation from Sequoia Capital&comma; Atlantic Bridge&comma; Harpoon Venture Capital Partners and others&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The reaction to Graphiant’s network edge has been swift and enthusiastic&comma;” said Khalid Raza&comma; founder of Graphiant&period; &OpenCurlyDoubleQuote;It has been much faster than what we saw with MPLS at Cisco or SD-WAN with Viptela&period; Graphiant has hit a nerve&period;”<&sol;p>&NewLine;<p>Graphiant provides a next-gen network edge that combines the performance and security of MPLS with the agility that is only attainable with &OpenCurlyDoubleQuote;as-a-Service” delivery&period; By combining modern &OpenCurlyDoubleQuote;as-a-Service” delivery with a high-performance private network&comma; Graphiant offers true SLA-class performance at up to 70&percnt; less cost&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The value proposition Graphiant provides to large enterprises is clearer and more dramatic than any other solution out there&comma; so the early and strong adoption of Graphiant by that market has not been a surprise&comma;” said Mike Goguen&comma; Founder and Managing Partner at Two Bear Capital&period; &OpenCurlyDoubleQuote;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&period;”<&sol;p>&NewLine;<p>Graphiant addresses three important use cases&period; First&comma; enterprises can use Graphiant to connect enterprise resources&period; Second&comma; they can connect to multiple public clouds&period; And third&comma; enterprises can connect to other businesses&comma; such as partners or customers&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;It’s not often a company can fundamentally change an industry&comma;” says Bill Coughran&comma; partner at Sequoia Capital&period; &OpenCurlyDoubleQuote;Graphiant has a chance to do precisely that&period; That’s why Sequoia has continued to invest in them&period;”<&sol;p>&NewLine;