SDN Networking Platform Lavelle Networks Raises $2M in Funding Led by YourNest Venture Capital

0
265

The software defined networking solutions innovator plans for rapid enterprise business expansion

Lavelle Networks, India’s first SDN networking platform that solves the biggest challenges for enterprises connecting over a Wide Area Network (WAN), has completed a $2 mn Series A round of financing. YourNest Venture Capital led the funding round in addition to investments from Ideaspring Capital, KAAJ Ventures (B V Jagadeesh), and ASM Technologies Limited.

In a short span of four years, the Company has secured strong enterprise wins in India, solving the most difficult data networking challenges for distributed enterprises in using cloud applications. Their first-in-the-market solution – Network-as-a-Service – uses the cloud to automate, optimize and secure enterprise networks using next generation traffic analysis.

The Series A funding builds on an exceptional year for Lavelle in the enterprise market in FY19 with a rapidly growing roster of clients combined with a solid market momentum. The fresh funding will accelerate the Company’s rapid expansion program in FY20 into key digital transformation market opportunities.

Sunil K Goyal, Managing Director and Fund Manager, YourNest Venture Capital, said, “In the next two years, our focus through our second fund will be to identify nearly 20 deep-tech product companies that could be nurtured into market leaders globally. We are well on track to achieve this vision with Lavelle Networks joining our growing portfolio. It has shown great potential for enterprises where legacy network platforms are increasingly becoming a business bottleneck. The company’s cloud-based WAN solution for enterprises is disruptive and is poised to solve many networking challenges.”

“We are tremendously excited to partner with YourNest as we work to bring cutting-edge enterprise networking at transformative economies of scale to the emerging economies of the world. Back in 2017, Ideaspring joined hands with us to build a company we all want to be proud of and grow rapidly into a market force. We are extremely encouraged that such esteemed investors believed in us,” said Shyamal Kumar, Founder & CEO, Lavelle Networks.

READ  Coworking startup One Co.Work acquires smaller rival IShareSpace for Rs 3.5 Cr

“Lavelle Networks has achieved phenomenal growth over the past two years. Ideaspring is very happy to participate in this round as we believe Lavelle Networks will be one of the premier SD-WAN company” said Naganand Doraswamy, Managing Director, Ideaspring Capital.

The SD-WAN segment in the Indian market is poised to achieve a size of USD 250-500 mn in the next 5-7 years. With close to 4X growth in the financial year just ended, Lavelle Networks is poised to become a disruptive force in enterprise networking in the ensuing years.

Source: BW Disrupt

Follow Us On Facebook, Twitter & Instagram Please Share Your Stories, Press Release & Articles At [email protected]. To Read More News Daily, Subscribe To Our Push Notification at https://www.inventiva.co.in/

Comments

comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.