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Nexus, Trinity Back Series A Round In Cloud Computing Firm

22 September, 2010

Aryaka Networks, US-based provider of the world’s first cloud-based application acceleration and WAN optimization solution with a significant presence in India, has raised $14 million including Series A funding from Nexus Venture Partners, Trinity Ventures, Mohr Davidow Ventures and Stanford University.

Founded in November 2008, California-based Aryaka Networks, Inc has its India office in Bangalore. The 75-employee strong company is headed by Ajit Gupta, owner of Speedera Network which was acquired by Akamai networks for more than $500 million.

Nexus Venture Partners has invested in internet & software companies such as Magic Rooms Solutions ($1.5 million), VMOPs Inc, mChek India Payment and Ekta software Solutions ($10 million). Trinity Ventures has already made investments in cloud computing such as Chinese firm-21Vianet, CrowdFlower, Loggly and New Relic.

A company statement said, “For an organization spending $6,000 per month on dedicated connectivity for six locations across the globe, Aryaka would deliver cumulative benefits, over a period of three years, in excess of $1 million. This figure is calculated bearing in mind the network savings and productivity gains. This translates to a 567% Return On Investment (ROI) over three years.”

The total addressable market for WAN Optimization is rapidly growing and projected to reach $4.27 billion globally by 2014.

The explosive demand for WAN optimization stems from the market demand for solutions that enable strategic IT initiatives, including real-time collaboration for higher-quality, unified communications; data center consolidation; server and storage centralization; and disaster recovery, said the statement.


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Nexus, Trinity Back Series A Round In Cloud Computing Firm

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