Total amount raised
$340.8 Millions
Latest funding date
12/1/2022
Location
Aviatrix has successfully raised significant funding through multiple rounds, with the latest being a Venture - Series Unknown round on December 8, 2022. The company is backed by 14 investors, including notable names like CrossWork.us and TrueBridge Capital Partners.
Keep reading to explore the intricacies of Aviatrix's fundraising journey and the investors backing this innovative cloud networking platform.
What Is Aviatrix?
Aviatrix, founded in 2014 by Sherry Wei, is headquartered in Santa Clara, California. The company specializes in cloud networking, offering a platform that enhances visibility, security, and control for enterprises.
With a workforce of 251-500 employees, Aviatrix is trusted by over 500 leading enterprises. Their solutions simplify cloud networking, helping companies stay agile and secure.
In addition to their core platform, Aviatrix offers the Aviatrix Certified Engineer (ACE) Program, a leading multicloud networking and security certification.
How Much Funding Has Aviatrix Raised?
- Seed Round
- Amount Raised: $800K
- Date: September 2014
- Lead Investors: Monta Vista Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and validate the market need.
- Series A
- Amount Raised: $10M
- Date: February 2015
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $15M
- Date: January 2017
- Lead Investors: CRV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: $40M
- Date: October 2019
- Lead Investors: CRV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in sales and marketing.
- Series D
- Amount Raised: $75M
- Date: February 2021
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and further develop the platform.
- Series E
- Amount Raised: $200M
- Date: September 2021
- Lead Investors: TCV
- Valuation at Round: $2 billion
- Motivation Behind the Round: To scale worldwide sales and support operations.
- Venture Round
- Amount Raised: -
- Date: December 2022
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and innovation in cloud networking.
Total Amount Raised: $340.8M. Current Valuation: $2 billion.
Key Investors
- TCV
- Details: TCV is a growth equity firm founded in 1995, known for backing companies that either go public or get acquired. They have supported more than 135 companies in achieving these milestones.
- Investment Focus Areas: Internet, software, FinTech, enterprise IT
- Notable Investments: Netflix, Facebook, Spotify
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in high-growth technology and software companies. They have a strong track record of helping companies scale.
- Investment Focus Areas: High-growth technology, software
- Notable Investments: Shopify, Twitter, Qualtrics
- Tiger Global
- Details: Tiger Global is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategy.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Stripe, ByteDance, JD.com
- CRV
- Details: CRV is an early-stage venture capital firm that has been investing in technology companies for over 40 years. They focus on helping startups grow and succeed.
- Investment Focus Areas: Early-stage technology
- Notable Investments: Twitter, Zendesk, DoorDash
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies across various sectors. They aim to support transformative companies.
- Investment Focus Areas: Early-stage, growth-stage companies
- Notable Investments: Airbnb, Stripe, Snap
What's Next for Aviatrix?
As Aviatrix looks to the future, the opportunities are vast. The company is poised to capitalize on the growing demand for multi-cloud strategies, offering advanced cloud networking and security solutions. With a recent $200 million funding round elevating its valuation to $2 billion, Aviatrix is well-positioned to scale its global sales and support operations, enhancing its market reach and customer base.
Future fundraising opportunities seem promising, given the strong investor confidence and rapid valuation growth. However, challenges such as intense competition and the need to keep pace with technological advancements could pose hurdles. Despite these challenges, Aviatrix's strategic focus on operational simplicity and automation in cloud infrastructure positions it well for continued success.
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