Alkira, a provider of on-demand network infrastructure as-a-service, has successfully raised $100 million in a Series C funding round, elevating its total capital to $176 million. This latest investment was spearheaded by Tiger Global Management, with contributions from prominent firms such as Dallas Venture Capital, Geodesic Capital, Kleiner Perkins, Koch Disruptive Technologies, NextEquity Partners, and Sequoia Capital. Founded in 2018 and based in San Jose, California, Alkira offers a cloud-native platform that integrates security and networking services, enabling organizations to connect remote users and applications seamlessly across hybrid environments.
Alkira’s innovative platform supports a variety of cloud service providers and delivers comprehensive visibility across cloud networks without requiring physical hardware or on-site software appliances. This capability allows businesses to rapidly construct secure global networks while avoiding the complexities of traditional network management.
The recent funding will be allocated to expanding Alkira’s multi-cloud networking portfolio, introducing new connectivity modules for the global WAN network, and enhancing secure connectivity for business partners. Additionally, Alkira plans to prepare its network infrastructure for increased AI workloads and leverage AI to improve networking capabilities.
This significant financial boost highlights Alkira’s position as a key player in the network infrastructure market, poised to address the growing demand for secure, scalable, and efficient cloud networking solutions. The company’s continuous innovation and strategic growth initiatives underscore its commitment to transforming how organizations manage and secure their network infrastructures.
