– USA, CA – Alkira Inc., the Network Cloud pioneer, today announced a $54M Series B funding led by Koch Disruptive Technologies with participation from Sequoia Capital, Kleiner Perkins, GV, and others, bringing the total raised to date to $76M.
Concurrent with the financing, Jason Illian, Managing Director of KDT, will join the Board of Directors.
“Amir and Atif Khan have an unmatched track record, team, and architecture for the Network Cloud, which we believe will be more disruptive than SD-WAN,” said Jason Illian, Managing Director of Koch Disruptive Technologies. “We see a changing business model as companies recognize the value in moving to a network on demand. In Koch’s case, Alkira’s technology has allowed the company to execute its cloud networking operations in days or just hours from what used to be six to 18 months.”
The new funds will be used to scale the company to meet the global market demand for the Alkira Cloud Services Exchange. The Alkira CSX is a Network Cloud, a global unified network infrastructure delivered as-a-service with 1) connectivity for hybrid and multi-cloud networks 2) integrated network and security services, and 3) end-to-end operational visibility and governance.
“Koch Industries is a significant customer to cloud providers, and we have seen first-hand how Alkira’s powerful and intuitive network simplifies a company’s transition to the cloud,” said Chase Koch, president of Koch Disruptive Technologies. “At Koch’s scale an agile, global, end-to-end network is critical to our competitiveness and growth and we are excited to lead Alkira’s Series B investment.”
“Alkira has seen a tremendous response from customers and technology and GTM partners to deploy and deliver the Alkira Network Cloud. We are honored to have our Series B led by Koch, an early customer who deployed Alkira Cloud Services Exchange and shares our vision to transform networking,” said Amir Khan, President, CEO, and founder of Alkira. “Koch has entrusted Alkira to rebuild their cloud network backbone and expand their network infrastructure to multi-cloud. We are delighted to welcome Jason Illian to our Board, and to receive the ongoing support from Sequoia, Kleiner Perkins, and GV on this exciting journey.”
Koch Disruptive Technologies is an investment firm and a subsidiary of Koch Industries, Inc., which is an Alkira customer and one of the largest private companies in America. Koch has an estimated annual revenue of $115 billion according to Forbes, with 130,000+ employees in 70+ countries, across dozens of industries. KDT invests in emerging high-growth technologies across a range of industries that improve Koch’s core capabilities, as well as those that reinvent markets and create entirely new platforms poised to change the world.
Alkira Board of Directors:
- Amir Khan, President, CEO, Chairman and Founder at Alkira
- Atif Khan, CTO, and Founder at Alkira
- Bill Coughran, Partner at Sequoia
- Mamoon Hamid, Partner at Kleiner Perkins
- Jason Illian, Managing Director at Koch Disruptive Technologies, LLC
Alkira CSX is the first and only global network cloud-delivered as-a-service. It offers a consistent and dramatically simplified networking experience for on-premises, cloud, and multi-cloud environments with integrated network and security services, and full operational visibility and governance. With Alkira, your entire end-to-end network is drawn on a digital design canvas, provisioned in 1-click, and ready for use in minutes. No hardware to procure, no software to download, and no cloud to learn. Alkira extends your enterprise infrastructure into the cloud and is a trusted solution for leading global Enterprises, system integrators, and managed service providers.
About Koch Disruptive Technologies
Koch Disruptive Technologies is a unique investment firm, focused on empowering founders to create a could-be world. KDT provides a flexible, multi-stage investment approach which includes both traditional venture and growth stages. We work with principled entrepreneurs who are building transformative companies, disrupting the status quo, and creating new platforms. KDT is a subsidiary of Koch Industries, one of the largest privately held companies in the world with $115 billion in revenue and operating in more than 70 countries. KDT helps its partners to unlock their full potential by bringing Koch’s capabilities and network to them, structuring unique capital solutions, and embracing a long-term, mutual benefit mindset.
For more information: https://kochdisruptivetechnologies.com/
Alkira developed the Network Cloud that allows Enterprises to build and deploy a global hybrid or multi-cloud network-as-a-service in minutes. Alkira Cloud Services Exchange delivers network connectivity, advanced services with complete governance, and is so intuitive and simple to build and operate that no training or certification is needed. Alkira was founded by CEO Amir Khan, founder and former CEO of Viptela, and Atif Khan, CTO, who was VP of Integrated Solutions and a member of the Viptela founding team. Alkira has raised $76M from Sequoia Capital, Kleiner Perkins, Koch Disruptive Technologies, LLC, and GV Capital.
For more information: https://www.alkira.com/
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