– USA, CA – Webscale Networks, the leader in multi-cloud web application delivery and control, today announced that it has raised $12 million through a Series A1 round of funding, bringing the company’s total financing raised to $20 million. Silicon Valley firm, Mohr Davidow Ventures (MDV) led the round, which also included new investment from Benhamou Global Ventures (BGV), Grotech, and Silicon Valley Bank. Under the terms of the funding, Jim Smith, general partner at MDV, and Anik Bose, general partner at BGV, have joined the Webscale board of directors.
The funding will be used to serve the rising demand for Layer 4-7 functionality delivered as-a- service within all cloud environments, public, private or hybrid. Webscale’s software-defined cloud stack will drive new market opportunities in the company’s primary target segment of e-commerce and accelerate its plans to serve the growing demands of the enterprise. Employing machine learning and sessions analysis, Webscale’s integrated analytics bring an unprecedented level of insight into global web applications deployed by the enterprise.
“Webscale is pushing application delivery and control beyond the confines of the traditional network appliance, at a time when we’re increasingly seeing both existing applications moving to the cloud, and new applications born in the cloud,” said Jim Smith, general partner at Mohr Davidow Ventures. “With a first-mover advantage, a management team with broad experience in application delivery, and customer proof points, Webscale defines the future for this segment.”
“Large e-retailers understand the concept of front and back-end infrastructure scaling, which keeps their sites fast, secure and available. Webscale helps the remaining 99.9 percent of the market compete with them,” said Sonal Puri, CEO at Webscale. “Enterprise applications are becoming increasingly web-enabled, need to be cloud-agnostic, and easy to manage across infrastructures to avoid lock-in. Our expertise in providing these benefits in addition to constant availability, high-performance and enhanced security and analytics will serve us well as we expand into the broader enterprise.”
About Webscale Networks
Webscale is a pioneer in integrated web application delivery in the cloud. Delivered as-a- Service, the Webscale platform allows businesses of all sizes to benefit from application scalability, load balancing, high performance, outage prevention, improved security and simple management across multiple cloud providers. Experts in cloud technology and creating powerful solutions for mid-market e-commerce and enterprise customers, Webscale is headquartered in Silicon Valley, CA, with offices in Boulder, CO and Bangalore, India.
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
