CloudGenix has raised $65 million in series C financing, following an investment from Intel and a $25 million series B round in May 2015.
Bain Capital Ventures, Charles River Ventures, Mayfield Fund, Intel, and ClearSky Ventures participated in this latest round, bringing CloudGenix’s total venture capital to about $100 million.
CloudGenix’s platform, AppFabric, brings network apps from expensive equipment to WANs that span cellular, broadband, and multiprotocol label switching (MPLS) branch offices. It virtualizes networking components to merge connection types and employs tunneling to enable firewalls and other security, voice, and operations services.
Network administrators can control performance through a point-and-click portal, and set customizable rules and policies. CloudGenix can also autonomously respond to changes in transaction response times, throughput, and other app behaviors and network conditions.
CloudGenix claims the path selection and prioritization decisions made by its instant-on network technology, which can be deployed using either its hardware appliance or existing infrastructure, allows most customers to achieve more than twice the performance at less than half the cost of traditional hardware upgrades.
Plus, the platform integrates with products from security vendors and UCaaS providers including Palo Alto Networks, Symantec, and Zscaler, as well as cloud providers such as Amazon and operational tool vendors such as PagerDuty and ServiceNow.
