Deutsche Telekom Backs Aryaka
January 23, 2017
has completed a $45 million Series D round of financing. The investment,
led by Third Point Ventures, adding new investor Deutsche Telekom
Capital Partners (DTCP), and with participation from existing investors,
represents a powerful validation of Aryaka’s global SD-WAN platform and
marks the first investment in global SD-WAN technology by a major
telecommunications company. The new funding round will help Aryaka
aggressively expand its global reach.
The Series D financing builds on an exceptional year for Aryaka. The
company has delivered over 100 percent year-over-year growth for five
consecutive quarters and now has more than 500 global enterprise
customers with sites in 63 countries around the world.
“When we look at companies that we want to invest in, we consider
market, technology, and team,” said Robert Schwartz, Managing Partner of
Third Point Ventures. “Aryaka is positioned perfectly at the tipping
point of an enormous marketplace that is moving away from legacy MPLS
technology and looking into next-generation solutions to help connect
seamlessly worldwide to business-critical applications. In addition, the
management team of Aryaka has built a critical base on which they can
execute on the promise of their SD-WAN technology. We are excited to be
partnering with a company that is on a rapid trajectory of growth such
“Aryaka is a leading SD-WAN provider that addresses the connectivity
needs of modern global enterprises as they require fast and stable
performance for their mission-critical applications anywhere in the
world,” said Jack Young, Partner and Head of Venture Capital at DTCP.
“The company’s ability to deploy connectivity within days, and deliver
significantly faster application performance in global locations
uniquely addresses the shortcomings of other connectivity solutions,
such as MPLS, and Internet-based SD-WANs.”
“We are excited about the funding from Third Point Ventures and from
DTCP, which is the first telecommunications company to make a major
investment in global SD-WAN,” said Shawn Farshchi, President and CEO at
Aryaka Networks. “This investment further validates our global SD-WAN
technology and sends a signal to the market that Aryaka represents the
future of global connectivity.”
Aidan Cullen has joined Aryaka’s leadership team as Chief Financial
Officer. Aidan is a finance executive and strategic leader with more
than 25 years of experience in global technology companies within the
software, networking, and telecommunications industries. He has held CFO
positions at CliQr Technology (Cisco), Gigamon, Sylantro Systems (Broadsoft),
and Tasman Networks (Nortel).
Aidan has extensive experience scaling companies to significant growth,
establishing business processes and systems, and executing to an exit
strategy. He will further build out Aryaka’s global finance and
administrative functions to help provide the scale and processes needed
to support the company’s exponential growth.
Union Square Advisors LLC served as the exclusive financial advisor and
placement agent to Aryaka in this offering.