Total amount raised
$176 Million
Latest funding date
05/01/2024
Location
Alkira has successfully raised funding over five rounds, with the latest being a Series C round involving multiple investors. The company is backed by prominent investors, including Tiger Global Management and Geodesic Capital.
Keep reading to explore the intricacies of Alkira's fundraising journey and the investors backing this innovative platform.
What Is Alkira?
Alkira, based in San Jose, California, specializes in network infrastructure solutions. Founded by Amir Khan, the company operates in various sectors including cloud infrastructure, cloud security, information services, information technology, and network security.
With a workforce of 101-250 employees, Alkira provides Network Infrastructure-as-a-Service, enabling seamless connectivity for users, business partners, clouds, and data centers. Their innovative solutions eliminate the need for hardware or software, reduce complexity, and accelerate digital transformation.
How Much Funding Has Alkira Raised?
- Series C
- Amount Raised: USD 100,000,000
- Date: May 2024
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To simplify, secure, and scale critical network infrastructure.
- Series Unknown
- Date: August 2022
- Lead Investors: LIAN Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development.
- Series B
- Amount Raised: USD 54,000,000
- Date: October 2020
- Lead Investors: Koch Disruptive Technologies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand multi-cloud networking solutions and enhance service offerings.
- Series A
- Amount Raised: USD 22,000,000
- Date: April 2020
- Lead Investors: Kleiner Perkins, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market entry.
- Seed
- Date: July 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and develop core technology.
Total amount raised: USD 176,000,000. Current valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Founded in 2001 and based in New York, Tiger Global Management is a leading global investment firm. It focuses on long-term investments in high-quality growth companies.
- Investment Focus Areas: Technology, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify, Stripe.
- LIAN Group
- Details: LIAN Group is a venture capital firm that participated in Alkira's Series Unknown round. Specific details about the firm are not provided in the sources.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- Koch Disruptive Technologies
- Details: Koch Disruptive Technologies is the venture arm of Koch Industries, focusing on disruptive technologies across various sectors. It is an existing investor in Alkira.
- Investment Focus Areas: Disruptive technologies.
- Notable Investments: Not specified.
- Kleiner Perkins
- Details: Kleiner Perkins is a well-known venture capital firm that has been investing in technology and life sciences for decades. It is an existing investor in Alkira.
- Investment Focus Areas: Technology, life sciences, high-growth industries.
- Notable Investments: Google, Amazon, Twitter.
- Sequoia Capital
- Details: Sequoia Capital is a leading venture capital firm with a strong track record in technology and healthcare investments. It is an existing investor in Alkira.
- Investment Focus Areas: Technology, healthcare, high-growth sectors.
- Notable Investments: Apple, Google, Oracle, YouTube.
What's Next for Alkira?
Alkira stands at the cusp of significant growth, driven by the increasing demand for agile, secure, and scalable networking solutions. The company is poised to expand its multi-cloud networking solutions, deliver new connectivity models for global WAN networks, and enhance integrated security services. With the global market for public cloud services expected to exceed $1 trillion by 2027, the opportunities are vast.
Future fundraising rounds seem likely as Alkira continues to innovate and scale its operations. The successful Series C funding round, led by prominent investors, underscores the confidence in Alkira's market potential. However, the company will need to navigate challenges such as managing the complexity of enterprise networking and staying ahead of rapid technological advancements.
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