Total amount raised
$176 Millions
Latest funding date
05/01/2024
Location
Alkira has successfully raised funds through multiple rounds, with the most recent being a Series C round closed on May 15, 2024. The company has attracted notable investors like 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, founded in 2018 by Amir Khan and Atif Khan, is headquartered in San Jose, California. The company specializes in network infrastructure as-a-service, offering solutions that unify multiple clouds, sites, and users through an enterprise network. With a team of 101-250 employees, Alkira enables businesses to build and manage multi-cloud networks efficiently.
How Much Funding Has Alkira Raised?
- Series A
- Amount Raised: $22M
- Date: April 2020
- Lead Investors: Kleiner Perkins, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of Alkira's network infrastructure platform.
- Series B
- Amount Raised: $54M
- Date: October 2020
- Lead Investors: Koch Disruptive Technologies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations to meet increasing demand.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2022
- Lead Investors: LIAN Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and enhance the company's technology and market reach.
- Series C
- Amount Raised: $100M
- Date: May 2024
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support exponential growth, expand multi-cloud networking solutions, and integrate AI for efficient networking.
Total Amount Raised: $176M. Current Valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Founded in 2001 and based in New York, Tiger Global Management is a global investment firm that focuses on private and public companies leveraging technological innovation. The firm has over 20 years of experience with more than 90 portfolio company IPOs.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- LIAN Group
- Details: LIAN Group is a private investment firm that focuses on technology and innovation-driven companies. The firm aims to support transformative technologies and innovative solutions.
- Investment Focus Areas: Technology, innovation-driven companies
- Notable Investments: Specific notable investments not listed
- Koch Disruptive Technologies
- Details: Koch Disruptive Technologies is the venture capital arm of Koch Industries, focusing on transformative technologies. The firm aims to partner with high-growth companies that are innovating in their respective fields.
- Investment Focus Areas: Transformative technologies
- Notable Investments: Desktop Metal, InSightec
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that invests in early-stage and growth companies across various sectors. The firm has a long history of backing successful technology and healthcare companies.
- Investment Focus Areas: Technology, healthcare, life sciences
- Notable Investments: Google, Amazon, Twitter
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that invests in seed, early, and growth-stage companies. The firm has a strong track record of supporting companies that have become industry leaders.
- Investment Focus Areas: Technology, healthcare, consumer services
- Notable Investments: Apple, Google, WhatsApp
What's Next for Alkira?
Alkira stands at the cusp of significant growth, driven by the rising 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 simplify customer connections to business partners. 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 meet market demands. The substantial Series C funding and the backing of prominent investors suggest a strong potential for additional investments. However, the company will need to navigate challenges such as managing the complexity and scale of network infrastructure and ensuring seamless integration and security across diverse environments.
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