Aryaka Networks, US-based provider of the world’s first cloud-based application acceleration and WAN optimization solution with a significant presence in India, has raised $14 million including Series A funding from Nexus Venture Partners, Trinity Ventures, Mohr Davidow Ventures and Stanford University.
Founded in November 2008, California-based Aryaka Networks, Inc has its India office in Bangalore. The 75-employee strong company is headed by Ajit Gupta, owner of Speedera Network which was acquired by Akamai networks for more than $500 million.
Nexus Venture Partners has invested in internet & software companies such as Magic Rooms Solutions ($1.5 million), VMOPs Inc, mChek India Payment and Ekta software Solutions ($10 million). Trinity Ventures has already made investments in cloud computing such as Chinese firm-21Vianet, CrowdFlower, Loggly and New Relic.
A company statement said, “For an organization spending $6,000 per month on dedicated connectivity for six locations across the globe, Aryaka would deliver cumulative benefits, over a period of three years, in excess of $1 million. This figure is calculated bearing in mind the network savings and productivity gains. This translates to a 567% Return On Investment (ROI) over three years.”
The total addressable market for WAN Optimization is rapidly growing and projected to reach $4.27 billion globally by 2014.
The explosive demand for WAN optimization stems from the market demand for solutions that enable strategic IT initiatives, including real-time collaboration for higher-quality, unified communications; data center consolidation; server and storage centralization; and disaster recovery, said the statement.
