VeloCloud keeps wheels spinning with $35m

Mar 3, 2017 • Thierry Heles

Telstra has participated in a $35m series D round for VeloCloud, while existing shareholders include Cisco also returned.

US-based networking technology developer VeloCloud Networks closed a $35m series D round yesterday that featured telecoms firm Telstra and networking equipment manufacturer Cisco.

The two corporates, which participated through respective investment subsidiaries Telstra Ventures and Cisco Investments, supplied funding alongside Hermes Growth Partners, which led the round, and Malaysia’s sovereign wealth fund Khazanah Nasional.

New Enterprise Associates (NEA), March Capital Partners, Venrock and unnamed strategic investors also contributed to the round.

VeloCloud has developed software-defined wide area networking technology that…

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