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United States : FORMER ONMOBILE COOs cloud venture VeloCloud raises $21 million

June 27, 2014

California- and Chennai-headquartered VeloCloud Networks Inc, a cloud-based WAN provider, raised $21 million in financing led by New Enterprise Associates, with participation from US-based Venrock Associates, besides networking business incubator The Fabric.

VeloCloud co-founder and CEO, Sanjay Uppal said, VeloCloud aims to fundamentally alter the economics of the WAN while simplifying and automating network operations for distributed enterprises. We are delighted to have the support of top-tier venture partners and are poised to build our channels, scale business development activities and create a strong ecosystem.

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Source: TendersInfo (India)

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