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Alkira secures $100m in Series C funding to boost multi-cloud offering

Cloud networking vendor Alkira has raised $100m in Series C funding led by investment firm Tiger Global Management.

Existing investors Kleiner Perkins, Koch Disruptive Technologies, and Sequoia Capital also participated, bringing Alkira’s total funding to $176m. 

The investment will help Alkira enhance its multi-cloud networking (MCN) solutions and add functionality for AI workloads.

Alkira CEO Amir Khan (pictured) said: “The explosive growth of cloud applications and A.I. workloads are fueling a surge in demand for agile, secure, scalable and cost-efficient networking solutions. 

“We’re fortunate to have strong partners to help us meet that demand while we accelerate growth, explore exciting new opportunities, and continue delivering exceptional value to our customers.”