Friday, January 15, 2016

VeloCloud Adds $27M For WAN Technology

Mountain View-based VeloCloud has raised $27M more in funding, via a Series C round, for its software defined WAN technology. VeloCloud said the new round was led by March Capital Partners, and also included Cisco Investments, plus New Enterprise Associates (NEA) and Venrock. The company has now raised $49M in total. The company said the funds go towards new product development and customer rollouts, plus sales and marketing. VeloCloud's CEO is Sanjay Uppal.