Israeli startup Teridion, which developed an SDN overlay network solution for internet performance, announced that it has secured $9 million in financing led by Jerusalem Venture Partners (JVP), with participation from existing investors Magma Ventures and SingTel Innov8.
Teridion was founded in 2013 by Doron Samelson and Elad Rave. Its products include Teridion Curated Routing, which “radically improving Internet performance up to 2X – 20X, anywhere in the world,” according to the company, and Teridion for Enterprise which “combines the performance, reliability, and SLAs of legacy WAN technologies such as MPLS with the agility and elastic scalability of the cloud.”
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“We have proven the Teridion technology and the business model with our SaaS offering for the past 3 years, and this new investment further enables us to bring our service to the enterprise market,” said Saar Gillai, CEO of Teridion, in a statement. “We have seen strong traction among enterprise customers, channel partners, and technology partners since our Teridion for Enterprise announcement last November, and we are aggressively entering this new market with expanded sales and marketing efforts.”
“Enterprise networking is radically evolving,” said Gadi Porat, partner at JVP. “The Internet is the new LAN, and Teridion is pioneering the use of the powerful capabilities of the public cloud in enterprise networking, the same way public cloud providers caused a revolution in data center compute. Teridion’s curated routing and ability to deliver a high performance, highly reliable WAN globally at broadband price points illustrates the power and capability of the Cloud edge. We see a significant opportunity with this investment, and look forward to working with Teridion as they continue to innovate in enterprise networking and the Cloud edge.”
The latest financing brings the company’s total funding raised to $35 million.