By utilizing Teridion for Enterprise, companies will get benefit from faster and reliable traffic between their sites, SaaS applications and public cloud workloads
Teridion, the company known for being the only provider of carrier grade SLA backed public cloud-based WAN service, declared the closure of a $9 million financing which was led by Jerusalem Venture Partners, an international venture capital firm. Other participants included existing investors SingTel Innov8 and Magma Ventures. With this addition of financing to Teridion’s Series B funding round, its total funding amounts to $35 million.
For the record, Teridion is the industry’s first and only public cloud-based WAN service to provide carrier grade and SLA-backed reliability and performance. With its elastic scale, agility and global reach, it is at par with public cloud.
Gadi Porat, Partner at JVP Enterprise has been reported to say that networking is drastically evolving and the internet has come to be the new version of LAN. Teridion is revolutionizing use of public cloud’s powerful abilities in enterprise networking in the same manner that public cloud providers had revolutionized data center compute. He said that the firm’s curated routing and capability of delivering high performance, reliable WAN across the globe at broadband price point demonstrates the capability and power of the Cloud edge.
Saar Gillai, CEO of Teridion reported that the firm has demonstrated Teridion technology and business model with its SaaS offering for the last 3 years. He added that this new investment allows to bring its services to the enterprise market. Furthermore, he mentioned that the company has witnessed a strong traction among technology partners, channel partners and enterprise customers since its Teridion for Enterprise announcement in November 2018 and the company is making its foray into the new market with expanded marketing and sales efforts.
According to industry experts, organizations are focusing on moving business-critical applications from enterprise data center to cloud. By utilizing Teridion for Enterprise, companies will get benefit from faster and reliable traffic between their sites, SaaS applications and public cloud workloads by using a cost-efficient internet connection.
