#United States #San Jose #Series C Funding #Cloud Networking #Alkira

Alkira's Landmark Year in 2024

Alkira, a frontrunner in the Network Infrastructure as a Service (NaaS) sector, has celebrated a transformative year in 2024, characterized by significant funding achievements, extraordinary industry recognition, and notable product innovations. Their notable growth is not just a testament to their advanced solutions but also to the rapidly evolving needs of enterprises in today's digital landscape.

Major Funding and Investor Confidence

In May 2024, Alkira secured an impressive $100 million in Series C funding, led by Tiger Global. This investment round was bolstered by new players like Dallas Venture Capital, Geodesic Capital, LIAN Group, and NextEquity Partners, along with established investors such as Kleiner Perkins, Koch Disruptive Technologies, and Sequoia Capital. This funding marks the company's first since 2020 and underscores the robust confidence investors have in Alkira's strategic vision and expanded market presence.

The funding announcement coincided with Alkira's ranking as #25 on the prestigious Deloitte Fast 500 list, identifying them as one of North America’s fastest-growing companies. They impressively ranked #6 in the Bay Area, showcasing a staggering growth rate of 7,194% over three years. This recognition not only cements Alkira’s position in the market but also highlights their commitment to innovation.

Industry Accolades and Product Innovations

Throughout 2024, Alkira garnered numerous accolades that validate their position as a market leader. They were recognized as one of America’s Best Startup Employers by Forbes, received TMCNet's Cloud Computing Excellence Award for their Backbone-as-a-Service, and won Network World's Best of Enterprise Network Award in the SDN/NaaS category. The culmination of their achievements was sealed with a Gold Globee Award for IT Cloud/SaaS.

In keeping with industry demands, Alkira enhanced its platform with more than 110 new features, including the introduction of a comprehensive Zero Trust Network Access (ZTNA) solution. This innovation empowers organizations to implement strict security while accessing applications and resources across multiple clouds. Additionally, their Cloud Exchange Point in Google Cloud Platform facilitates high-performance secure connections between various cloud providers, enabling flexibility and reliability in multi-cloud computing.

Global Expansion and Operational Milestones

Alkira reached significant new heights with geographic expansion, including a successful deployment in China, marking a monumental entry into one of the world's most prominent tech markets. Their global cloud backbone now spans over 55 regions worldwide, ensuring smooth performance for multinational enterprises.

Furthermore, the receipt of the PCI-DSS certification showcases Alkira's dedication to maintaining top-tier security standards, particularly for clients in the financial, healthcare, and retail sectors—industries that require stringent compliance measures.

Customer Success and Operational Excellence

The company's operational efficiency was illustrated when they successfully deployed solutions for a retail customer managing over 1,000 stores within just two weeks. The customer base saw a staggering 150% increase in connectors year-over-year, reflecting Alkira's strong adoption and enduring success.

Noteworthy growth was also experienced in their partner ecosystem, achieving a remarkable 255% year-over-year increase in channel Annual Contract Value (ACV). Engagement levels soared, with 52% of partners actively submitting customer opportunities. Alkira’s global team expanded to meet rising demands, hiring four new channel account managers alongside a solutions architect dedicated to channel partners.

Demonstrating Impact through Real-World Efficiency

The Nemertes REV Report released in November indicated that companies leveraging Alkira's services observed striking operational improvements:

• - 96% reduction in the time taken to integrate new clouds.
• - 93% faster data center connections.
• - 84% less time managing cloud environments.
• - 73% reduction in firewalls required, translating into substantial cost savings.
• - 91% improvement in the speed of integrating new partners.
• - 44% decrease in the number of devices needed for cloud connections.

As the complexities of infrastructure multiply in 2025, Alkira continues to refine its solutions to adapt to the ever-changing landscape, reinforcing its commitment to enabling enterprises worldwide to operate effectively and securely.

For more information about Alkira's innovative solutions, visit alkira.com.

About Alkira

Alkira leads the charge in Network Infrastructure as a Service, unifying environments, sites, and users through a purely cloud-based enterprise network. Alkira’s frameworks deploy without requiring hardware installation or software downloads, delivering a flexible, secure, and easily scalable service that Fortune 100 companies rely on. For inquiries, please contact media at media@alkira.com.