When was the company founded? 2012
How many full-time employees? 145
How much funding has it raised? $84 million
What is the business and business model? A cloud-delivered SD-WAN pioneer, VeloCloud simplifies branch WAN networking by automating deployment and improving performance over private, broadband internet and LTE links for today’s increasingly distributed enterprises, as well as service providers. Its cloud-delivered SD-WAN enables enterprises to support application growth, network agility and simplified branch implementations while delivering optimized access to cloud datacenters and applications. VeloCloud offers a SaaS-like subscription price model to ease adoption, offering a pay-as-you-grow option.
What is the company’s differentiator? VeloCloud says it has differentiated itself from other SD-WAN vendors with a business model that does not impose capex constraints on enterprise IT buyers. That’s a key benefit for enterprises desiring agility as their branches and remote offices grow or shrink with changing business needs.
What’s next? The focus now for VeloCloud is about how to simplify branch office connectivity, reduce hardware sprawl and boost price/performance. “We believe that mobile SD-WAN will be the second wave, and SD-WAN for the internet of things will be the third wave,” the company said.
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