Network management platform Lavelle Networks raises $2M from YourNest Venture Capital
Lavelle Networks, a SDN (software-defined networking) management platform has raised $2 million in Series A round of funding led by YourNest Venture Capital. The round also saw participation from Ideaspring Capital, KAAJ Ventures (B V Jagadeesh), and ASM Technologies Limited.
Bengaluru- based Lavelle Networks plans to use this fund to accelerate the company’s expansion programme in FY20 into key digital transformation market opportunities.
Commenting on the investment Shyamal Kumar, Founder and CEO, Lavelle Networks, said,
“We work to bring cutting-edge enterprise networking at transformative economies of scale to the emerging economies of the world. Back in 2017, Ideaspring joined hands with us to build a company we all want to be proud of and grow rapidly into a market force. We are extremely encouraged that such esteemed investors believed in us.”
The company is a SDN networking platform aimed at solving the challenges for enterprises connecting over a Wide Area Network. The company claims to solve the most difficult data networking challenges for distributed enterprises in using cloud applications.
Sunil K Goyal, Managing Director and Fund Manager, YourNest Venture Capital, said, “In the next two years, our focus through our second fund will be to identify nearly 20 deep-tech product companies that could be nurtured into market leaders globally. We are well on track to achieve this vision with Lavelle Networks joining our growing portfolio. It has shown great potential for enterprises where legacy network platforms are increasingly becoming a business bottleneck. The company’s cloud-based WAN solution for enterprises is disruptive and is poised to solve many networking challenges.”
Their market solution 'Network-as-a-Service' uses the cloud to automate, optimize and secure enterprise networks using next generation traffic analysis, said a press statement.
Naganand Doraswamy, Managing Director, Ideaspring Capital said in the release,
“Lavelle Networks has achieved phenomenal growth over the past two years. Ideaspring is very happy to participate in this round as we believe Lavelle Networks will be one of the premier SD-WAN company.”