Aviatrix raises $200M Series E led by TCV at $2B valuation
Aviatrix, the Santa Clara, California cloud networking and network security company, announced on September 8, 2021 that it had raised $200 million in Series E growth funding led by TCV, at a $2 billion valuation. New investors Insight Partners and Tiger Global joined, alongside existing investors CRV, Formation 8, General Catalyst, Greenspring Associates, Ignition, Liberty Global Ventures, Meritech Capital and TrueBridge Capital Partners. Aviatrix said the valuation had more than doubled in the six months since its previous round, and TCV general partner Tim McAdam joined its board.
Aviatrix provides cloud networking, network security and operational visibility across public clouds, with a multi-cloud network reference architecture and its own ACE multi-cloud networking certification. At the time of the round it said more than 550 customers used its platform, and it planned to use the funds to scale worldwide sales and support. TCV lists Aviatrix as an active infrastructure software holding.
