Managed Cloud Service Provider, Ananda Networks secured $6M in Seed Funding

Ananda Networks

Ananda Networks, a California based provider of a cloud-managed service that allows organizations to create their own private network, has now secured $6 Million in a seed funding round.

Ananda Networks is founded by the Adi Ruppin in the year 2018. It has launched the Ananda Secure Global LAN, a cloud-managed service that allows the organizations to create their own private networks, cloud services anywhere, and connecting any users, devices with security and speed.

Executive Opinion

Rick Kaplan, a partner at MizMaa Ventures, said, "We are excited to be an early investor in Ananda Networks; today, more than ever, we recognize that users and organizations need to stay connected. Ananda Networks is transforming the old networking and security models. Companies can now extend their perimeter to allow easier, faster, and more secure access to all cloud and on-prem resources for remote, mobile, and branch users."

Richard Stiennon, a founding analyst of IT-Harvest, said, "Connecting the modern enterprise calls for a new, cloud-native paradigm that will allow it to easily create its own private, secure, high-performance networks connecting all users, devices and cloud services — converging both security and performance and doing so without requiring complex and costly hardware or infrastructure."

Ananda Networks's Latest Funding

The round was backed by the Citrix Systems, MizMaa Ventures, Cyber Mentor Fund, Gefen Capital, South Korean cybersecurity firm Jiran, GreatPoint Ventures, J-Ventures, and some individual investors. The company has come out of a stealth mode and received its seed funding.

The company, as of now, has plans to use the new funds to connect users, devices, and cloud services with 25 times higher speed. The network also provides end-to-end security.

The Ananda Networks service is offering a free version and other subscription options. 
PC: Pablo, Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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