Leading enterprise network company, Nile, has recently secured a Series C investment round, raising an impressive $175 million. The round was co-led by March Capital and Sanabil Investments, with strategic participation from solutions by stc, Prosperity7, Liberty Global Ventures, and stc CIF (Corporate Investment Fund). Other notable contributions came from 8VC, Geodesic Capital, FirstU Capital, and Valor Equity Partners. This latest funding brings Nile’s total funding to a significant $300 million, a testament to the progress the company is making in expanding its global reach and transforming the way enterprises consume IT infrastructures.
Nile burst onto the scene less than a year ago, emerging from stealth mode with a cutting-edge network-as-a-service (NaaS) solution. This solution utilizes advanced monitoring, analytics, and automation to deliver a more secure wired and wireless service. Since its debut, Nile has quickly expanded its operations beyond North America and made its mark in Europe, the Middle East, Africa, and Asia. The company’s innovative access network service has garnered attention from prestigious organizations like Stanford University, Pitney Bowes, and Carta. Nile’s growing market presence is further supported by collaborations with over 100 channel and service provider partners.
Pankaj Patel, CEO and co-founder of Nile, recognizes that the company is well-positioned to take advantage of the paradigm shifts currently occurring across the technology ecosystem. Cloud-born edge infrastructure solutions, AI-driven decision-making, and cloud migration strategies are all trends that Nile aims to address head-on. The company’s commitment to agility and innovation matches the rapidly evolving technology landscape.
The funding raised in this round will enable Nile to further its mission of simplifying enterprise networks and supporting cloud-born IT solutions while providing top-level security. The company aims to eliminate operational complexities and protect both wired and wireless connectivity from cyber attacks. Nile’s network services prioritize agility and innovation, eliminating high upfront capital expenditure and enabling the automation of all network services with data-centric, zero-touch orchestration.
Sumant Mandal, co-founder and managing partner at March Capital, recognizes the significant impact Nile has had in just four years. Mandal praises Nile for prioritizing security and empowering IT professionals to transform operations. With an experienced leadership team and skilled engineers and architects, Nile is quickly becoming a market leader, ushering in a new era in networking.
Stanford University, which has a history of embracing network innovations, has also benefited greatly from Nile’s revolutionary approach. After facing challenges with unreliable Wi-Fi, the university turned to Nile for a simplified and secure solution. Andrej Krevl, Director of IT at Stanford, praises Nile for upgrading their network and allowing the IT team to focus on driving innovations and providing uninterrupted network performance. Nile’s commitment to security is evident through its incorporation of Campus Zero Trust Network Access (ZTNA) principles and automation of network access control (NAC) mechanisms.
Nile’s dedication to security has earned the company top-tier certifications, including ISO 27001, SOC2 Type II, and CSA Level 1. These certifications validate Nile’s position as a leader in network service delivery to enterprises.
In an era of rapid digital transformation, the integrity of business data and digital assets is a top concern for CIOs and CISOs. Nile’s industry-first service architecture focuses on security and agility, setting a new standard for enterprise networks.
For more information about Nile and its services, visit nilesecure.com/enterprise-network. Nile aims to transform the way businesses interact with their IT infrastructure and redirect a significant portion of the $75 billion spent on infrastructure operating expenses to critical IT initiatives. The company’s NaaS solution keeps pace with innovation in private and public clouds, offering agile solutions for enterprise networks.