Sequoia backs tech startup VIPtela

VIPtela has closed $33.5 million in funding from Sequoia Capital. Headquartered in San Jose, Calif., VIPtela is a networking startup.

PRESS RELEASE

(Marketwire Via Acquire Media NewsEdge) SAN JOSE, CA — (Marketwired) — 03/11/14 — vIPtela, Inc., a software-centric start-up working to improve the security, agility and control of corporate IP networks, today announced that it has raised $33.5 million in funding from Sequoia Capital. At a time when new services, hybrid clouds and mobile devices are overwhelming networks, vIPtela’s ground-breaking technology addresses companies’ needs to secure and simplify their corporate networks, reduce cost of operations and embrace the benefits of the open Internet.
“vIPtela boasts a killer combination — great technology, strong leadership, and a market ripe for disruption,” said Michael Goguen, vIPtela board member and managing partner at Sequoia Capital. “I am impressed by the team’s dedication and impeccable execution in delivering innovative networking solutions. Above all, they have great credibility and trust with customers.” vIPtela’s network architecture focuses on security and network virtualization. Multiple Fortune 500 customers have endorsed the technology and plan to use it to speed up delivery of new services and dramatically reduce costs in their network infrastructure.
“vIPtela’s approach to security and control is novel and simplifies the global network connectivity of Fortune 500 companies,” said Bill Coughran, Sequoia partner and former senior vice president of engineering at Google. “Enterprises have been looking for innovations that help their network scale without driving costs beyond budgets. vIPtela delivers on that innovation.” “Everything we create and build at vIPtela stems from understanding customers’ network challenges,” said vIPtela CEO Amir Khan. “The hardest thing to do is to take a very complex problem and provide a simple and elegant solution that can scale. At vIPtela, we believe customers who use technology to maintain or regain control of their networks are in a much stronger position to manage and sustain growth in their business operations.” About Sequoia CapitalSequoia Capital helps founders turn imaginative ideas into enduring companies. As the “Entrepreneurs Behind the Entrepreneurs,” the Sequoia team has worked closely with legendary founders such as Steve Jobs of Apple; Larry Ellison of Oracle; Len Bosack and Sandy Lerner of Cisco; David Filo and Jerry Yang of Yahoo!; Max Levchin, Elon Musk, and Peter Thiel of PayPal; Sergey Brin and Larry Page of Google; Steve Chen and Chad Hurley of YouTube; and Reid Hoffman and Jeff Weiner of LinkedIn. Sequoia is now helping the next generation of innovators build the lasting companies of tomorrow.
About vIPtela, Inc.vIPtela, Inc. is an innovative technology startup focusing on enabling Fortune 500 companies to transform their global connectivity and network architectures for next-generation business applications. vIPtela was founded in 2012 by a team of industry visionaries who have decades of experience bringing ground-breaking networking solutions to market and in architecting some of the largest and most sophisticated global networks. vIPtela is backed by Sequoia Capital and headquartered in San Jose, CA. For more information, visit: www.viptela.com

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