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Alkira Raises $100 Million to Fuel its Cloud-Connecting Technology

The company is experiencing growth in enterprise startups that are drawing investors and clients by creating technology to help govern consumption, as the amount spent annually on cloud computing approaches $1 trillion.

The most recent development firm named Alkira has secured $100 million for its “network infrastructure as a service,” which enables users to manage hybrid cloud assets by virtualizing and managing them.

The Series C is being led by a new investor in the firm, Tiger Global Management. The round included participation from Dallas Venture Capital, Sequoia Capital, Kleiner Perkins and KDT (Koch Disruptive Technologies), in addition to other new investors, NextEquity Partners and Geodesic Capital.

Alkira’s CEO, Amir Khan, said that it’s “certainly an up-round.” PitchBook estimates that Alkira was last valued at $234 million, although that dates from a funding round back in 2020 and the company has grown since then. Its customers come from a range of verticals like industry, financial services and media and the company has raised $176 million up to date. Alkira’s network asset management can expedite years of integration and management work into a few hours for a corporation.

Around that integrated, network-as-a-service experience, the startup provides a number of services, including “cloud insights”—visibility services for operations staff—cloud backbone as a service, extranet as a service and secure connectivity.

The company’s recent move into cloud computing places it up against a whole new plant of potential rivals, even if the largest players—AWS, Azure and Google—haven’t made much headway in cooperating. It provides third-party players with plenty of opportunities to combine and virtualize.

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