Silver Peak gains $90mn funding from TCV

Silver Peak gains $90mn funding from TCV

Silver Peak announced yesterday that is receiving an extra $90mn in funding. This comes from new investor TCV, which is now the largest investor in the company. TCV in the past has backed investments in Airbnb, Netflix, Splunk and Spotify. Tim McAdam from TCV will also join as a Silver Peak board member to manage their investment.

“It’s rare that we see an opportunity to disrupt a massive, entrenched $100 billion technology category supporting mission critical applications and communication. After researching all the players in the multi-billion-dollar market and speaking with enterprise CIOs, it is clear that Silver Peak has the most complete solution, clear market differentiation and traction, and a unique vision for the future of the new edge. We look forward to working with the team to rapidly grow the business.” – Tim McAdam, General Partner, TCV

“With more than $100 billion spent on the WAN every year by enterprises, much of it on technology that pre-dates the , Silver Peak has an enormous opportunity as we deliver disruptive new WAN edge solutions for enterprises. TCV has a proven track for identifying high-growth markets and investing in those innovative companies with the right solution and the right team in place to achieve market leadership. Our partnership with TCV will help accelerate our growth trajectory, increase our competitive advantages and extend our market leadership. We are excited to work with the TCV team.” – David Hughes, Founder and CEO, Silver Peak

Sources: Silver Peak Announces $90 Million Investment from TCV to Accelerate SD-WAN Growth, Crunchbase

John Dixon

John Dixon is the Principal Consultant of thirteen-ten nanometre networks Ltd, based in Wiltshire, United Kingdom. He has a wide range of experience, (including, but not limited to) operating, designing and optimizing systems and networks for customers from global to domestic in scale. He has worked with many international brands to implement both data centres and wide-area networks across a range of industries. He is currently supporting a major SD-WAN vendor on the implementation of an environment supporting a major global fast-food chain.

Comments are closed.