Venture Capital: Disruptive NaaS Provider Nile Lands $175M Series C

August 3, 2023 | News, Venture Capital

Nile emerged from stealth mode less than a year ago.

Nile, a leading company in next-generation enterprise networks, has successfully raised $175 million in a Series C funding round. The funding was co-led by March Capital and Sanabil Investments, with participation from several other strategic investors including solutions by stc, Prosperity7, Liberty Global Ventures, stc CIF (Corporate Investment Fund), 8VC, Geodesic Capital, U First Capital, and Valor Equity Partners.

This latest round brings Nile’s total funding to $300 million.

Within a year of emerging from stealth mode, Nile has established itself as a market leader in providing network-as-a-service (NaaS) solutions that offer secure wired and wireless services through monitoring, analytics, and automation. The company’s innovative access network service has gained significant traction globally, with prominent customers such as Stanford University, Pitney Bowes, and Carta, among others. (Nile)

Nile’s approach focuses on addressing the challenges presented by cloud-born edge infrastructure, AI-enabled decision-making, and the growing demand for cloud migration strategies. Their mission is to simplify enterprise network consumption, enhance security defenses, and enable data-centric, zero-touch orchestration.

The company’s dedication to security is evident through its adherence to Campus Zero Trust Network Access (ZTNA) principles and the automation of network access control mechanisms. This commitment has earned Nile top-tier certifications, validating its position as a leader in delivering secure network services to enterprises.

The funding will be used to further expand Nile’s global presence and enhance its service offerings, with a focus on supporting cloud-born IT solutions while ensuring the highest level of security for wired and wireless connectivity.

Nile’s success and vision have garnered strong support from investors and industry experts, who recognize the company’s potential to redefine enterprise networking and drive transformative innovations in the IT infrastructure space.

Related Story:  Network Software Provider Mavenir Lands $100M

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