Nile Secures $175 Million in Funding to Revolutionize Enterprise Networks

Innovative Network-as-a-Service Provider Nile Raises $175 Million in Series C Funding Round

SAN JOSE, Calif., Aug. 1, 2023 – Nile, the leader in next-generation enterprise networks, has announced a successful $175 million Series C investment round. This funding, co-led by March Capital and Sanabil Investments, with participation from other strategic partners such as stc and Liberty Global Ventures, brings Nile‘s total funding to $300 million. The impressive raise reflects the significant progress the company has made in expanding its global position and revolutionizing the way enterprises consume IT infrastructures.

Nile‘s Market-Leading Network-as-a-Service Solution

Less than a year after emerging from stealth mode, Nile has established itself as a market leader in network-as-a-service (NaaS) solutions. The company’s innovative NaaS solution aims to deliver more secure wired and wireless services through advanced monitoring, analytics, and automation. With a focus on agile and innovative technology solutions, Nile is at the forefront of two major paradigm shifts occurring in the technology ecosystem: the rise of cloud-born edge infrastructure solutions and the increasing adoption of AI-driven decision-making. Nile‘s service enables cloud migration strategies for anywhere access to enterprise apps.

Collaborations with over 100 channel and service provider partners further demonstrate Nile‘s growing market presence. The company’s network service has already attracted organizations such as Stanford University, Pitney Bowes, and Carta.

Implications for Enterprise Infrastructure Consumption

Nile‘s CEO and co-founder, Pankaj Patel, believes that several key trends in the technology ecosystem present unique challenges for enterprise infrastructure consumption. Cloud-born edge infrastructure solutions are transforming the way we engage with physical spaces, AI is driving data-driven decision-making, and cloud migration strategies are top of mind for IT executives. Nile is committed to addressing these challenges by providing an agile and innovative service that matches the technology it enables.

Focusing on Eliminating Operational Complexities and Ensuring Network Security

Nile aims to eliminate the operational complexities that hinder enterprise networks’ ability to support cloud-born IT solutions. Furthermore, the company is dedicated to delivering the highest levels of integrated defenses to protect wired and wireless connectivity from cyber attacks. By enabling automation of all network services and eliminating the burden of high upfront capital expenditures, Nile empowers organizations to focus on critical IT initiatives and innovation.

Support from Industry Investors and Vendors

Nile‘s recent funding round has attracted support from prominent investors and industry players. Sumant Mandal, co-founder and managing partner at March Capital, lauded Nile‘s groundbreaking approach to connectivity and highlighted the experienced leadership team driving the company’s rapid evolution. The strong support from investors signals a promising future for Nile and its continuous innovation in enterprise networks.

Testimonial from Stanford University

Nile‘s network service has already made a significant impact on organizations such as Stanford University. Andrej Krevl, Director of IT at Stanford, shared that Nile‘s simplified and secure solution has resolved Wi-Fi challenges, ensuring uninterrupted classes, meetings, and everyday work for the computer science department. By partnering with Nile, Stanford’s IT team can refocus on driving departmental innovations without being burdened by basic network tasks.

Emphasizing Security and Certifications

In the era of rapid digital transformation, CIOs and CISOs are increasingly concerned about data integrity and digital asset security. Nile has built its service with a steadfast commitment to security, incorporating campus zero trust network access (ZTNA) principles and automating network access control mechanisms. Nile‘s unwavering focus on security has earned the company top-tier certifications, including ISO 27001, SOC2 Type II, and CSA Level 1, solidifying its position as a leader in network service delivery to enterprises.

Finding out More about Nile‘s Innovative Service Architecture

To learn more about Nile and its industry-first service architecture, visit nilesecure.com/enterprise-network.

About Nile

Nile is the leading provider of next-generation enterprise networks, aiming to transform the way businesses interact with their IT infrastructure. The company is dedicated to helping customers redirect a significant portion of their infrastructure operating expenses to critical IT initiatives. Nile‘s NaaS solution keeps pace with the rapid innovation seen across private and public clouds, setting a new standard in enterprise networks. For more information, visit nilesecure.com.