Nile, a San Jose, CA-based next-generation enterprise networks company, raised $175m in Series C funding.
The round, which brought total funding to $300m, was co-led by March Capital and Sanabil Investments, with participation from Prosperity7, Liberty Global Ventures, and contribution from 8VC, Geodesic Capital, FirstU Capital, and Valor Equity Partners.
The company intends to use the funds to expand its global position.
Led by Pankaj Patel, CEO, Nile has built a network-as-a-service (NaaS) solution designed to deliver a secure wired and wireless service through the extensive use of monitoring, analytics, and automation. The company has rapidly expanded beyond North America into Europe, the Middle East, Africa, and Asia, and has seen increasing demand for its innovative access network service from organizations including Stanford University, Pitney Bowes, and Carta, among others. Nile also collaborates with over 100 channel and service provider partners.
FinSMEs
01/08/2023