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Bigleaf has closed $21 million in Series B funding and has expanded its channel program.
FREMONT, CA: Bigleaf Networks, a cloud-based SD-WAN provider, that offers enhanced reliability, support, and performance for businesses relying on the internet, has secured $21 million in Series B funding led by Updata Partners with participation from the SeaChange Fund, the Oregon Venture Fund, and other existing investors.
An Oregon-based Bigleaf Networks, Beaverton closed a total of $28 million with the latest round to date.
Bigleaf Networks serves small, medium, and mid-sized business (SMBs) instead of giant, multinational organizations, which is the SD-WAN domain of VeloCloud/VMware and Viptela/Cisco.
Those enterprises are also in search of ways to migrate their services and applications to the cloud and deploying more software-as-a-service (SaaS) solutions.
The SMBs struggle to address their issues regarding the connectivity with the traditional networking technologies. The other solutions in the market are not effective for many SaaS and cloud apps, which need too much management, and are not smart enough to keep up with today's business.
Bigleaf will make use of the latest funding rounds to address the SD-WAN requirements of many small and mid-sized businesses that wish to consume technology in the cloud as opposed to server closets and data centers.
A significant portion of the funding will be used for helping these enterprises to find out better ways to connect their organizations to the cloud and SaaS applications.
Bigleaf has proliferated its reoccurring revenues and workers since its last funding round before 2018. The company's focus on partner-led channels contributed to its revenue growth. Moreover, founded in 2012, the company is also available through Telarus' telecom agent channel.
Bigleaf is operating in tandem with an increasing number of managed service providers (MSPs). These MSPs, in turn, provide its SD-WAN service to small and medium-sized organizations.
Bigleaf has been successful in the telecom channel through its relationships with many forward-looking partners who are able to see the emerging requirement for a more stable and reliable connection to the cloud technologies. The funding will allow the company to extend its reach to more partners in the MSP and Telecom channels and assist them with the resources and training they require.
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