Mumbai: Zenlayer has closed a $50 million Series C funding led by Anatole Investment, Prospect Avenue Capital and existing investor Volcanics Venture. This funding round will allow Zenlayer to boost its edge cloud technology and services, and expand its global network coverage.
With this new Series C $50 million funding round, the company has raised a total of $90 million since its inception. F&G Venture, NSFOCUS, and Forebright Capital have funded $40 million to Zenlayer in the past.
“I am excited to announce that we have successfully raised $50 million in Series C. We’ll accelerate the development and adoption of our PaaS solutions, and continue to focus on emerging markets, helping our customers to capture the explosive growth of regions like Southeast Asia and South America,” said Joe Zhu, Zenlayer Founder and CEO.
“This capital will bring us one step closer to realizing our mission of improving digital experiences for every organisation and person, anywhere in the world,” added Zhu.
The company’s unique edge cloud offerings enable organisations to instantly deploy compute closer to end users and accelerate their networks to deliver the best digital experience possible.
Today, it can help organisations reach over 85% of the world’s internet population in just 25 milliseconds or less. By using Zenlayer’s PaaS solutions, organisations can achieve this without deploying any infrastructure.
“With over 700 million active Internet users in India, Zenlayer recognizes the need for better connectivity and reduced data latency. Zenlayer is committed to improving the digital experience for customers and their users through our Edge Cloud services,” said Amit Singh, MD – Zenlayer India.
“IT Infrastructure is a critical need for digital enterprises and Zenlayer has demonstrated the immense value companies gain by improving their users’ digital experience. We’re excited to help Zenlayer accelerate their rapid growth and expansion, and continue to innovate edge cloud computing to new heights,” said George Yang, Chief Investment Officer, Anatole Investment.
“Zenlayer has a remarkable competitive edge. Its exponential growth has made Zenlayer an ideal investment target for Prospect Avenue Capital. Zenlayer is positioned to meet the demands of emerging markets in Southeast Asia, South America, and Northern Africa with its global coverage, low latency edge cloud solutions, and strong infrastructure,” said Ming Liao, Founding Partner, Prospect Avenue Capital.
“We began our relationship with Zenlayer in 2019 and have observed the strength and contributions of their team and growth potential first-hand. We are excited to participate in this latest round of financing to continue Zenlayer’s mission of improving digital experiences for everyone in the world through edge cloud services, instantly,” said Suyang Zhang, Managing Partner, Volcanics Venture.
From 2017 till 2020, the company has clocked over 40% revenue CAGR. It has 32 patents filed and granted related to SDN routing algorithm, orchestration, and edge traffic management. With over 180 PoPs (point of presence) covering 37 countries across six continents.