PALO ALTO, CA--(Marketwired - October 14, 2016) - Benhamou Global Ventures (BGV), an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on enterprise information technology opportunities in global markets, announced BGV III's second investment in Webscale Networks, in syndication with Mohr Davidow Ventures (MDV) and Grotech Ventures. Extending the strategy of fund BGV II, BGV III will focus on enterprise IT sectors including cyber security, cloud-based services and applications, web scale infrastructure, advanced analytics and industrial Internet of Things.
Webscale Networks is targeting to capitalize on the transition of the Application Delivery Control (Layer 4-7) market to the cloud by delivering an integrated cloud application delivery solution for the broader mid-market. The company's technology removes the appliance lock-in and performance limitations of networking hardware-based ADC products, while integrating cloud application-specific capabilities like predictive auto-scaling, configuration management, content optimization, load balancing across clouds and a web application firewall (WAF). The Webscale management team is an experienced one with a solid track record of building application optimization centric enterprise companies such as Aryaka, Riverbed and Akamai.
Recently mentioned in Gartner's 2016 Magic Quadrant report for the ADC segment, the company provides the platform as a SaaS product offering and has helped provide 50+ customers with high availability for e-commerce applications while minimizing latency, and reducing costs by avoiding overprovisioning of infrastructure. The company is headquartered in Silicon Valley with R&D in Boulder, Colorado.
Anik Bose, General Partner, BGV, will join the Webscale Board. "The migration of Enterprise applications to the cloud is redefining the needs for application performance and load balancing within and across data centers driving the need for a new cloud based ADC technology," states Bose. "We have identified Webscale Networks as one of the most disruptive cloud-based ADC solutions that can be delivered as a service. With their early traction and deep industry knowledge, we are confident in their efforts and our expertise to help them navigate this period of growth."
"Large e-retailers understand the concept of front and back-end infrastructure scaling, which keeps their sites fast, secure and available. Webscale helps the remaining 99.9 percent of the market compete with them," said Sonal Puri, CEO at Webscale. "Enterprise applications are becoming increasingly web-enabled, need to be cloud-agnostic, and easy to manage across infrastructures to avoid lock-in. Our expertise in providing these benefits in addition to constant availability, high-performance and enhanced security and analytics will serve us well as we expand into the broader enterprise."
About Benhamou Global Ventures
BGV, is an early-stage venture capital firm with deep Silicon Valley roots, with an exclusive focus on enterprise information technology opportunities in global markets. BGV currently has 17 active companies in its portfolio. The BGV team has successfully built and implemented a cross-border venture investing model with companies from Israel, Europe and Asia. The fund was founded by Eric Benhamou, former chairman and CEO of 3Com, Palm and co-founder of Bridge Communications. Comprised of an experienced partnership team of global operating executives and investors, BGV is often the first and most active institutional investor in a company and has a powerful network of technical advisors, executives and functional experts who actively engage with its portfolio companies. The company has offices in Palo Alto, California and Tel Aviv, Israel.