Aviatrix Raises $200M Series E Financing
Gunderson Dettmer represented client Aviatrix, a leader in cloud networking and network security, in its $200 million Series E financing led by TCV. The recent financing elevated the cloud networking leader’s valuation to $2 billion.
In the announcement of the transaction, CEO of Aviatrix Steve Mullaney said, “The cloud network infrastructure can’t rely on the horrible, complex operational model of the 1990s data center to deliver on that agility. Enterprises need the visibility and security controls they had on-prem, but with the operational simplicity and automation of cloud. Only Aviatrix can deliver this value.”
The Gunderson Dettmer team was led by Brian Willbur and included Andy Bradley and Amy Luong.