Graphiant Valuation, Funding & Investors
Graphiant is valued at $400M as of March 2023.
Last Graphiant valuation
$400M
Series B · Mar 2023
Last Graphiant funding round
$19M
Series B · May 2025
Cumulative funding Graphiant raised
$115M
across 3 funding rounds
Key investors in Graphiant
Sequoia Capital
Two Bear Capital
Atlantic Bridge
IAG Capital Partners
Wa’ed Ventures
Harpoon
About Graphiant
Graphiant is a provider of Network-as-a-Service platforms optimizing connectivity for AI workloads, cloud services, and SaaS applications. Atlanta-headquartered, the company delivers agentless software overlays that enhance bandwidth efficiency across multi-cloud environments and hybrid data centers. Its solutions support low-latency paths for video streaming and analytics processing on diverse hardware like Cisco and Juniper routers. Graphiant enables enterprises to scale networks without hardware upgrades, serving sectors in finance and media across the US.
Founded
2020
HQ
San Jose, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$400M (Mar 2023)
Graphiant Valuation
Graphiant is currently valued at $400M, based on its Series B in March 2023.
The $62M round was led by Two Bear Capital, with participation from IAG Capital Partners, Atlantic Bridge, Sequoia Capital and Harpoon.
Graphiant's valuation has grown 4.8x from $84M at its Series A in December 2020 to $400M in March 2023, across 2 priced rounds.
Graphiant valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2023 | Series B | $400M |
| Dec 2020 | Series A | $84M |
Graphiant Funding History
Graphiant has raised a total of $115M across 3 funding rounds.
Graphiant's first fundraising round was a $34M Series A in December 2020. The most recent completed round was a $19M Series B in May 2025.
Graphiant funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2025 | Series B | tali ventures (lead); Wa’ed Ventures (lead); Two Bear Capital; IAG Capital Partners; Sequoia Capital | $19M | - | Graphiant is a US-based Network-as-a-Service (NaaS) provider offering a cloud-native platform that delivers secure, scalable, high-performance connectivity for AI workloads, hybrid and multi-cloud environments, with built-in data sovereignty controls. Founded by Khalid Raza, previously of Viptela (acquired by Cisco in 2017), the company holds over 13 patents and has deployed its platform with enterprises like Sony Pictures and Valmont. It redefines data networks to address security challenges and improve reliability without heavy hardware investments. On May 19-20, 2025, Graphiant closed a $19 million Series B extension round co-led by Wa’ed Ventures (Aramco's $500M VC fund) and Tali Ventures (stc Group's corporate VC arm), with participation from Sequoia Capital, Two Bear Capital, and IAG Capital Partners, bringing total Series B funding to $102 million. The investment supports Graphiant's expansion, including establishing a regional headquarters in Riyadh, Saudi Arabia, to localize technology, develop talent, and partner in energy, fintech, smart manufacturing, and government sectors. Backers provide market access via stc Group's networks and operational support for Saudi digital infrastructure. The funding positions Graphiant to scale its stateless networking for AI demands amid a booming NaaS market projected to reach $92 billion globally by 2030. It aligns with Saudi Arabia's ambitions to become a hub for cloud, connectivity, and AI technologies, leveraging investor commitments to digital transformation in the region. |
| Mar 2023 | Series B | Two Bear Capital (lead); IAG Capital Partners; Atlantic Bridge; Sequoia Capital; Harpoon | $62M | $400M | Graphiant, a San Jose-based provider of next-generation edge services founded by Khalid Raza (former Viptela leader), offers a network edge platform combining MPLS-level performance and security with as-a-service agility, promising up to 70% lower costs and SLA-class service for enterprise connectivity, multi-cloud access, and business-to-business links. The platform leverages a Stateless Core for encrypted traffic routing via metadata labels and Vector Packet Processing (VPP) for high-speed encrypted packet handling, positioning it as a disruptor in the $60 billion secure private networking market against legacy SD-WAN and MPLS solutions. On March 28, 2023, Graphiant closed a $62 million Series B funding round led by Two Bear Capital, with participation from Sequoia Capital, Atlantic Bridge, Harpoon Venture Capital Partners, and IAG Capital Partners, bringing total funding to $96 million from prior rounds including a Series A at $75 million valuation. The post-money valuation reached more than $400 million, reflecting strong early traction since stealth exit and product launch in September 2022, including enterprise adoptions, service provider partnerships, and deals with anchor partners like World Wide Technology (WWT) and Trace 3. Funds are earmarked for scaling go-to-market efforts, expanding the channel program G-Force (emphasizing simplicity, profitability, and joint marketing without tiers), hiring (15% go-to-market team growth), and demand generation amid 'strong traction' in enterprise and service provider segments. Investors highlighted Graphiant's potential to revolutionize WAN architecture, with Sequoia noting its industry-changing prospects and Two Bear Capital praising unexpected service provider enthusiasm boosting global impact. Graphiant plans 100% channel go-to-market, focusing on training, collateral, and engineering resources for partners. |
| Dec 2020 | Series A | Sequoia Capital (lead); Two Bear Capital (lead); Atlantic Bridge | $34M | $84M | Graphiant, a Palo Alto-based computer networking company founded in 2020 by Khalid Raza, raised $33.5 million in a Series A funding round on December 9, 2020, co-led by Sequoia Capital and Two Bear Capital with participation from Atlantic Bridge. The post-money valuation for this round was $83.75 million. The funding was intended to expand operations and business reach, reuniting much of the technology team from Viptela, a pioneer in Software-Defined Wide Area Networking (SD-WAN). Graphiant provides next-generation edge services, combining MPLS-like performance and security with as-a-Service delivery for enterprise connectivity to resources, public clouds, and business partners at up to 70% lower cost with SLA-class performance. The company positioned itself in the networking industry, targeting enterprises and service providers with a next-gen network edge architecture that gained swift adoption, faster than MPLS at Cisco or SD-WAN at Viptela. Following the Series A, Graphiant continued raising capital, including a $62 million Series B in March 2023 led by Two Bear Capital with Sequoia Capital, Atlantic Bridge, and Harpoon Venture Capital Partners, bringing total funding to $96 million at a valuation over $400 million, up from $75 million pre-Series A. Later rounds included additional Series B extensions, reaching total funding around $114 million by 2025 with investors like WAED Ventures and tali ventures. The company expanded leadership with Ali Shaikh as CEO and focused on AI-driven networking and global growth. |
Who has invested in Graphiant?
7 investors have backed Graphiant across its funding rounds, including Sequoia Capital, Two Bear Capital, Atlantic Bridge, IAG Capital Partners, Wa’ed Ventures and Harpoon.
Lead investors include tali ventures, Wa’ed Ventures, Two Bear Capital and Sequoia Capital.
Graphiant Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Kalispell, MT | 3 | Lead | Dec 2020 | |
| San Francisco, CA | 3 | Lead | Dec 2020 | |
| Charleston, SC | 2 | Participant | Mar 2023 | |
 Dublin | 2 | Participant | Dec 2020 | |
 Riyadh | 1 | Lead | May 2025 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialGraphiant Competitors
Graphiant competitors include listed companies like Ribbon Communications, Crexendo, Radcom and Richinfo Technology, and private ones like Fly.io and Solo.io.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Chicago, IL | Private | - | - | $467M | - | |
| United States | Publicly listed | $845M | $60M | $299M | 0.8x | |
| United States | Publicly listed | $68M | $8M | $190M | 2.0x | |
| United States | Publicly listed | $71M | $8M | $177M | 1.1x | |
| United States | Private | - | - | $1B | - | |
 China | Publicly listed | $273M | $51M | $1.3B | 4.6x |
Graphiant Public Comps
Graphiant is still privately-owned, but its public comps include Allot, GABIA, Locaweb, Proact IT Group, AsiaInfo, Corvex, QingCloud Technologies, Kinx, Napatech and Cerillion.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $102M | $6M | 3.0x | 2.7x | 48.2x | 21.8x | |||
| $244M | $62M | 2.4x | - | 9.4x | - | |||
| $289M | ($31M) | 1.4x | 1.3x | (12.8x) | 5.4x | |||
| $477M | $36M | 0.8x | 0.7x | 10.4x | 6.7x | |||
| $940M | $39M | 0.3x | 0.3x | 8.1x | 7.9x | |||
| $433K | ($15M) | 2054.0x | - | (57.9x) | - | |||
| $34M | ($923K) | 9.8x | - | (361.8x) | - | |||
| $116M | $37M | 4.5x | 4.6x | 14.1x | 15.6x | |||
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Common questions about Graphiant
| When was Graphiant founded? | Graphiant was founded in 2020. |
| Where is Graphiant headquartered? | Graphiant is headquartered in San Jose, CA, United States. |
| Is Graphiant publicly listed? | No, Graphiant is a private, VC-backed company. |
| What is Graphiant's valuation? | Graphiant was last valued at $400M in its Series B in March 2023. |
| How much funding has Graphiant raised? | Graphiant has raised $115M across 3 funding rounds. |
| What was Graphiant's last funding round? | Graphiant's last funding round was a $19M Series B in May 2025, led by tali ventures and Wa’ed Ventures. |
| Who are Graphiant's investors? | Graphiant's investors include Two Bear Capital, Sequoia Capital, IAG Capital Partners, Atlantic Bridge, tali ventures, Wa’ed Ventures and Harpoon. |
| Which companies are comparable to Graphiant? | Companies comparable to Graphiant include Fly.io, Ribbon Communications, Crexendo, Radcom, Solo.io and Richinfo Technology. |
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