VeloCloud Acquisition, Valuation, Funding & Investors

VeloCloud was acquired by Arista Networks for $1B in July 2025.

VeloCloud acquisition price

$1B

Acquired by Arista Networks · Jul 2025

Cumulative funding VeloCloud raised

$84M

across 3 funding rounds

Key investors in VeloCloud

  • New Enterprise Associates
  • Venrock
  • Cisco Investments
  • March Capital
  • Titanium Ventures
  • Khazanah Nasional
  • Hermes Growth Partners
  • The Fabric

VeloCloud Overview

About VeloCloud

VeloCloud Networks is a Mountain View-headquartered developer of cloud-delivered SD-WAN solutions now integrated into VMware's portfolio. The platform automates branch networking over broadband internet, MPLS, and LTE with features like zero-touch provisioning, application optimization, and multi-cloud connectivity. VeloCloud supports distributed enterprises with virtual network functions, centralized orchestration, and secure access to SaaS and IaaS applications.


Founded

2012

HQ

United StatesSan Francisco, CA

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (acquired Jul 2025)

VeloCloud Acquisition

VeloCloud was acquired by Arista Networks for $1B on 1 July 2025.

Before the acquisition VeloCloud had raised $84M across 3 funding rounds.

VeloCloud provides cloud-delivered SD-WAN solutions with integrated security, including edge hardware platforms featuring secure firewalling, application-optimized SD-WAN, and options for Wi-Fi and 5G connectivity. Originally part of VMware's portfolio and acquired by Broadcom, VeloCloud was divested to Arista Networks in a deal announced July 1, 2025, and reportedly valued at $1 billion, with closure expected around June 30. Arista Networks, a leader in data center switching, campus networking, and AI-driven solutions like CloudEOS and VeloRAIN, acquired VeloCloud to fill its WAN and branch connectivity gap, enabling end-to-end client-to-cloud architectures. The acquisition integrates VeloCloud's broad customer base and MSP channel relationships with Arista's wired/wireless switching, high-end 7000-series routers, and AI networking expertise, supporting distributed AI workloads, remote workers, and unified network operations. Arista CEO Jayshree Ullal highlighted the move as bridging enterprise and cloud WAN access, enhancing global deployments with consistent policies across environments and strengthening competitiveness against Cisco. The deal coincides with former Fastly CEO Todd Nightingale joining as president and COO on July 1, 2025, signaling renewed focus, stability, and innovation in SD-WAN, SASE, and AI-optimized traffic management.

VeloCloud acquisition details
AcquirerDateTypePrice
1 Jul 2025Strategic M&A$1B

VeloCloud Funding History

VeloCloud has raised a total of $84M across 3 funding rounds.

VeloCloud's first fundraising round was a $22M undisclosed-stage round in June 2014. The most recent completed round was a $35M Series D in March 2017.

VeloCloud funding rounds

VeloCloud funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2017Series DHermes Growth Partners (lead); New Enterprise Associates; March Capital; Titanium Ventures; Cisco Investments; Venrock; Khazanah Nasional$35MVeloCloud, a Mountain View, California-based cloud networking services company founded five years prior, provides cloud-delivered SD-WAN solutions. The company raised $35 million in a Series D funding round on or around March 2, 2017, led by Hermes Growth Partners. Participating investors included Telstra Ventures, Khazanah Nasional Berhad (Malaysia’s strategic investment fund), and existing backers New Enterprise Associates, Venrock, March Capital Partners, and Cisco Investments, bringing total funding to $84 million. The funding came amid growing interest in the SD-WAN market, which Hermes Growth Partners noted as exploding.
Jan 2016Series CMarch Capital (lead); New Enterprise Associates; Cisco Investments; Venrock$27MVeloCloud Networks Inc., a Cloud-Delivered SD-WAN company headquartered in Mountain View, California, closed a $27 million Series C financing round on January 14, 2016, led by March Capital Partners with participation from Cisco Investments, New Enterprise Associates (NEA), and Venrock. This brought the company's total funding to $49 million. The funds were earmarked for expanding business operations, accelerating new product development, customer rollouts, and ramping up sales and marketing to meet growing global demand for SD-WAN solutions. VeloCloud's platform enables enterprises to rapidly and economically expand wide area networks, supporting application growth, network agility, and simplified branch implementations while optimizing access to cloud datacenters and applications. CEO Sanjay Uppal highlighted exploding global demand for their solutions, positioning the company to provide simplified branch WAN networking, improved performance, and service delivery to mid-to-large enterprises and service providers. March Capital's Sumant Mandal praised VeloCloud as a SD-WAN leader with an impressive array of customers and partners, citing a tremendous growth opportunity in the category. The round validated VeloCloud's unique cloud-delivered SD-WAN strategy amid early market recognition, as noted in Gartner's Market Guide for Software-Defined WAN from December 2015. VeloCloud later achieved a successful exit through acquisition by VMware, as referenced in March Capital's subsequent fund announcements.
Jun 2014Undisclosed stageNew Enterprise Associates (lead); The Fabric (lead); Venrock (lead)$22MVeloCloud Networks, a pioneer in Cloud-Delivered WAN technology, simplifies wide-area networking by delivering virtualized services from the cloud to branch offices and mobile users, combining Internet economics with enterprise-grade performance, visibility, and control. On June 17, 2014, the Los Altos, CA-based company, founded about two years prior with a development center in Chennai, India, announced a $21 million funding round led by New Enterprise Associates (NEA) and Venrock, with participation from incubator The Fabric. This investment aimed to build channels, scale business development, and create a strong ecosystem, as stated by co-founder and CEO Sanjay Uppal. The round positioned VeloCloud to address the needs of distributed enterprises by altering WAN economics, automating operations, enabling agile provisioning for branch sites and cloud data centers, enhancing application policy controls, and reducing connectivity costs. Investors like Venrock's Doug Dooley highlighted the company's huge market opportunity, elegant approach, and execution-focused team. VeloCloud later grew significantly in the SD-WAN space, achieving analyst-estimated $100 million run rates by 2017, though only $44 million in customer contracts were valued as intangibles at acquisition. VMware acquired the company in 2018 for $449 million, below unicorn levels amid competition from over 20 vendors, with an earn-out structure noted in filings.

Who has invested in VeloCloud?

8 investors have backed VeloCloud across its funding rounds, including New Enterprise Associates, Venrock, Cisco Investments, March Capital, Titanium Ventures and Khazanah Nasional.

Lead investors include Hermes Growth Partners, March Capital, New Enterprise Associates, The Fabric and Venrock.


VeloCloud Investors

Investors in VeloCloud by funding rounds participated
InvestorHQRoundsRoleFirst check
New Enterprise AssociatesUnited StatesSan Francisco, CA3LeadJun 2014
VenrockUnited StatesSan Francisco, CA3LeadJun 2014
March CapitalUnited StatesLos Angeles, CA2LeadJan 2016
Cisco InvestmentsUnited StatesUnited States2ParticipantJan 2016
Titanium VenturesUnited StatesUnited States1ParticipantMar 2017
The FabricUnited StatesSan Francisco, CA1LeadJun 2014

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VeloCloud Competitors

VeloCloud competitors include listed companies like Sify Technologies, Asiainfo Security and Richinfo Technology, and private ones like Solo.io, Corelight and Nile.

Public and private companies comparable to VeloCloud
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Solo.ioUnited StatesUnited StatesPrivate--$1B-
Sify TechnologiesIndiaIndiaPublicly listed$468M$107M$1000M2.0x
CorelightUnited StatesSan Francisco, CAPrivate--$900M-
Asiainfo SecurityChinaChinaPublicly listed$1.2B($11M)$781M1.1x
NileUnited StatesSan Jose, CAPrivate$8M-$775M96.9x
Richinfo TechnologyChinaChinaPublicly listed$273M$51M$1.3B4.6x

VeloCloud Public Comps

VeloCloud is no longer listed, but its public comps include Sify Technologies, Asiainfo Security, N-able, Richinfo Technology, Beijing Abt Networks, DPtech, AsiaInfo, Allot, Progress Software and Cerillion.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Sify Technologies$468M$107M3.2x2.0x13.8x8.2x
Asiainfo Security$1.2B($11M)1.2x1.1x(126.2x)339.7x
N-able$509M$80M2.1x2.0x13.5x6.8x
Richinfo Technology$273M$51M4.3x4.6x22.8x18.3x
Beijing Abt Networks$83M($21M)8.3x8.0x(33.0x)-
DPtech$182M$25M5.3x4.9x39.0x-
AsiaInfo$940M$39M0.3x0.3x8.1x7.9x
Allot$102M$6M3.0x2.7x48.2x21.8x

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Common questions about VeloCloud

When was VeloCloud founded?VeloCloud was founded in 2012.
Where is VeloCloud headquartered?VeloCloud is headquartered in San Francisco, CA, United States.
Is VeloCloud publicly listed?No, VeloCloud was acquired by Arista Networks in July 2025.
Who acquired VeloCloud?VeloCloud was acquired by Arista Networks in July 2025.
How much was VeloCloud acquired for?VeloCloud was acquired for $1B in July 2025.
How much funding has VeloCloud raised?VeloCloud has raised $84M across 3 funding rounds.
What was VeloCloud's last funding round?VeloCloud's last funding round was a $35M Series D in March 2017, led by Hermes Growth Partners.
Who are VeloCloud's investors?VeloCloud's investors include New Enterprise Associates, Venrock, March Capital, Cisco Investments, Titanium Ventures, The Fabric, Hermes Growth Partners and Khazanah Nasional.
Which companies are comparable to VeloCloud?Companies comparable to VeloCloud include Solo.io, Sify Technologies, Corelight, Asiainfo Security, Nile and Richinfo Technology.

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