About Avi Networks
Avi Networks is a Technology company based in Sunnyvale (United States) founded in 2012, and was acquired by VMware in June 2019. Application Delivery Controller and WAF for on-premise and cloud applications. Avi Networks has raised $93 million across 3 funding rounds from investors including VMware, Lightspeed Venture Partners and Cisco Investments. Avi Networks has completed 1 acquisition, including StacksWare. Its Indian entity Avi Networks India Private Limited reported revenue of ₹7 Lakh. Its focus areas include Enterprise Infrastructure, Cybersecurity, Website Security and WAF. Its competitors include Akamai and Signal Sciences; 2 of its 2 listed competitors have raised funding.
Company details
Avi Networks provides an application delivery controller that combines application analytics and real-time user metrics for improved application delivery. The HYDRA Architecture separates the data plane from control plane based on SDN principles. The solution comprises of a modern web-based UI to access the controller. The controller controls by using integrated analytics and the service engines collect the application related metrics.
- Headquarters Sunnyvale, United States
- Stage Acquired
- SectorsTechnology
- Website avinetworks.com
- Social LinkedIn X Facebook
- Acquired by VMware (Jun 2019)
- Legal Name Avi Networks India Private Limited
- Date of Incorporation 08 Mar, 2016
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹7 Lakh
FY 2022 · -99% YoY
- Indian entity net loss-₹63.8 Lakh
FY 2022 · -911% margin
- Indian entity EBITDA-₹19.6 Lakh
FY 2022 · -280% margin
- Total Equity Funding$93M (USD)
in 3 rounds
- Latest Funding Round$60M (USD), Series D
Jun 2018
- InvestorsVMware
& 5 more
- Investments & Acquisitions
- Acquired byVMware
(Jun 2019)
Associated legal entities of Avi Networks
Avi Networks operates through Avi Networks India Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Avi Networks India Private Limited CIN U72200KA2016FTC086768 | Amalgamated | 08 Mar 2016 | Bangalore, Karnataka | ₹0.1 Cr | 131 | 2 | View details |
Funding Insights of Avi Networks
Avi Networks has successfully raised a total of $93M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $60 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $93M
- Total Rounds 3
- Last Round Series D — $60M
- First Round $12.2M
(Nov 2012)
- Investors Count 5
All 3 funding rounds of Avi Networks with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2018 | $60M | Series D | – | Cisco Investments | |
| Aug 2014 | $20.8M | Series B | – | – | |
| Nov 2012 | $12.2M | Series A | – | – |
6 investors in total: 6 institutional.
Investors in Avi Networks
Avi Networks has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include VMware, Lightspeed Venture Partners and Cisco Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Mid-stage venture capital investments and support for tech entrepreneurs. | dagventures.com | |||
Technology investments and expertise in networking, cloud, and security services. | 2003 | ciscoinvestments.com | San Jose, United States | |
Early-stage venture capital firm investing in AI, healthcare, and tech sectors. | menlovc.com | |||
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | ||
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | vmware.com | Palo Alto, United States |
Investor details for Avi Networks
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Board of directors of Avi Networks India Private Limited (Avi Networks)
Avi Networks India Private Limited is the primary company behind Avi Networks. The board of Avi Networks India Private Limited currently have 2 directors; the longest-serving is Devakumar Ramamoorthy, appointed in 2022. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devakumar Ramamoorthy DIN 02207794 | Director | 04 Feb 2022 | 4 yrs 9 mo | Avi Networks India Private Limited |
| Craig Douglas Norris DIN 07977840 | Director | 09 Jun 2022 | 4 yrs 5 mo | Avi Networks India Private Limited |
People of Avi Networks
490 people are tracked at Avi Networks (212 in leadership, 8 in board & advisors, 270 in team).
| Name | Role | Group |
|---|---|---|
Christopher Olson | Global Account Director | Leadership |
Joe Sanchez | Account Director | Leadership |
Stephen P. | Senior Technical Director | Leadership |
Marcie Horton | Senior Account Director | Leadership |
Mohammad Hanif | Senior Director Of Engineering | Leadership |
Frank Ostojic | SVP & General Manager | Leadership |
Tim Lees | A/nz Regional Sales Director | Leadership |
Doyle Reece | Head Of API Strategy / API Security / API Integrations | Leadership |
Robert Desilva | Global Account Director | Leadership |
Kendall Steffens | Account Director | Leadership |
Phillip Brown | Account Director | Leadership |
Jacob Rael | Director | Leadership |
Srinivas Adusumalli | Director, Design Implementation | Leadership |
Joshua Lambert | Head Of Advisory (asia Pacific) - Cloud Transformation Office | Leadership |
Andrew Adkins | Account Director | Leadership |
Fred Taylor | Director Product Marketing | Leadership |
Josef Lo | Product Line Director | Leadership |
Sunny Padacheril | Sr. Director | Leadership |
Glen Kramer | Technical Director, Broadband Technology | Leadership |
Umesh Mahajan | VP & GM Application Networking And Security Division | Leadership |
470 more people are available in the full profile.
Complete people profiles for Avi Networks
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Financials of Avi Networks
Figures of Avi Networks India Private Limited, the primary company behind Avi Networks, for FY 2022. Revenue was ₹7 Lakh (-99% year on year). Net loss was -₹63.8 Lakh (-911% margin). EBITDA was -₹19.6 Lakh (-280% margin). Revenue has grown at a compounded annual rate of -88% over three years and -62% over five years.
- ₹7 LakhRevenue · FY 2022 · -99% YoY
- -₹63.8 LakhNet loss · -911% margin
- -₹19.6 LakhEBITDA · -280% margin
- ₹10 LakhPaid-up capital
- 131Employees (provident fund records)
- -88%Revenue CAGR, 3 years
- -62%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avi Networks India Private Limited are on its company page.
Detailed financial statements for Avi Networks
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Investments & Acquisitions by Avi Networks
Avi Networks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include StacksWare.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Agentless software asset management is delivered for virtual environments. | stacksware.com | San Francisco, United States | 2015 | Sep 2017 | •••• |
Complete acquisition details for Avi Networks
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Timeline of Avi Networks
5 dated milestones of Avi Networks across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Avi Networks is founded.
- Funding First funding round of $12.2M.
- Acquisition Acquires StacksWare.
- Funding Latest funding round, Series D, of $60.0M.
- Exit Acquired by VMware.
Competitors of Avi Networks
Avi Networks has 2 listed competitors in our database, 2 of them funded. They include Akamai and Signal Sciences.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| akamai.com | 1998 | Cambridge, United States | $61.5M | 10,250 | Provider of cloud and AI based CDN management software | |
| signalsciences.com | 2014 | Culver, United States | $61.7M | 140 | Cloud-based WAF and RASP platform is offered for website security. |
Detailed competitors of Avi Networks
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Web traffic of Avi Networks
Websites that share an audience with Avi Networks (avinetworks.com).
Websites whose visitors overlap most with Avi Networks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
blogs.cisco.com | blogs.cisco.com | 100% | – | ||
| paloaltonetworks.com | 100% | 4.3M | #13,401 | View details | |
| cloudbyte.com | 72% | View details | |||
| thinkmojo.com | 61% | 1.1K | #15,015,815 | View details | |
| crunchbase.com | 60% | 3.7M | #12,418 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for Avi Networks
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Top companies in Enterprise Networking & IT Infrastructure
3 companies that operate in the same segment as Avi Networks (Enterprise Networking & IT Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 7,330 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 |
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Related news about Avi Networks
Complete news archive for Avi Networks
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Frequently Asked Questions about Avi Networks
Avi Networks was founded in 2012.
Avi Networks is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Avi Networks is a funded company, having raised a total of $93M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12.2M, raised on Nov 2012.
The primary company behind Avi Networks, Avi Networks India Private Limited, reported revenue of ₹7 Lakh for FY 2022, down 99% year on year.
Avi Networks provides an application delivery controller that combines application analytics and real-time user metrics for improved application delivery. The HYDRA Architecture separates the data plane from control plane based on SDN principles. The solution comprises of a modern web-based UI to access the controller. The controller controls by using integrated analytics and the service engines collect the application related metrics.
Avi Networks's top competitors include Akamai and Signal Sciences.
Avi Networks has made 1 acquisition, including StacksWare.
Avi Networks has 6 investors. Key investors include VMware, Lightspeed Venture Partners, Cisco Investments, DAG Ventures, and Menlo Ventures.
Avi Networks operates through Avi Networks India Private Limited.
Yes. Avi Networks was acquired by VMware in June 2019.
The legal entities of Avi Networks currently have 2 directors, including Craig Douglas Norris, Devakumar Ramamoorthy.