- The company aims to eradicate the operational complexities plaguing enterprise networks’ capacity to support cloud-based enterprise IT solutions without compromising zero-trust security.
- Nile said attacks that exploit security holes allow attackers to access a targeted network, identify additional devices, and move silently across the network to achieve their goal.
Nile Global Inc., an enterprise network-as-a-service startup, has announced raising USD 175 million in a recent investment round.
The company aims to eradicate the operational complexities plaguing enterprise networks’ capacity to support cloud-based enterprise IT solutions without compromising zero-trust security. This is the belief that no computer network user or device can be trusted.
Nile Global, co-founded by former Cisco Systems Inc. executives John Chambers and Pankaj Patel, emerged from stealth mode in September with a zero-trust security-based enterprise networking platform. The company claims its secure-by-design approach eliminates the complexities that have exponentially increased the cost and effort required to protect users and devices from advanced threats.
According to Nile, threats designed to exploit weaknesses in an organization’s security posture enable attackers to access a targeted network, discover other devices, and move silently across the network to accomplish their ultimate objective. The Nile platform is designed to defend against this type of attack.
The company’s platform consists of networking hardware and management software for that hardware. Nile claims that its technology offers a 30% to 50% reduced total cost of ownership than competing products.
Since its introduction last year, Nile has continued to enhance its NaaS solution to provide a more secure wired and wireless service through extensive monitoring, analytics, and automation. Beyond North America, the corporation has expanded into Europe, the Middle East, Africa, and Asia. Notable clients are Stanford University, Lunar Energy Ltd., Sprinklr Inc., Pitney Bowes Inc., and Carta Inc.
Pankaj Patel, Chief Executive Officer, said, “Cloud migration strategies for anywhere access to enterprise apps is top of mind for all IT executives, creating a tremendous opportunity for Nile. These trends present unique challenges in the way enterprise infrastructure is consumed, and Nile is committed to addressing them head-on, making our service as agile and innovative as the technology solutions it enables.”
The Series C round was led by March Capital Partners LLC and Sanabil Investments, with participation from Saudi Telecom Co., FirstU Capital LLC, Prosperity7 Ventures, 8VC LP, Liberty Global Ventures LLC, Geodesic Capital Fund, and Valor Equity Partners L.P. To date, including the additional funding, Nile has raised a total of USD 300 million.