Viptela, the Software-Defined WAN (SD-WAN) company, today announced that it was named a top 50 tech startup to watch in the fourth annual Startup50 competition. Each year, hundreds of tech startups in five categories are evaluated by a panel of experts and voted on by readers in order to determine the top 50 winners. See: http://startup50.com/big-50-2016-final-50/. Previous Big 50 startups have since achieved billion dollar valuations (Cloudera), been acquired by major incumbents (Eucalyptus) and completed successful IPOs (Square).
“I won’t be at all surprised if several of the startups in the Big 50-2016 list are household names in the coming years,” said Jeff Vance, founder and Editor-in-Chief of Startup50. “This is a really strong lineup, with startups tackling everything from artificial intelligence to water treatment to cyber-security and Big Data.”
“We are pleased to be recognized as a top startup in the Startup50 Report and look forward to continuing the tradition of excellence set by prior Big 50 winners,” said Amir Khan, CEO of Viptela. “In a difficult funding environment, Viptela just raised $75M for global expansion and to meet pent up demand for our SD-WAN platform from enterprises in retail, banking, financial services, and service providers like Verizon and Singtel.”
Viptela Software-Defined Wide Area Network (SD-WAN) technology virtualizes WAN infrastructures to allow for fast roll-out across the extended enterprise, including remote offices, branches, stores, campuses and data centers. By enabling companies to securely augment and replace slow and expensive legacy MPLS connections with fast and cheaper broadband alternatives, Viptela can reduce telecom expenditures by 50% while providing 10x more bandwidth and 5x higher cloud performance. More than 25 Fortune-500 enterprises use Viptela, and major carriers including Verizon and Singtel offer Viptela-powered managed SD-WAN services.
About the Startup50 and Big 50-2016Jeff Vance founded Startup50 in 2013 in order to establish a hype-free zone and to start repairing the broken relationship between journalists, marketing/PR, and the startups themselves. Prior to founding Startup50, Jeff regularly contributed feature stories to Forbes.com, Network World, CIO, Wired, and many others. He also founded and still runs Sandstorm Media, a content marketing consultancy, in 2003. The Big 50 is Jeff’s yearly roundup of the hottest 50 startups to watch. These are startups that have all gone through Startup50’s rigorous vetting process and that represent the technologies, market sectors, and trends that are poised to challenge the status quo in the coming year and beyond. For more information, visit http://startup50.com/.
About ViptelaViptela provides Software-Defined Wide Area Network (SD-WAN) technology that virtualizes WAN infrastructure. The platform allows global companies to build carrier agnostic, policy-controlled and cost-effective WANs. Viptela has been deployed at thousands of sites by more than 25 Fortune 500 enterprises; and major carriers including Verizon and Singtel are using Viptela to deliver managed SD-WAN services. The company has been named a Gartner Cool Vendor and a Next Billion Dollar Startup by Forbes. Viptela is backed by Redline Capital, Northgate Capital and Sequoia Capital. For more information, visit: viptela.com or follow us on Twitter @viptela.