Your Source for Venture Capital and Private Equity Financings

Venture Capital News: Zenlayer Raises $10M in Series A

2017-05-31
LOS ANGELES, CA, Global software defined network and services provider, announced that it has closed a $10 million Series A funding led by F&G Venture.
Zenlayer, a global software defined network and services provider, announced that it has closed a $10 million Series A funding led by F&G Venture with participation from NSFOCUS and other investors. The company will primarily use the capital to accelerate development of its software defined global connection platform and expand its current base of 60+ global data centers.

"Not only do we focus on technological innovation, we strive to always provide 'wow' service to our customers, to constantly exceed their expectations," said Joe Zhu, CEO and Founder of Zenlayer. "In addition to investing in R&D, we will use this capital to increase operational capacity and build a more robust global service center staffed with top-of-the-line engineers."

"The demand for companies to reach global customers is exploding," expressed Steve Hong, Managing Partner of F&G Venture. "Zenlayer is perfectly poised to meet that demand with its global data center and network infrastructure. Its experience in countries that are traditionally difficult to get into, such as China, Russia, Brazil and South Africa, gives Zenlayer a remarkable competitive edge. Moreover, its exponential growth since founding makes Zenlayer an ideal investment target for us."

"More than just a financial investment, we look at this deal as a strategic partnership," stated Jiye Shen, Co-founder and CEO of NSFOCUS, a leading global network security solutions provider. "We look forward to integrating our security capabilities with Zenlayer's connectivity platform to provide global cloud security to our customers."

About Zenlayer
Zenlayer (www.zenlayer.com) is headquartered in Los Angeles and Shanghai, with offices in Beijing, Shenzhen, Hong Kong and Singapore. Through its global connection platform consisting of bare metal cloud, SD-WAN and edge computing services, Zenlayer enables clients to quickly deploy and manage IT resources worldwide so that they can globalize their business within minutes.

About F&G Venture
F&G Venture (www.fgventure.com/en/index.jsp) is a venture capital fund focused on companies with exponential growth in IT industries, such as IT infrastructure, cloud computing, IoT, SaaS, big data, etc. It also targets high-end manufacturing businesses, including intelligence devices, robots, and drones.

About NSFOCUS
NSFOCUS (www.nsfocusglobal.com) is a global enterprise DDoS mitigation provider with a proven track record of protecting some of the largest Fortune 500 companies, including the world's largest mobile provider, and four of the five largest global financial institutions.
(c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000 startups and 5,000 VC investors


Featured Reading