Zenlayer Raises $50 Million in Series C Funding
Zenlayer, a leading global edge cloud service provider, announced the closing of its $50 million Series C financing today. The round was led by a group including Anatole Investment and Prospect Avenue Capital, and included existing investor Volcanics Venture. These investors join F&G Venture, NSFOCUS, and Forebright Capital to bring Zenlayer’s total financing to $90 million since inception.
Zenlayer will allocate the new financing toward enhancing its edge cloud technology and expanding global network coverage.
"I am excited to announce that we have successfully raised $50 million in Series C," said Joe Zhu, Zenlayer’s Founder & CEO. "We'll accelerate the development and adoption of our PaaS solutions, and continue to focus on emerging markets, helping our customers to capture the explosive growth of regions like Southeast Asia and South America. This capital will bring us one step closer to realizing our mission of improving digital experiences for every organization and person, anywhere in the world."
With its unique edge cloud offerings, Zenlayer enables organizations to instantly deploy compute closer to end users and accelerate their networks to deliver the best digital experience possible. Today, Zenlayer can help organizations reach over 85% of the world’s internet population in just 25 milliseconds or less. By using Zenlayer's PaaS solutions, organizations can achieve this without deploying any infrastructure.
Zenlayer Highlights include:
- 180+ PoPs, reaching 37 countries across 6 continents
- 1,000+ Peers, 230+ Private Lines, and 20+ Tbps of backbone
- 32 patents filed and granted related to SDN routing algorithm, orchestration, and edge traffic management
- Recognized by the Pacific Telecommunications Council (PTC) for Best Networking Innovation in 2019
- Accelerates five of the top 10 most popular global mobile games, and three of the top 10 global social media apps
- Over 40% revenue compound annual growth rate (CAGR) from 2017 – 2020
- 229 on The Financial Times list of The Fastest Growing Companies in The Americas 2021
George Yang, Chief Investment Officer, Anatole Investment: "Zenlayer is an edge cloud technologies leader uniquely positioned to accelerate digital transformation across the world. IT Infrastructure is a critical need for digital enterprises and Zenlayer has demonstrated the immense value companies gain by improving their users’ digital experience. We’re excited to help Zenlayer accelerate their rapid growth and expansion, and continue to innovate edge cloud computing to new heights."
Ming Liao, Founding Partner, Prospect Avenue Capital: "Zenlayer has a remarkable competitive edge. Its exponential growth has made Zenlayer an ideal investment target for Prospect Avenue Capital. Zenlayer is positioned to meet the demands of emerging markets in Southeast Asia, South America, and Northern Africa with its global coverage, low latency edge cloud solutions, and strong infrastructure."
Suyang Zhang, Managing Partner, Volcanics Venture: "We began our relationship with Zenlayer in 2019 and have observed the strength and contributions of their team and growth potential first-hand. We are excited to participate in this latest round of financing to continue Zenlayer’s mission of improving digital experiences for everyone in the world through edge cloud services, instantly."
[Editor's note: This is a lightly edited press release.]
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