Key Pointers:
- Nile Global, a networking startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel, secures $175 million in Series C funding to enhance its network-as-a-service (NaaS) platform.
- The company’s NaaS solution focuses on zero-trust security principles, aiming to eliminate operational complexities and enhance the security of enterprise networks supporting cloud IT solutions.
Nile Global Inc., an enterprise network-as-a-service (NaaS) startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel, announced it has raised $175 million in a Series C funding round. The funding was co-led by March Capital Partners LLC and Sanabil Investments, with participation from Saudi Telecom Company’s venture capital arm and Liberty Global Ventures.
Since its launch from stealth mode in September, Nile Global’sNaaS platform has gained momentum, offering a secure-by-design approach based on zero-trust security principles. The company aims to address the complexities hindering enterprise networks from effectively supporting cloud IT solutions without compromising on security. The core notion of zero-trust security ensures that no user or device within a computer network can be inherently trusted.With the latest funding, Nile Global aims to further develop its NaaS platform, expand its global reach, and strengthen its position in the market as it competes with industry giants like Cisco Systems. Nile is committed to providing agile and innovative networking solutions to meet the challenges of an ever-evolving digital landscape.