Today is an exciting day in the history of Avi Networks. We just announced our $60 million Series D with the addition of Cisco Investments who is joining our existing investors. This brings our total funding to $115 million.
The commitment from our investors is matched only by the interest and growth we’re experiencing from global enterprises. This past year Avi Networks has tripled bookings, expanded its footprint within existing customers, and seen aggressive adoption from the world’s largest financial services, technology, and media organizations. As of today, 20% of the Fortune 50 organizations use Avi Networks to deliver their business critical applications.
Avi’s intent-based application services platform delivers automation and intelligence across any environment. Our platform’s services — software load balancer, Intelligent WAF, and Elastic Service Mesh — are infrastructure agnostic. Avi’s multi-cloud functionality provides consistent experiences that span data centers and clouds like Azure and AWS. Our platform aligns with enterprise’s multi-cloud strategy.
Avi’s strengthened partnership with Cisco is another reason for excitement. Cisco and Avi Networks’ intent-based application services are aligned and integrated to provide best-in-class automated networking solutions. For the past year, Avi Networks has been on the Cisco Global Price List (GPL) and this has been a success for both companies. Avi’s deep integration with Cisco ACI, Tetration, SAE, and CSP 2100 will help drive adoption of our joint full stack solutions. Customers deploying Cisco ACI are immediately drawn to the benefits of Avi’s matching automation of L4-L7 application services with per-tenant/per-app capabilities, self-service, central management, and application insights.
Avi Networks set out on its mission 5 years ago. Our vision was to provide multi-cloud application services driven by intent and powered by intelligence. In 5 short years we have become a enabling force, helping customers expand into multi-cloud environments and displacing traditional ADC vendors. Avi’s differentiation in the market is validated by our rapid growth in the market and adoption by the world’s largest companies.
We are excited and energized by the continuous support of our customer, investors, and partners like Cisco. Please join us at Cisco Live in Orlando next week and experience for yourself what Avi’s platform can do for you.