Home
Loading

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

Get in touch

  • Contact

  • Request a demo

  • Request data updates

  • Add a company

Research

  • Companies

  • Investors

  • People

aVenture

  • Sitemap

  • Feature requests

Member

Backed by

© aVenture Investment Company, 2026. All rights reserved.

San Francisco, CA, USA

Privacy Policy

aVenture Investment Company ("aVenture") is an independent research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals. It is not a registered investment adviser, broker-dealer, or investment advisor and does not provide investment advice or recommendations. The data provided by aVenture does not constitute recommendations or advice, whether by methodology, analysis, AI-generated content, or a statement written by a staff member of aVenture.

aVenture is not affiliated with any of the people, companies, organizations, government agencies, regulatory bodies, or investment funds we provide coverage for on this site unless explicitly stated otherwise. Users assume full responsibility for decisions made based on information obtained from this platform. Links to external websites do not imply endorsement or affiliation with aVenture. Any links that provide the ability to invest in a primary or secondary transaction in a company are for convenience only and do not constitute solicitations or offers to buy or sell an investment. Investors should exercise heightened precaution and due diligence when investing in private companies, especially those not independently audited.

While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision. To the fullest extent permitted by law, aVenture shall not be liable for any direct, indirect, incidental, consequential, or financial damages arising from use of this site, whether by consumers of its contents directly or by persons or organizations covered by our research, even if we are advised of the possibility. Our best-efforts processes and correction request forms do not create a warranty or duty of care.

Profiles on this platform may include content generated in part by large language models (LLMs, artificial intelligence) that aggregate publicly available sources (e.g., SEC EDGAR, public filings, press releases). Source attribution is provided where known; always verify statements and claims here against original sources before relying on any data. Content on our site may contain inaccuracies, omissions, or what are commonly called 'hallucinations' if generated in part or in full by AI / LLMs. The risk can also exist even when content is written by a human, as internal and third-party sources may also have inaccuracies for the same or different reasons. While we randomly audit a proportion of content, this is not exhaustive.

We recommend that an independent auditor be hired to verify the accuracy of the information before relying on it for any sensitive decisions. By accessing this platform, you agree not to rely solely on any information generated by AI, aggregated, or sourced or written otherwise on this site, for investment, financial, or other decisions. aVenture assumes no responsibility for inaccuracies, omissions, or hallucinations. You must independently verify all data from primary sources. Use of this platform constitutes your waiver of claims for reliance-based damages, including negligent misrepresentation. To report an error, request a correction, or dispute information about a company or individual, contact us via our request data updates form.

Loading
Loading
Home
News
Nile, which offers enterprise networks as a service, raises $175M

From TechCrunch

By Kyle Wiggers

August 1, 2023

Nile, which offers enterprise networks as a service, raises $175M

If you ask Pankaj Patel, there’s too much complexity in networks today — particularly enterprise networks. Complexity has been engineered into enterprise networks over a period of decades, in fact, he argues, and it’s happened because incumbents kept adding complexity to enable new functionality.

“At some point, the incumbents lost sight of where they were because what customers really want is the opposite: simplicity,” he told TechCrunch in an email interview. “They don’t really care what’s behind the scenes.”

In pursuit of simplicity, Patel — previously an executive VP at Cisco, where he led development of the company’s tech portfolio — founded Nile, which delivers wired and wireless networking as a service to large corporate customers.

After tripling its customer base from September 2022, Nile — impressing investors, evidently — today announced that it raised $175 million in a Series C funding round co-led by March Capital and Sanabil Investments with participation from solutions by stc, Prosperity7 and Liberty Global Ventures, 8VC, Geodesic Capital, FirstU Capital and Valor Equity Partners. The new cash brings Nile’s total raised to $300 million, the bulk of which Patel says is being put toward future go-to-market growth and expanding Nile’s workforce from 185 employees to just over 210 by the end of the year.

“For this Series C round, we felt it important to raise funds with strategic partners who are committed to driving Nile into the Middle East and working with their partners on bringing Nile deeper into Europe,” Patel said. “It’s this desire for strategic investment that led us down the path of pursuing equity over debt.”

Nile, which competes with Patel’s former employer, Cisco, as well as Juniper and HPE’s Aruba Wireless, builds from-scratch networks for customers. Priced on a pay-as-you-go basis, scaling up or down based on usage, Nile provides the necessary hardware and software to get enterprise-grade networks up and running — and maintain them.

Patel claims that Nile’s approach can eliminate the need to configure networking devices like switches and routers and automate processes including software and hardware upgrades in addition to security patches.

“Because our service was designed using the same principles of other cloud-born technologies, we have a model whereby we’re able to seamlessly roll out new capabilities without disrupting the Nile service,” he said. “Automation performs continuous software upgrades and delivers the latest security patches in predefined maintenance windows we establish with each customer.”

Nile’s telemetry is one of its key differentiators, Patel argues — allowing the platform to take a snapshot of a network’s performance and measure it against benchmarks. Using sensors and algorithms developed by Nile, Nile’s cloud platform performs network performance analyses in near-real-time, deploying “software bots” as necessary to remedy anomalies.

“We built a network of physical and virtual sensors throughout the service that continuously monitors performance and availability 24/7, and linked those sensors to our cloud, where an extensive library of automations are ready to auto-tune the environment to maintain optimal performance,” he added.

Nile, which for competitive reasons wouldn’t reveal the size of its customer base, claims to count Stanford University, Pitney Bowes and Carta among its clients. Patel says that Nile’s now seeing repeat deployment contracts worth $100,000 annually — up substantially from Nile’s top annual contract amounts a year ago.

Certainly, to the benefit of Nile and its competitors, there’s been an industry-wide move to networking-as-a-service (NaaS) post-pandemic. Incentivizing the embrace of NaaS is the promise of abstracting away network infrastructure, security, management and ownership, with the trade-off that organizations turn over control of their networks to third-party providers.

According to a recent poll published by Nokia, nearly half (47%) of enterprise technology leaders say that their companies plan to adopt NaaS, including 10% who’ve purchased NaaS services already. Only 14% of all respondents said that their organizations have no plans to purchase a NaaS product.

Gartner anticipates that 15% of enterprises will adopt NaaS by the end of 2024. That could drive the market for NaaS to grow from $13.63 billion in 2022 to $155.17 billion by 2030, per Fortune Business Insights.

“There is a very large community of network engineers and architects who’ve long held the responsibility of building, managing, and maintaining these complex networks for decades,” Patel added. “Our subscription-based model reduces the heavy capital burden organizations taken when purchasing a network, and offers IT a system that will continuously be modernized by Nile, removing them from the burden of continuous lifecycle management.”

Most Recent

Neil Rimer thinks the AI money is coming back out

Neil Rimer thinks the AI money is coming back out

Neil Rimer, the venture capitalist who co-founded Index Ventures, predicts the historic wealth AI is generating in Silicon Valley will have to be redistributed, voluntarily or involuntarily.

Jul 17, 2026

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.

Jul 17, 2026

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

The potential deal highlights a growing trend of complex, multi-stage funding rounds that mask true entry prices.

Jul 17, 2026

Founders Fund hires former OpenAI exec Ryan Beiermeister (and not because of her ‘Mafia’ skills)

Founders Fund hires former OpenAI exec Ryan Beiermeister (and not because of her ‘Mafia’ skills)

Ryan Beiermeister, who demonstrated cool analysis in the Founders Fund YouTube series "Mafia," has joined the firm as a partner.

Jul 16, 2026

Similar Posts

Lightyear is on a mission to modernize network procurement

Lightyear is on a mission to modernize network procurement

Dennis Thankachan isn’t someone you’d expect would launch a digital procurement startup. After college, Thankachan went to work for Goldman Sachs as an investment banker. Two years later, he left for a hedge fund, PointState Capital, where he helped to manage equity investing. At PointState, which specializes in telecommunications, Thankachan said he encountered an unexpected challenge: having to make multiple phone calls and wait weeks to procure networking technology. Inspired to try modern

Nov 19, 2024

Aria Networks Launches the Network that Thinks: The World's First AI-Native Network Built to Maximize Token Efficiency

Aria Networks Launches the Network that Thinks: The World's First AI-Native Network Built to Maximize Token Efficiency

Aria Networks said it launched its Deep Networking platform and disclosed $125 million in funding from Sutter Hill Ventures, Atreides Management, Valor Equity Partners, and Eclipse Ventures.

Apr 6, 2026

Aria Networks raises $125M and debuts its approach for AI-optimized networks

Aria Networks raises $125M and debuts its approach for AI-optimized networks

Network World said Aria Networks launched its Deep Networking platform, described the company as founded in January 2025, and reported $125 million in total funding.

Apr 8, 2026

Pylon lands $17M investment to build a full service B2B customer service platform

Pylon lands $17M investment to build a full service B2B customer service platform

Last year Pylon, an early San Francisco startup, was just trying to build its product and bring it to market with a fresh $3.2 million seed investment in its pockets. That product involved helping companies track, manage and route B2B customer conversations in channels like Slack, Microsoft Teams and Discord. What the company learned, however, was that this approach wasn’t enough in the B2B market. Over the last year, it has expanded the mission to include features like ticketing, chatbots, and

Aug 28, 2024

Most Recent

Neil Rimer thinks the AI money is coming back out

Neil Rimer thinks the AI money is coming back out

Neil Rimer, the venture capitalist who co-founded Index Ventures, predicts the historic wealth AI is generating in Silicon Valley will have to be redistributed, voluntarily or involuntarily.

Jul 17, 2026

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.

Jul 17, 2026

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

The potential deal highlights a growing trend of complex, multi-stage funding rounds that mask true entry prices.

Jul 17, 2026

Founders Fund hires former OpenAI exec Ryan Beiermeister (and not because of her ‘Mafia’ skills)

Founders Fund hires former OpenAI exec Ryan Beiermeister (and not because of her ‘Mafia’ skills)

Ryan Beiermeister, who demonstrated cool analysis in the Founders Fund YouTube series "Mafia," has joined the firm as a partner.

Jul 16, 2026

Similar Posts

Lightyear is on a mission to modernize network procurement

Lightyear is on a mission to modernize network procurement

Dennis Thankachan isn’t someone you’d expect would launch a digital procurement startup. After college, Thankachan went to work for Goldman Sachs as an investment banker. Two years later, he left for a hedge fund, PointState Capital, where he helped to manage equity investing. At PointState, which specializes in telecommunications, Thankachan said he encountered an unexpected challenge: having to make multiple phone calls and wait weeks to procure networking technology. Inspired to try modern

Nov 19, 2024

Aria Networks Launches the Network that Thinks: The World's First AI-Native Network Built to Maximize Token Efficiency

Aria Networks Launches the Network that Thinks: The World's First AI-Native Network Built to Maximize Token Efficiency

Aria Networks said it launched its Deep Networking platform and disclosed $125 million in funding from Sutter Hill Ventures, Atreides Management, Valor Equity Partners, and Eclipse Ventures.

Apr 6, 2026

Aria Networks raises $125M and debuts its approach for AI-optimized networks

Aria Networks raises $125M and debuts its approach for AI-optimized networks

Network World said Aria Networks launched its Deep Networking platform, described the company as founded in January 2025, and reported $125 million in total funding.

Apr 8, 2026

Pylon lands $17M investment to build a full service B2B customer service platform

Pylon lands $17M investment to build a full service B2B customer service platform

Last year Pylon, an early San Francisco startup, was just trying to build its product and bring it to market with a fresh $3.2 million seed investment in its pockets. That product involved helping companies track, manage and route B2B customer conversations in channels like Slack, Microsoft Teams and Discord. What the company learned, however, was that this approach wasn’t enough in the B2B market. Over the last year, it has expanded the mission to include features like ticketing, chatbots, and

Aug 28, 2024