Cloud-based network provider Aryaka raises $45 million: source

Cloud-based private network provider #Aryaka, which plans to go public in 2018 with a more than $1 billion valuation, raised $45 million in its latest funding round, a source close to the matter said. The funding was led by venture capital firm #ThirdPointVentures and included Germany's #DeutscheTelekom Capital Partners as a new investor, the source said. Deutsche Telekom Capital, which is Deutsche Telekom AG's (DTEGn.DE) investment management group, is the first telecom company to invest in Aryaka. Milpitas, California-based Aryaka, which has about 500 customers across the globe including Skullcandy Inc and fashion house Gucci, helps businesses interconnect branches through its private network. With more businesses moving to cloud, demand for such services has been surging.

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