Volterra emerges from stealth with over $50 million in funding to provide a distributed cloud platform for integrating multi-cloud and edge environments
Global research firm Gartner expects that “by 2022 more than 50% of enterprise-generated data will be created and processed outside the data center or cloud.” This transition will drive increasingly distributed deployments of applications and data, along with a highly varied set of infrastructure. Nowhere will this be more visible than the evolution away from centralized data centers, as “by 2022, Gartner expects the majority of enterprise data to be produced and processed outside of data centers, and it is conceivable that will grow to 75%, 80% or 90% by 2025.”1
To address the major challenges that will result from widely distributed applications and diverse infrastructure, Volterra, an edge computing SaaS provider, developed a cloud-native environment that can be deployed across multiple public clouds and edge sites — a distributed cloud platform. Within this SaaS-based offering, Volterra integrates a broad range of services that have normally been siloed across many point products and network or cloud providers.
Today, Volterra announced it has launched from two years of stealth operations with over $50 million in funding to date. Investors include top-tier venture capital firms Khosla Ventures, Mayfield and M12 (Microsoft’s venture fund), as well as a growing set of strategic investors/partners including Itochu Technology Ventures and Samsung NEXT. Volterra’s launch comes during a period of rapid expansion for the company, during which it has grown to 100+ engineers and 30+ global customers.
“As a people-first investor, it has been a delight to work with serial entrepreneur Ankur and his team on their bold idea of a platform for the distributed cloud era,” said Navin Chaddha, Managing Director, Mayfield. “They clearly see the challenge that enterprises are facing as they distribute applications across clouds and the edge, and have assembled a team of more than a hundred experts to build the answer. With over thirty customers already in production, we are confident that Volterra will make a major impact on the distributed cloud market.”
Founded in 2017 by Ankur Singla and Harshad Nakil, the Santa Clara, California-based Volterra provides a distributed cloud platform to deploy, connect, secure and operate applications and data across multi-cloud and edge sites. Line-of-business leaders can drive business transformation and automation by distributing workloads closer to business activity. DevOps teams can manage fleets of applications and infrastructure with less complexity. Network teams can simplify application connectivity and security across clouds. Volterra address the rapidly growing trend of data and applications residing outside corporate data centers.
“I’ve worked with the world’s largest service providers and enterprises over the last several years as they evolved their infrastructure to become software-defined,” said Singla, “but now they are being forced to distribute that infrastructure, and the applications using it, across multiple cloud providers and edge locations.”
“We are excited to work with Volterra to architect an unprecedented edge computing environment across our 5G network,” said Keiichi Makizono, SVP & CIO, SoftBank Corp. “Volterra has demonstrated that it solves critical operational challenges within existing telco cloud service offerings, increasing operator efficiency and revenue streams while delivering a cloud-native experience that will drive developer adoption.”
“As an online marketplace the availability of our website is critical, as every minute of downtime results in a significant loss of revenue and a deterioration of our brand,” said Romain Broussard, IT Director at Cdiscount.com. “We have worked very closely with Volterra to maximize our resiliency and security, as well as our user experience, and have been able to build a complete application delivery network and several security tools with their VoltMesh service.”