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Multicloud networking startup Aviatrix reportedly worth $700M+ after new funding
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Multicloud networking startup Aviatrix Systems Inc. Tuesday will announce it has closed a $75 million funding round led by General Catalyst, the company confirmed today.
The Series D funding comes at a valuation exceeding $700 million, The Information reported this morning.
General Catalyst is a Cambridge, Massachusetts-based venture capital firm with a track record of spotting promising startups. Its previous investments include Airbnb Inc. and Stripe Inc., which is reportedly preparing to raise funding at a more than $100 billion valuation.
Aviatrix provides a cloud networking platform that companies can use to orchestrate the flow of data in their multicloud environments. One of the startup’s products, called Aviatrix Transit, enables information technology teams to centrally manage networking across Amazon Web Services, Microsoft Corp.’s Azure and Google Cloud