Silver Peak, a Santa Clara, CA-based provider of broadband and hybrid WAN solutions, received a $90m strategic investment.
TCV, one of the largest providers of capital to growth-stage private and public companies in the technology industry, made the investment. With the investment, TCV general partner Tim McAdam will join the Silver Peak board of directors.
The company intends to use the proceeds to expedite execution of its go to market expansion plans.
Led by Founder and CEO David Hughes, Silver Peak offers a high-performance SD-WAN solution that provides secure and reliable virtual overlays to connect users to applications using any combination of underlying transport without compromising application performance. It delivers all the necessary functions of the new WAN edge in a single device – advanced SD-WAN capabilities, routing, security and integrated WAN optimization.
More than 3,000 globally distributed enterprises have deployed Silver Peak broadband and hybrid WAN solutions across 80 countries.