Prominent international investment company Tiger Global Management led this round of fundraising, with other investments coming from NextEquity Partners, Dallas Venture Capital, and Geodesic Capital. This round included participation from current investors Kleiner Perkins, Koch Disruptive Technologies, and Sequoia Capital.

Alkira is an expert in offering a full-featured platform for network infrastructure as-a-service, which makes it easy for companies to set up, maintain, and improve their network infrastructure. Because of its emphasis on efficiency, agility, security, and scalability, the platform is a perfect fit for the increasing need for cloud applications and artificial intelligence workloads.

Alkira intends to transform how businesses use networks by accelerating its innovation efforts with the additional financing.

The company wants to make it easier for clients to connect to their business partners, provide new connection models for global Wide Area Networks (WANs), and increase the portfolio of multi-cloud networking solutions it offers. Alkira also plans to combine security and networking in order to get ready for higher workloads including artificial intelligence and to use AI to improve networking.

The large investment will help Alkira continue to expand its solutions for on-demand network infrastructure, which are essential for businesses going through digital transformation. Global end-user expenditure on public cloud services is expected to reach over $1 trillion by 2027, with a prediction of $679 billion by 2024, according to Gartner. Because of this tendency, businesses are being forced to reconsider their approaches to network infrastructure, which makes Alkira's products extremely relevant in the present market.

"The explosive growth of cloud applications and A.I. workloads is fuelling a surge in demand for agile, secure, scalable, cost-efficient networking solutions," said Amir Khan, CEO of Alkira, in response to questions about the fundraising round.

"We're lucky to have solid partners that will support us in meeting this demand as we continue to provide our clients with outstanding value, accelerate growth, and explore interesting new prospects. Alkira's success is fueled by our amazing staff, and we are incredibly appreciative of their efforts and commitment in getting us this far.

With this most recent round of investment, Alkira has raised a total of $176 million, surpassing its previous fundraising total of $76 million.