# Versa Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/versa-networks

- Industry: IT Infrastructure
- Headquarters: Santa Clara, US
- Website: www.versa-networks.com
- Total disclosed funding: $127M
- Latest round: Series D (Jun 30, 2021)
- Investors on record: 6

## About

Versa Networks, Inc., based in Santa Clara, US, provides a Secure Access Service Edge (SASE) platform that integrates advanced networking and security functionalities for enterprises across various sectors.Founded in 2012 by Aidar Attokurov, Apurva Mehta, Jace Cohen, Kumar Mehta, Monika Hauck, Sara Edwards, and Toby Benson, Versa Networks, Inc. specializes in SASE solutions. The company has undergone strategic growth and received significant investments, including a Series D round in October 2022, raising USD 84.00 mn from investors including Princeville Capital, RPS Ventures, and Sequoia Capital. Its headquarters is located in Santa Clara, US.Versa Networks specializes in providing a comprehensive Secure Access Service Edge (SASE) platform that integrates advanced security and networking functionalities. Their core offerings include a unified platform that encompasses secure SD-WAN, Zero Trust Network Access (ZTNA), Cloud Access Security Broker (CASB), and various security services such as Data Loss Prevention (DLP) and advanced threat protection. These products are designed to streamline network operations while ensuring robust security across a wide range of environments, catering to clients in sectors such as financial services, telecommunications, healthcare, and retail. The platform is built on a Zero Trust foundation, offering dynamic security posture assessment and integrated telemetry for real-time threat detection and network performance optimization. Versa Networks serves a diverse client base, including Fortune 500 companies and global enterprises, with products deployed across markets such as North America, Europe, and Asia-Pacific, ensuring a comprehensive solution for hybrid and remote workforces.Versa Networks generates revenue primarily through subscription-based models for its SASE platform and associated services. Clients engage with the company through direct business-to-business transactions, where enterprises subscribe to the platform based on their specific needs, often influenced by factors such as the number of users or bandwidth requirements. Revenue may be derived from both cloud-based and on-premises deployment options, allowing flexibility in how organizations utilize the services. Flagship products like Versa SASE and Versa Secure SD-WAN are central to their offering, and clients typically enter into multi-year agreements that include ongoing support and updates. The pricing structure is designed to accommodate various scales of operation, from individual users to large organizations with extensive networking needs, ensuring that clients can achieve the desired balance of performance and cost-efficiency.In October 2022, Versa Networks, Inc. raised USD 84.00 mn in Series D funding, with the capital aimed at advancing its SASE product innovations and expanding its sales and marketing efforts. The company is actively designing new products for future launch but has not specified release dates. Additionally, Versa Networks plans to expand its reach into new geographic regions, although specific markets targeted for this expansion have yet to be disclosed.

## Funding rounds

- Series D, Jun 30, 2021, $84M — Hong Shan, Princeville Capital, RPS Ventures
- Series B, May 5, 2014, $29M — Mayfield Fund, Hong Shan, ARTIS Ventures, Verizon Ventures
- Series A, Sep 12, 2012, $14M — Hong Shan

## Investors

- Hong Shan — Series A, Series B, Series D
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series B
- ARTIS Ventures (https://capitalatlas.ai/funds/artis-ventures) — Series B
- Verizon Ventures (https://capitalatlas.ai/funds/verizon-ventures) — Series B
- Princeville Capital (https://capitalatlas.ai/funds/princeville-capital) — Series D
- RPS Ventures (https://capitalatlas.ai/funds/rps-ventures) — Series D