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Zenlayer raises $10 million in Series A funding

By | June 01, 2017

 

PRESS RELEASE

 

Los Angeles, CA – May 31, 2017 – Zenlayer, a global software defined network and services provider, announced that it has closed a $10 million Series A funding led by F&G Venture with participation from NSFOCUS and other investors. The company will primarily use the capital to accelerate development of its software defined global connection platform and expand its current base of 60+ global data centers.

“Not only do we focus on technological innovation, we strive to always provide ‘wow’ service to our customers, to constantly exceed their expectations,” said Joe Zhu, CEO and Founder of Zenlayer. “In addition to investing in R&D, we will use this capital to increase operational capacity and build a more robust global service center staffed with top-of-the-line engineers.”

“The demand for companies to reach global customers is exploding,” expressed Steve Hong, Managing Partner of F&G Venture.  “Zenlayer is perfectly poised to meet that demand with its global data center and network infrastructure. Its experience in countries that are traditionally difficult to get into, such as China, Russia, Brazil and South Africa, gives Zenlayer a remarkable competitive edge.  Moreover, its exponential growth since founding makes Zenlayer an ideal investment target for us.”

“More than just a financial investment, we look at this deal as a strategic partnership,” stated Jiye Shen, Co-founder and CEO of NSFOCUS, a leading global network security solutions provider. “We look forward to integrating our security capabilities with Zenlayer’s connectivity platform to provide global cloud security to our customers.”

 

About F&G Venture

F&G Venture (www.fgventure.com/en/index.jsp) is a venture capital fund focused on companies with exponential growth in IT industries, such as IT infrastructure, cloud computing, IoT, SaaS, big data, etc. It also targets high-end manufacturing businesses, including intelligence devices, robots and drones.

 

About NSFOCUS

NSFOCUS (www.nsfocusglobal.com) is a global enterprise DDoS mitigation provider with a proven track record of protecting some of the largest Fortune 500 companies, including the world’s largest mobile provider, and four of the five largest global financial institutions.

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