VeloCloud is a TiE50 “Top Start-up” Winner
LOS ALTOS, Calif., June 17, 2014
VeloCloud is excited to announce that it has been selected as a Winner for the prestigious 2014 TiE50 Awards Program. Winners were announced at the organization’s annual entrepreneurial conference, TiEcon, last month.
“We are delighted and honored to be picked as a TiE50 ‘Top Start-up’ winner,” said Sanjay Uppal, CEO and co-founder of VeloCloud. “The award is a great testament to the quality and talent of the VeloCloud team which is committed to re-inventing the WAN.”
“In the six short years since inception, the TiE 50 program has become a global brand that attracts thousands of companies worldwide for this recognition,” said Venktesh Shukla, president of TiE, Silicon Valley. “It is unique in terms of rigor of selection and the broad scope of companies that it reviews for this award and is one of TiE Silicon Valley’s most successful programs. It is also worth mentioning that this is the only awards recognition in technology to be held by a large global non-profit organization.”
The pool of TiE50 Finalists were judged by a panel of highly accomplished serial entrepreneurs, venture capitalists, angel investors, CEOs and well-rounded technology experts, to determine finalists and winners. Companies were evaluated on three parameters: business model, intellectual property value and leadership team.
This year at the event, attendees and TiE50 participants also had the chance to hear from three previous TiE50 winners who have made successful exits recently: FireEye, Pearl Therapeutics and Rubicon Project.
“This year the TiE50 Awards Program screened more than 2800 companies from 27 countries. The finalist pool is represented by early through late stage companies. A star attraction of the conference was TiE50 Finalist presentations. Audiences were treated to great ideas and amazing technologies” said Ram K. Reddy, the program chair.
The TiE50 track record since its inception in May 2009 shows that 94% of the winners and finalists have been funded, attracting billions in investments. Many of these companies have been acquired, merged or gone public.
For further details on the TiE50, visit www.tie50.org.
VeloCloud Networks™, Inc. is the Cloud-Delivered SD-WAN™ company, a Gartner Cool Vendor, the Frost & Sullivan Product Leader in the SD-WAN Solution Market, and a Best of Interop and Best of VMworld winner. The company simplifies branch WAN networking by automating deployment and improving performance over private, broadband Internet and LTE links for today’s increasingly distributed enterprises. VeloCloud SD-WAN includes: a choice of public, private or hybrid cloud network for enterprise-grade connection to cloud and enterprise applications; branch office enterprise appliances and optional data center appliances; software-defined control and automation; and virtual services delivery. VeloCloud has received financing from investors including NEA, Venrock, March Capital Partners, Hermes Growth Partners, Telstra Ventures, Khazanah Nasional Berhad, Cisco Investments, and The Fabric, and is headquartered in Mountain View, Calif. For more information, visit www.velocloud.com and follow the company on Twitter @VeloCloud.