Paris-based EfficientIP has announced that it has secured $11 million in its Series B round of funding. The investment came from Jolt Capital. The investment will be used by the company to expand internationally.
Besides the expansion with the fresh funding, EfficientIP will be looking to improve its service offerings to increase global DDI demand and enhancing its partner strategy. The company has significant partnerships with the likes of Cisco, VMware, and ServiceNow.
Jolt Capital has a strong background in helping companies scale globally which makes them the perfect partner for EfficientIP’s growth phase.
Guillaume Girard, partner at Jolt Capital said: “We’ve been tracking EfficientIP for some time, and have been impressed with their continued ability to deliver on ambitious growth plans. EfficientIP fits perfectly in our target scope, combining deeptech assets enabling leading-edge solutions and a highly motivated top-tier team in a market which is expanding quickly.”
EfficientIP is a promising network security and automation solution company that is currently led by David Williamson. The company was founded in 2004. The French company competes with the likes of BlueCat, NS1, and Infoblox in the market currently.