Fundraising Fox

Aviatrix

Unicorn · $2B

Santa Clara, US · Delaware corporation · 12 known investors

Aviatrix provides cloud network security solutions with embedded, real-time protection through its Cloud Native Security Fabric platform, serving enterprises that need control, security, and visibility across cloud infrastructure.

Also known as Aviatrix Systems

Founders & leadership

SW
Sherry WeiFounder
SMSteve Mullaney
Steve MullaneyCEO
DMDoug M.
Doug M.in𝕏Chairman, CEO and PresidentAngel

Board

SSShirish Sathaye
Shirish Sathayein𝕏Board MemberPartner at Cervin Ventures
DYDevdutt Yellurkar
Devdutt Yellurkarin𝕏Board MemberInvestor at CRV (Charles River Ventures)
NSNick Sturiale
Nick Sturialein𝕏Board MemberManaging Partner at Ignition Partners

Investors · 12

Also in the syndicate · 6

CRVFormation 8IgnitionLiberty Global VenturesMeritech CapitalTiger Global

Reported raises · per SEC filings

Form D private placements

$46M disclosed across 1 of 3 rounds · 2019–2022

$46MraisedNov 2019 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Shirish SathayeDirector
  • Xiaobo Sherry WeiExecutive Officer, Director
  • Stephen MullaneyExecutive Officer, Director
  • Devdutt YellurkarDirector
  • Nick SturialeDirector
Offering amount
$46M
Amount sold
$46M
First sale
Oct 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$2Bvaluation at Series ESep 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Aviatrix is a Santa Clara, California-based company that builds cloud networking and cloud network security software for enterprises operating across multiple public clouds. Its platform, marketed as the Cloud Native Security Fabric (CNSF), places a Policy Enforcement Point at every VPC boundary; each enforcement point runs the Aviatrix Distributed Cloud Firewall, applying per-workload allowlists to control east-west traffic and outbound egress. Product areas include the Aviatrix Cloud Firewall for zero-trust enforcement across cloud, Kubernetes, serverless and AI workloads, a Secure Datacenter Edge offering for hybrid and edge connectivity with encrypted line-rate transport, and visibility/compliance tooling providing real-time flow maps and unified logs.

The software is cloud-native and works through the cloud providers' own APIs and native constructs, extending them with a common control plane that adds multi-account and multicloud automation, security services, advanced transit, visibility and troubleshooting. Policy is expressed centrally and adapted per cloud across AWS, Azure, Google Cloud, OCI, data center and edge environments, with support for infrastructure-as-code and GitOps workflows. Core deployment components documented by the company include the Aviatrix Controller, gateways, the CoPilot management interface and a VPN client, offered in both self-managed and cloud-hosted forms.

Aviatrix positions its distributed, per-workload enforcement model against centralized "chokepoint" firewall architectures, arguing that routing all traffic through appliances creates fragmentation, latency and coverage gaps in Kubernetes and serverless environments. The company also publishes threat research and a whitepaper series on "containment" as a security category, and markets integrations that complement adjacent tools such as Wiz, Microsoft Security Copilot and Palo Alto Networks next-generation firewalls.

Founding story

Sherry Wei left Cisco Systems in 2014 to start Aviatrix, on the premise that cloud networking is fundamentally different from data center networking from an enterprise customer's perspective. Wei, who holds a Ph.D. in electrical engineering from Purdue University, had been a member of the technical staff at Ardent Communications (acquired by Cisco) and an engineering manager at Cisco; she served as Aviatrix's CTO and chief product officer and later became an advisor to the company. One account also credits Pankaj Manglik, a former Cisco product manager and Alteon WebSystems director, as a co-founder and CEO. In 2019, Steve Mullaney, former CEO of software-defined networking company Nicira, came out of retirement to join Wei as CEO after observing rapid growth in enterprise cloud demand.

Business model

Aviatrix sells software to enterprises rather than hardware appliances, delivering an agentless, in-line platform that runs inside customers' own cloud accounts in self-managed or cloud-hosted form. Positioning emphasizes replacing or backstopping cloud-provider and appliance-based security products, with cost arguments centered on reducing cloud egress spend; the company offers a TCO calculator comparing its platform against cloud provider solutions.

Traction

The company reported more than 550 customers worldwide in September 2021 and over 500 enterprises in 2023, with roughly 400 employees as of 2023. Disclosed cumulative funding was reported at $346.8 million (CNBC, 2022) and $340.8 million across seven rounds (2023), at a $2 billion valuation. Its newsroom listed 313 news and press-coverage items, with entries dated as recently as August 2026.

Latest developments

Recent company news, dated 2026, centers on securing agentic AI and cloud workloads: an announcement of Microsoft agent security across clouds (June 2026), commentary on AI-driven cyber risk from Doug Merritt, and threat-research coverage of vulnerabilities including a VMware vCenter campaign and a NetScaler flaw. The company is currently promoting a four-part whitepaper series on "containment" as a security category and a threat-research narrative in which its enforcement points block an AI agent's attempted data exfiltration after a sandbox escape.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Aviatrix has described itself as a leader in cloud networking and network security, and was characterized in 2021 press coverage of its Series E as the cloud networking leader in a market undergoing multicloud transformation. It was listed by CNBC in 2022 among top enterprise startups in the cybersecurity category, with a $2 billion valuation. Third-party profiles place it alongside larger incumbents including AWS, Cisco, Microsoft, Google, Citrix and Splunk in the hybrid cloud networking market, which one source sized at $129.43 billion in 2023 and projected to reach $348.53 billion by 2028.

Differentiation rests on distributed, per-workload policy enforcement instead of centralized firewall chokepoints: the company argues centralized architectures require five to seven products per cloud plus extensive deployment documentation and break under Kubernetes and serverless traffic steering, whereas its fabric applies one policy across every cloud without hair-pinning traffic or deploying per-VPC firewall instances. Other stated differentiators include agentless in-line enforcement with no application changes, use of cloud-native constructs through provider APIs, egress cost reduction, patented line-rate encryption, and a non-displacing deployment model that adds containment alongside an existing security stack. The ACE certification program is presented as the first multicloud networking certification.

Technology

The architecture distributes Policy Enforcement Points at every VPC boundary, each running the Distributed Cloud Firewall to apply per-workload, identity-aware allowlists at Layer 7, with decryption and inspection, microsegmentation and encryption of sessions. Enforcement is agentless and in-line, requiring no application changes, and is intended to be path-complete, detection-independent, compute-model agnostic and universally propagated across clouds, VPCs and Kubernetes clusters. The platform uses cloud providers' native constructs via their APIs under a single control plane, and includes patented line-rate encrypted connectivity for single-region, multi-region and multicloud topologies. Operational components include a controller, gateways and the CoPilot interface, with real-time flow maps and unified logging for visibility.

Go-to-market

The company goes to market through a direct enterprise sales and support organization scaled worldwide following its growth financing, supported by a partner ecosystem and technology integrations with vendors including Microsoft, Wiz and Palo Alto Networks. It invests in developer and practitioner education through the Aviatrix Certified Engineer certification program, an online practitioner community, seminar series, published documentation, and threat research and whitepaper content marketing.

Large enterprises running workloads across multiple public clouds, including regulated sectors such as financial services and healthcare with encryption, segmentation and HIPAA compliance requirements. Named customers include VMware, NASA, Netflix, Informatica, DXC Technology, Ivanti, ChargePoint, Age of Learning, Raytheon, Chewy and Heineken.

Geography

Headquartered in Santa Clara, California, United States, with customers described as worldwide and go-to-market activity spanning North America and Europe. The platform supports deployments on AWS, Azure, Google Cloud and OCI as well as customer data centers and edge locations.

History

Founded in 2014 and initially based in Palo Alto, Aviatrix moved its headquarters to Santa Clara, California in August 2019 to accommodate staff growth, and in November 2019 introduced the Aviatrix Certified Engineer (ACE) program, described by the company as the first multi-cloud networking certification. In 2021 it ran a "Networking Above the Clouds" multicloud seminar series across Europe and North America and raised a $200 million Series E led by TCV at a $2 billion valuation. In 2022 it was named to CNBC's first Top Startups for the Enterprise list. In 2023 the company launched an online community called "The Cloud Network" and delivered a distributed cloud firewall, and by that year leadership included CEO Doug Merritt, COO John Jendricks and CFO Cyrous Jamé. More recent company news, dated 2026, covers agentic-AI security topics and the addition of Microsoft agent security across clouds.

Risks & controversies

Sources give differing accounts of the company's founding team, with one attributing co-founder status to Pankaj Manglik alongside Sherry Wei while other coverage names Steve Mullaney and Sherry Wei as founders, and reported cumulative funding figures differ between sources ($346.8 million versus $340.8 million). The company competes against cloud providers that also supply native network security products as well as established networking and security vendors.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
CustomersJul 2023500 customers
EmployeesJul 2023400 employees
Total fundingJul 2023$340.8M
ValuationNov 2022$2B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 10

by search overlap
ArrowPoint86 shared keywordsCisco provides networking, data center, and security technology for enterprises, including infrastructure to run traditional and AI workloads and tools to keep organizations running against cyberattacks and outages. Its platform connects networking devices and monitors security events across corporate networks.
Cloudflare Turnstile57 shared keywordsCloudflare provides a global cloud network platform delivering security, performance, and development services through sixty-plus integrated services including SASE, application security, and full-stack development infrastructure.
F556 shared keywordsF5 develops application delivery and security software and hardware platforms, including BIG-IP load balancers and application firewalls, for enterprise and government networks. The company serves organizations requiring network traffic management, cybersecurity, and application access control.
Check Point Software54 shared keywordsCheck Point Software Technologies is a cybersecurity company providing security products and solutions. This page is its investor relations section, containing annual reports, SEC filings, financial results, and corporate governance information.
JumpCloud50 shared keywordsJumpCloud is an AI-powered unified IT management platform that provides identity, access, and device management for organizations managing both human users and non-human AI identities. The platform consolidates management of users, devices, and resources across cloud and on-premises environments to deliver intelligent security and compliance.
Netmaker48 shared keywordsNetmaker provides a WireGuard-based VPN and secure connectivity platform for managing networks across cloud, on-premises, and edge environments. It serves organizations needing encrypted, peer-to-peer network connectivity with centralized orchestration and remote access capabilities.
IO River42 shared keywordsIO River is a Multi-Edge orchestration platform that connects to a customer's existing CDNs and edge providers, importing their rules, cache, and policies to manage delivery, routing, and configuration from a single control layer. It optimizes traffic across 15+ CDNs for performance, cost, and availability without sitting in the delivery path, serving enterprises in sectors such as AdTech, OTT, streaming, gaming, and retail.
Ninjaone41 shared keywordsNinjaOne provides a SaaS platform that unifies endpoint management, IT automation, and security for IT teams. The product centralizes patching, monitoring, and management across large fleets of endpoints.
Palo Alto Networks40 shared keywordsPalo Alto Networks provides cybersecurity platforms and services to protect organizations' digital infrastructure across cloud, network, and security operations. The company serves enterprise organizations, governments, financial institutions, utilities, and healthcare providers globally.
Sumble40 shared keywordsSumble provides GTM teams with a structured view of target accounts, mapping teams, reporting lines, technologies in use, hiring activity, and buying signals so reps can identify decision-makers and personalize outreach. It serves sales, growth, RevOps, and GTM teams selling into technical or complex accounts.

Companies competing with Aviatrix for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 8

launches, deals, and filings
Jun 2026
Aviatrix adds Microsoft agent security across clouds

source ↗

Jan 2023
Launch of 'The Cloud Network' online community and a distributed cloud firewall

source ↗

Nov 2022
Named to CNBC's inaugural Top Startups for the Enterprise list

source ↗

Sep 2021
Aviatrix raises $200 million Series E led by TCV at a $2 billion valuation

Growth funding round led by TCV with new investors Insight Partners and Tiger Global and participation from existing investors; TCV general partner Tim McAdam joined the board. The company said the valuation had more than doubled in the six months since the prior round.

$200M source ↗

Sep 2021
Tim McAdam of TCV joins Aviatrix board of directors

source ↗

Nov 2019
Launch of Aviatrix Certified Engineer (ACE) multi-cloud networking certification program

source ↗

Aug 2019
Headquarters moved from Palo Alto to Santa Clara, California

Relocation to larger office space to accommodate staff growth.

source ↗

Jan 2019
Steve Mullaney joins Aviatrix as CEO

Former Nicira CEO came out of retirement in 2019 to join founder Sherry Wei at Aviatrix.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
AviatrixDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Aviatrix do?
Aviatrix sells a multicloud network security platform that enforces zero-trust policy and containment at every cloud workload.
Who founded Aviatrix?
Aviatrix was founded by Sherry Wei.
Who are Aviatrix's investors?
Aviatrix's investors include 8VC, General Catalyst, Monta Vista Capital, Cervin, CRV (Charles River Ventures), TCV.
How much funding has Aviatrix raised?
Aviatrix has disclosed $46M raised across 1 of its 3 known rounds.
Where is Aviatrix headquartered?
Aviatrix is headquartered in Santa Clara, US.