Lavelle Networks Secures Rs 2 Crore from ASM Technologies
Indian enterprise networking company called Lavelle Networks Pvt. Ltd, has raised around Rs 2 crore ($270,000) in a financing round. This round was led by infotech consulting and software services company ASM Technologies Ltd.
Following this funding round, the valuation of the company is expected to reach around $5.2 million (Rs 38.4 crore). This financing round has come eighteen months after Ideaspring Capital invested $600,000 (Rs 4 crore) in Lavelle.
The company is based in Bengaluru and was co-founded by Shyamal Kumar and Karthik Madhava in 2015. Lavelle offers a software-defined networking (SDN) platform for wide area network (WAN) management. WAN refers to a telecommunications or computer network that extends over a large geographical distance.
The main idea of the company i...