The round was co-led by March Capital and Sanabil Investments, with strategic participation from solutions by stc, Prosperity7, Liberty Global Ventures, and stc CIF (Corporate Investment Fund), and contribution from 8VC, Geodesic Capital, FirstU Capital, and Valor Equity Partners. Nile's impressive raise, which brings its total funding to $300 million, reflects the significant progress the company is making to expand its global position and redefine the way enterprises consume IT infrastructures.

Nile is the leader in next generation enterprise networks, with a vision to transform the way businesses interact with their IT infrastructure. Nile is dedicated to helping customers redirect a significant portion of the $75B in infrastructure operating expenses that they currently bear to critical IT initiatives. Nile's network-as-a-service (NaaS) solution is designed to keep pace with the rapid innovation seen across private and public clouds, and its commitment to agile solutions is setting a new standard for enterprise networks.