Nile raises $175 mln in round led by Sanabil Investments, stc

Networking startup Nile raised nearly $175 million in a new round led by Sanabil Investments, a subsidiary of the Public Investment Fund (PIF), and March Capital.

In a statement, the company said the new round witnessed the participation of investors from several companies, including solutions, stc's corporate investment fund (CIF), and Liberty Global.

The company indicated that its total financing reached $300 million, which reflects the progress it makes to expand its global presence and redefine the way companies consume information technology infrastructure.

Established in 2018, Nile is headquartered in San Jose, California. The company specializes in new generation corporate networks, as it provides solutions for networks supported by artificial intelligence as a central service. It also focuses on providing solutions for secure wired and wireless networks.