Zenlayer Receives C+ Funding from Telkom Indonesia

Rhea-AI Summary

Zenlayer announced the closing of a $62 million supplemental financing round led by MDI Ventures, boosting its capacity as a premier edge cloud services provider in Southeast Asia. This strategic investment aims to enhance Zenlayer’s operational capabilities, especially in Indonesia, where it operates 16 interconnected points of presence (PoPs) and a total of 150 PoPs in the APAC region. CEO Joe Zhu highlighted the commitment to Southeast Asia with new dedicated support teams.

Positive

• Successfully closed a $62 million Series-C financing round.
• Expanded global infrastructure and workforce by 25% in six months.
• Launched Zenlayer Global Accelerator (ZGA) to enhance technological capabilities.

Negative

• None.

Financing Solidifies Zenlayer’s Position as a Leading Edge Cloud Services Provider in Southeast Asia

LOS ANGELES--(BUSINESS WIRE)-- Zenlayer, a leading edge cloud services provider focused on improving real-time digital experiences in emerging markets, announces the closing of a supplemental round of financing today from MDI Ventures, the investment arm of Telkom, the largest telecommunications company in Indonesia. This C+ funding brings the entire Series-C financing round to $62 million.

"This strategic investment will fortify Zenlayer’s position as the edge cloud provider of choice in Indonesia and its surrounding regions,” comments Joe Zhu, CEO & Founder of Zenlayer. “We are highly committed to Southeast Asia, as evidenced by our new dedicated sales and support team headquartered in Singapore. In Indonesia alone, we have 16 interconnected PoPs (points of presence), along with an additional 150 PoPs in APAC. Telkom’s vast network in Southeast Asia will boost our capability to provide on-demand, ultra-low latency compute and networking services in the world’s fastest-growing internet region.”

“We are investing in Zenlayer because we saw its explosive growth potential,” states Donald Wihardja, CEO of MDI Ventures. “In just the past six months, not only has the company expanded its global infrastructure and workforce by 25%, but it has also launched a successful PaaS product – Zenlayer Global Accelerator (ZGA), signaling its technological capability to move up the stack. We look forward to offering Telkom customers easy-to-use cloud services powered by APIs as we dive deeper into our partnership with Zenlayer.”

For more information about Zenlayer, please visit www.zenlayer.com and follow Zenlayer on LinkedIn and Twitter.

About Zenlayer

Zenlayer (www.zenlayer.com) offers on-demand edge cloud services in over 220 PoPs around the world, with expertise in fast-growing emerging markets like China, India, Middle East, South America, and Southeast Asia. Businesses utilize Zenlayer’s edge cloud platform to instantly improve real-time digital experiences across the globe.

About MDI Ventures

MDI Ventures is an USD 840+ million multi-stage venture capital firm from Indonesia's largest telecommunications company. It is the largest technology investment company in the country and has one of the best performing funds in Asia. The company's global portfolio spans a wide range of sectors, including healthcare, logistics, fintech, Deep Tech, consumer tech, and more. The holding company PT Telekomunikasi Indonesia Tbk (Telkom Group) is a state-owned enterprise of the Republic of Indonesia. The company is listed on the Indonesia Stock Exchange (IDX: TLKM) and has a secondary listing on the New York Stock Exchange (NYSE: TLK).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220104005162/en/

JSA Agency

Laurel Burton

866.695.3629 x38

JSA_zenlayer@JSA.net

Source: Zenlayer

FAQ

What recent financing round did Zenlayer close?

Zenlayer closed a supplemental financing round of $62 million.

Who led the financing round for Zenlayer?

MDI Ventures, the investment arm of Telkom, led the financing round.

Where is Zenlayer expanding its operations?

Zenlayer is focusing on expanding its operations in Southeast Asia, particularly Indonesia.

What are Zenlayer's recent workforce changes?

Zenlayer expanded its global infrastructure and workforce by 25% in the past six months.

What is the Zenlayer Global Accelerator?

The Zenlayer Global Accelerator (ZGA) is a new Platform as a Service (PaaS) product launched by Zenlayer.