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Alkira

How much has Alkira raised?

Alkira raised $176 million, including a $100 million Series C in 2024, before Lumen agreed to acquire it for $475 million in May 2026.

Total raised
$176M
Disclosed rounds
Series C plus earlier rounds
Latest round
$100M Series C, May 2024
Latest valuation
$475M acquisition price
First raised
2018 Sequoia-backed period
Notable backer
Sequoia Capital

Alkira's funding rounds

Alkira's latest financing was a $100M Series C before its $475M pending sale to Lumen.

  1. 2018Early backing - valuation not disclosedSequoia partners with Alkira.
  2. Pre-2024Earlier rounds - valuation not disclosedAlkira raises capital before Series C; company later discloses $176M total after Series C.
  3. May 2024Series C - valuation not disclosed$100M led by Tiger Global; total funding reaches $176M.
  4. May 2026Pending acquisition - $475MLumen agrees to acquire Alkira for $475M in cash, expected to close Q3 2026.

Sources:Alkira Series CLumen acquisition announcement

How much has Alkira raised in total?

Alkira disclosed $176 million total funding after its $100 million Series C in May 2024. That is the cleanest company-sourced funding total.

The May 2026 Lumen agreement is not a funding round; it is a pending $475 million cash acquisition.

Who are Alkira's investors?

Investors include Tiger Global, Dallas Venture Capital, Geodesic Capital, LIAN Group, NextEquity Partners, Kleiner Perkins, Koch Disruptive Technologies, and Sequoia Capital.

Why did the valuation move?

The acquisition price reflects strategic value to Lumen: a cloud-native control plane that can pair with Lumen's fiber network for AI-era cloud connectivity. It is not simply a private SaaS revenue multiple disclosed in isolation.

Is Alkira profitable, and will it IPO?

Alkira has not disclosed profitability and is not on an IPO path if the Lumen deal closes. The transaction was expected to close in Q3 2026, subject to approvals.

What does Alkira's funding mean if you sell into them?

Before close, buying may slow or focus on integration-critical needs. After close, sellers will need to map into Lumen procurement and the combined network platform strategy.

As of June 2026.Sources:Alkira Series CLumen acquisition announcementSequoia Our Companies

Alkira — frequently asked questions

Read the full Alkira profile
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How much has Alkira raised — other companies
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