March Capital and Sanabil Investments led a $175m Series C round in Nile.

March Capital, a venture capital & growth equity firm, and Sanabil Investments, a sovereign wealth fund, led a $175m Series C round in Nile, an enterprise networks company, with participation from stc, Prosperity7, Liberty Global Ventures, 8VC, Geodesic Capital, FirstU Capital, and Valor Equity Partners. "Nile is in a strong position to take advantage of several paradigm shifts occurring across the technology ecosystem. Cloud-born edge infrastructure solutions are altering the way we engage with each other and interact with physical spaces in offices, schools, and venues. AI is enabling data-driven decision-making to be adopted at a rapid pace. Cloud migration strategies for anywhere access to enterprise apps is top of mind for all IT executives, creating a tremendous opportunity for Nile," Pankaj Patel, Nile CEO and Co-Founder.