PA

Praveen Akkiraju

Managing Director at Insight Partners

San Francisco Bay Area

Overview 

Praveen Akkiraju is a highly accomplished Product Manager and CEO, currently serving as a Managing Director at Insight Partners and a Board Advisor at Team8. With a strong background in enterprise infrastructure and cloud computing, he has led successful companies like Viptela and VCE, and has made strategic investments in various tech startups, including Stampli and RudderStack. Akkiraju's career highlights include his leadership roles as Chief Executive Officer at Viptela and VCE, as well as his successful investments in high-growth companies like Frontegg and LaunchDarkly.

Work Experience 

  • Managing Director

    2020 - Current

    Investments: Bardeen, Frontegg, LaunchDarkly, Liblab, Postman, Privacera, PlanetScale, Reco, RudderStack, Stampli, Setsail, Teleport, Workato

Insight Partners is a global software investor that partners with high-growth technology, software, and Internet startup companies.

  • Board Advisor

    2018 - 2020

Team8 Capital is a new venture capital vehicle leading investments in early stage enterprise technology and fintech startups.

  • Managing Partner

    2018 - 2019

    Investments: Automation Anywhere

  • Chief Executive Officer

    2016 - 2018

    Viptela is a fast growing startup that fundamentally disrupted the Networking industry by delivering a modern Cloud based SaaS platform for Enterprises to connect their users and applications. Lead the company to a 100M run rate prior to being acquired by Cisco.

Viptela provides technology for businesses to virtualize their Wide Area Networks.

Raised $108,500,000.00 from Moment Ventures, Redline Capital, Northgate Capital and Sequoia Capital.

  • Chief Executive Officer

    2012 - 2016

    Built a profitable $2.1 Billion business which grew at 45.3% CAGR by disrupting Enterprise IT and Data Center infrastructure buying patterns by creating a new Converged Infrastructure market segment. Acquired by EMC Corp. BUSINESS RESULTS: Defined an operating model for the company which aligned the team, board and partners to work efficiently and build one of the fastest companies to top $ 1 Billion in revenues and profitability. PRODUCT STRATEGY: Transformed VCE from a narrow Joint Venture into a true Cloud infrastructure company by expanding portfolio to cover branded, commodity and open source technologies & applications BUSINESS MODEL INNOVATION: As a solutions company, focused on technology partnerships with IT vendors, Systems Integrators & Cloud providers to create differentiation, multiple routes to market & higher margin offers. THOUGHT LEADERSHIP Revamped Marketing strategy and leadership to create an aggressive customer reference led campaign to establish a new market segment and highlight VCE unique differentiation

VCE is an infrastructure solutions provider company.

  • Member, Senior Advisory Board

    2010 - 2015

    Sponsor industry experience for High School STEM teachers in technology companies

  • Senior Vice President & General Manager, Enterprise Networking & Cloud Infrastructure

    2009 - 2012

    Global P&L responsibility for a 5+ Billion Enterprise technology group with the primary task of reversing 3 years of declining growth and margins by revamping the products, team and GTM strategy BUSINESS RESULTS Turned around $ 2.8B Enterprise Routing business delivering net 10% growth while managing complex portfolio & technology transitions across a mix of products in Enterprise Access segment. PRODUCT STRATEGY Created a unified strategy combining Cisco's assets in Enterprise access routing, Security VPNs, Wireless Access and Application acceleration to create a "Branch-in-a-Box" offer to reignite growth. BUSINESS MODEL INNOVATION Championed and launched Cisco Cloud Service Router : Industry’s 1st vCPE & SD-WAN solution delivered in a Software-as-a-Service model for Service Providers and Enterprise customers TRANSFORMATION Completely rebuilt the product strategy and leadership team bring on a rockstar VP of Engineering to revamp the platform architecture and software stack.

  • Vice President & General Manager - Service Provider Infrastructure Business

    2006 - 2009

    Lead Cisco's $3 Billion Service Provider business back to No. 1 market share by delivering the ASR9000 platform to address market share lost to competitive disruption BUSINESS RESULTS Grew the Service Provider Routing business at a CAGR of 20%+ over my tenure as General Manager while regaining No. 1 market share in Core and Edge routing market segments. PRODUCT STRATEGY "Badge on the table" bet to develop and deliver Cisco's flagship ASR9000 Mobile/Broadband edge platform in startup mode, unifying the software strategy across the portfolio. TRANSFORMATION Integrated 3 distinct product lines, teams and cultures to build a unified product strategy to reestablish Cisco's No. 1 market share leadership while dealing with 20% cost reduction objectives

  • Senior Director, Product Managment

    1998 - 2006

    Drove the product definition of flagship Routing platforms (CRS-1, ASR9000), managed products thru the full Life Cycle including driving design tough tradeoffs, product launch & sales enablement

Cisco DevNet is your source for everything developer at Cisco Systems.

  • Board Of Directors

    2009 - 2010

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