As the number of devices on the corporate network continues to rise, the traditional management tools that companies have historically used to handle their traffic are quickly becoming obsolete.

One of the leading contenders to fill the gap is a Boise, Idaho-based firm called Cradlepoint Inc., which today secured a massive $89 million in funding to maintain its position at the front of the pack. Unusually for a round this size, the capital came from just one investor: Silicon Valley-based fund TCV Capital. The firm has previously provided financing to Facebook Inc., Netflix Inc., Spotify AB and many other of the tech industry’s biggest names.

What enabled Cradlepoint to attract such a big investment is its NetCloud platform, which makes it possible to manage all of a company’s wide-area connections through a centralized web console. Organizations can use the service to organize remote end-points into segments and individually configure what backend infrastructure resources each group is allowed to access.

A company looking to better support its mobile workers, for instance, could use NetCloud to restrict what business applications a given employee may use based on their role. Cradlepoint says that the platform also lends itself to providing connectivity for branch offices, cloud environments, connected devices and practically any other technology asset that requires web access. The provider offers a selection of physical networking devices alongside its service to help customers establish physical links more easily.

Cradlepoint claims that more than 1.5 units million have been deployed to date by some 15,000 organizations. The list includes half of the Fortune 100, 75 percent of the world’s top retailers and 25 of the most populated cities in the US. Ed Walton, who heads Cradlepoint’s North American channel operations, told CRN that his company will work to further grow its installed base by, among other things, providing increased support for partners.

Image: Cradlepoint