What FatPipe does

FatPipe is a publicly traded (NASDAQ: FATN) SD-WAN and cybersecurity vendor founded in 2000 and headquartered in Salt Lake City, Utah. The company invented the concept of multi-line load balancing and failover that became the foundation of modern SD-WAN, and holds 13+ U.S. patents covering its core multipath routing technology, including the proprietary MPSec blockchain-type transmission security method.

Its product portfolio is built around patented multipath aggregation across heterogeneous WAN links (broadband, fiber, 5G, LTE, and satellite). Core offerings include FatPipe SD-WAN and MPVPN for intelligent traffic steering and sub-second failover, WARP for ISP link bonding, Total Security 360 (a SASE-aligned single-stack combining NGFW, IDS/IPS, sandboxing, DDoS mitigation, ZTNA, SWG, CASB, and SIEM), and supporting modules such as Orchestrator, EnterpriseView, Constellation, Cloud Connect, SmartDNS, and the recently launched SATBoost (satellite throughput optimization) and FatPipe Private AI. FatPipe serves 10,000+ customers across healthcare, financial services, government, retail, and education verticals, with deployments ranging up to 210+ sites.

The company monetizes through three streams: software subscriptions (recurring MRR — up 56% YoY in Q4 FY2026), hardware appliance sales, and professional/managed services. Distribution combines direct enterprise field sales with channel partners, an agent program, TD SYNNEX global distribution, AWS/Azure Marketplace listings, and government procurement vehicles (NASA SEWP, Equalis Group). FY2026 revenue was $19.2M (+18% YoY) with Q4 revenue of $7.2M (+90% YoY), adjusted EBITDA margin of approximately 28%, and net income of $5.0M (+154% YoY); the company completed its NASDAQ IPO in April 2025 and subsequently secured a $5M term loan from Fortis Bank.

Name

FatPipe

Legal name

FatPipe Inc.

Website

https://fatpipeinc.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

251–500 employees

Short description

FatPipe is a NASDAQ-listed SD-WAN and cybersecurity vendor that invented multipath WAN aggregation, serving 10,000+ enterprise and public-sector customers with patented routing, SASE, and managed security solutions.

Ownership category

akta.pro rank

Product category

SD-WAN / Network Security Software

NAICS

Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Integrated Systems Design (7373), Computer Communications Equipment (3576), Services-Prepackaged Software (7372)

akta.pro primary industry

Multi-Site Enterprise Connectivity Bundles (Hybrid WAN/MPLS+Internet) (HDAIAFAL)

akta.pro secondary industries

Enterprise LAN/WAN & SD-WAN Services (BPAEAEAD), WAN Management & SD-WAN Orchestration (HDAFAMAI), WAN & SD-WAN Orchestration/Controllers (HDAFAGAH), Resilient DNS, Traffic Management & Global Load Balancing (HDABAIAI), Enterprise Branch Routing (SD-WAN/Edge Routers) (HDAFABAA)

Keywords

• Software-defined networking
• Network security
• WAN optimization
• Cybersecurity platform
• Secure access edge

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Supply Chain, Infrastructure

Revenue model

1. Software Subscriptions (Recurring Revenue): Monthly recurring billings from SD-WAN software licenses and cybersecurity solutions. Q4 recurring revenue grew 56% Y-o-Y. Customer renewals and new customer wins drive adoption.
2. Hardware Appliances: Sale of FatPipe hardware devices including SD-WAN appliances, WARP devices, and edge networking equipment.
3. Professional Services: Implementation, deployment, and managed services including fully managed migration assistance at no additional cost for VeloCloud replacement program.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels7 records

Core offering

FatPipe develops and sells patented SD-WAN software and an integrated cybersecurity platform that aggregates multiple WAN connections (broadband, fiber, 5G, LTE, satellite) into a single resilient link with sub-second failover and intelligent load balancing. Its product portfolio includes MPVPN, FatPipe SD-WAN, WARP, Total Security 360, SASE, and supporting modules (Orchestrator, EnterpriseView, Constellation, SmartDNS, Cloud Connect, SSL VPN, Private AI), delivered as hardware appliances, virtual instances, or cloud-hosted services for multi-site enterprise networks.

Product overview

FatPipe offers a unified SD-WAN and cybersecurity platform portfolio built around its core MPVPN/SD-WAN technology with patented multipath routing. The product lineup centers on FatPipe SD-WAN/MPVPN (intelligent multi-WAN aggregation with sub-second failover), WARP (fault-tolerant multi-ISP bonding), and Total Security 360/SASE (single-stack security combining NGFW, IDS/IPS, sandboxing, and SIEM). Supporting modules include Orchestrator (centralized management), EnterpriseView/Constellation (network monitoring and visibility), Cloud Connect (cloud on-ramp), SmartDNS (inbound load balancing), Server Load Balancer (application delivery), SSL VPN (secure remote access), and Private AI (on-premise generative AI). The platform supports deployment as hardware appliance, virtual instance, or cloud-hosted service, and is available through direct purchase, TD SYNNEX distribution, and agent/reseller channels.

Differentiator

Problem solved

Functional benefit

Brands

• WARP: Fault-tolerant internet connections combining multiple ISP links with sub-second failover and dynamic load balancing.
• MPVPN®
• FatPipe SD-WAN
• Total Security 360
• EnterpriseView®
• FatPipe AI
• FatPipe Private AI
• FatPipe Orchestrator
• SIEM
• SmartDNS™

Products and services

• FatPipe SD-WAN Software-defined wide area networking solution that aggregates multiple WAN connections (broadband, fiber, cellular, satellite) with sub-second failover, intelligent load balancing, and policy-based routing for mission-critical enterprise applications.
• MPVPN (Multi-Path VPN) Patented router clustering device that aggregates two or more data lines of any type for secure, redundant, high-speed VPN connectivity with MPSec blockchain-type transmission security and multi-path failover.
• Total Security 360 Single-stack security solution combining next-generation firewall, IDS/IPS, antivirus, email security, sandboxing, DDoS mitigation, and SIEM capabilities in cloud and on-premise deployments.
• SASE (Secure Access Service Edge) Cloud-delivered framework unifying network connectivity and security, combining SD-WAN WAN edge with ZTNA, SWG, CASB, FWaaS, DLP, and cloud-based firewall/IDS/IPS.
• WARP Fault-tolerant internet connection solution combining two or more ISP connections for automatic failover and dynamic load balancing, achieving 99.9998% WAN availability without BGP programming.
• 5G & LTE Cellular connectivity solutions for branch and remote deployments with built-in 5G/4G capabilities, automatic failover paths, plug-and-play connectivity, and up to 3000% upload speed improvement with compression.
• Next-Gen Firewall Advanced firewall delivering stateful inspection, IDS/IPS, antivirus, anti-spam, sandboxing, DLP, URL/DNS filtering, and DDoS blocking in a unified multi-layer integrated defense.
• SIEM (Compliance Reporting) Security information and event management solution providing continuous compliance monitoring, real-time threat detection, and audit-ready reporting aligned with NIST, HIPAA, PCI-DSS, GDPR, MITRE ATT&CK, and TSC frameworks.
• FatPipe Orchestrator Centralized management platform for enterprise WANs enabling branch deployment, configuration management, and hybrid WAN topology control through key-based templates with near zero-touch provisioning.
• EnterpriseView Centralized network monitoring and management console providing real-time dashboards, application usage analytics, ISP link quality measurements, and proactive malicious traffic identification.
• FatPipe Constellation Real-time WAN visibility platform providing live topology dashboards, branch telemetry, user experience monitoring, and resilient data continuity with local edge caching.
• Cloud Connect Cloud-enabled SD-WAN providing seamless integration with major cloud operators for direct, efficient access to cloud applications, with split tunnel capability, QoS, compression, and centralized web access control.
• Server/Application Load Balancer Layer 4 and Layer 7 traffic distribution solution with health monitoring, automatic failover, SSL/TLS offloading, and real-time analytics supporting multiple load balancing algorithms.
• SmartDNS Intelligent inbound load balancing and line failover technology providing redundancy and aggregated speed for IP traffic without BGP programming, supporting multi-provider IP addressing and automatic failover.
• SSL VPN (Secure Remote User Access) Secure remote access solution enabling remote users to connect to corporate LAN via SSL VPN with multi-factor authentication, multiple encryption algorithms, and unlimited user licensing.
• FatPipe Private AI Enterprise AI solution running AI models entirely within customer LAN with zero data leakage, full usage visibility, 95%+ cost savings versus public AI platforms, and support for custom open-source models.
• SATBoost Proprietary software solution that increases data throughput on Starlink, Viasat, and Amazon LEO satellite connections by up to 300%, combining multipath link aggregation with smart routing for resilient high-speed connectivity.
• Managed WAN Edge Managed service providing network availability improvements, mission-critical application performance optimization, and 24x7x365 proactive monitoring with single point-of-contact support, achieving 99.999988% WAN reliability.

Quantifiable outcome

• WAN reliability increased by over 300%
• +7 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature10 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• TD SYNNEXflagshipChannel Partner/ Reseller/ Distributor · 31 March 2026Global IT distributor partnership to expand reach of FatPipe Secure SD-WAN and cybersecurity solutions globally. Partnership leverages TD SYNNEX's extensive distribution network to reach enterprise partners and customers worldwide through ecosystem spanning 100+ countries and 150,000+ customers.
• NutanixcoreTechnology or IntegrationFatPipe SD-WAN integration with Nutanix Acropolis Hypervisor combining HCI platform with FatPipe SD-WAN technology for dynamic load balancing, security, DPI, QoS, WAN optimization, and DNS management deployment.
• RingCentralcoreTechnology or IntegrationJoint product verification with certified UCaaS use case performance metrics. FatPipe automation tools have RingCentral supernet IP addresses and port information pre-configured for automatic latency, packet loss, and jitter requirement handling.
• Microsoft AzurecoreTechnology or IntegrationFatPipe SD-WAN available on Azure Marketplace. FatPipe instances can be spun up on Azure cloud platform with deployment options including on-premise, in the cloud, or as managed service.
• Amazon Web Services (AWS)coreTechnology or IntegrationFatPipe SD-WAN available on AWS Marketplace with BYOL licensing. Provides direct and optimized access to AWS-hosted cloud applications with seamless failover and MPSec blockchain-type data transmission security.
• Project Darwin ConsortiumcoreStrategic or Co-development PartnerFatPipe provided wide area networking technology for autonomous vehicle connectivity demonstration. Consortium includes Virgin Media O2, Hispasat, European Space Agency, and University of Oxford. FatPipe technology enabled seamless failover between terrestrial 5G and satellite networks achieving 99%+ connectivity uptime.

Scale indicators13 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• HPE Aruba (Silver Peak): HPE Aruba's Silver Peak SD-WAN competes with FatPipe in enterprise multi-site WAN deployments, leveraging HPE's broad networking portfolio, large channel, and incumbent enterprise relationships.
• Cisco Meraki: Cisco Meraki is the largest cloud-managed SD-WAN and broader networking/SASE incumbent, named alongside FatPipe in the SoftwareReviews SD-WAN Midmarket rankings. It competes across the full SD-WAN, security, and networking portfolio with substantially greater scale and brand recognition.
• Fortinet: Fortinet is a broad incumbent offering FortiGate SD-WAN integrated with its dominant NGFW and security platform. It competes with FatPipe in the all-in-one networking + security category and benefits from a much larger global sales footprint.
• Palo Alto Networks Prisma SD-WAN: Palo Alto Networks Prisma SD-WAN (acquired from CloudGenix) is a major SD-WAN/SASE competitor and a broad cybersecurity incumbent. It directly overlaps with FatPipe's Total Security 360 positioning for consolidated networking + security.
• Juniper Networks (Mist AI / Session Smart): Juniper's Session Smart SD-WAN and Mist AI platform compete with FatPipe in enterprise and mid-market SD-WAN. As part of HPE post-acquisition, Juniper brings deep networking incumbency and AI-driven networking capabilities.

Direct peers

• Aryaka Networks: Aryaka is a direct SD-WAN and SASE competitor named alongside FatPipe in the SoftwareReviews SD-WAN Midmarket rankings. It offers a similar managed SD-WAN + security stack and targets the same multi-site enterprise mid-market segment.
• Versa Networks: Versa Networks is a direct SD-WAN and SASE competitor offering a single-stack platform unifying networking and security (SD-WAN, NGFW, ZTNA, SWG). It competes head-to-head with FatPipe in mid-market and enterprise multi-site deployments.
• Cato Networks: Cato Networks is a pure-play SASE/SD-WAN competitor built on a global cloud-native architecture. It overlaps with FatPipe's Total Security 360 and SASE offerings in serving distributed enterprises seeking consolidated networking and security.
• VMware (Broadcom) SD-WAN / VeloCloud: VMware's VeloCloud SD-WAN is the explicit competitive target of FatPipe's VeloCloud Replacement Program. Despite post-acquisition customer dissatisfaction, it remains a large installed base competitor in enterprise SD-WAN.

Emerging players

• Cradlepoint (Ericsson): Cradlepoint (now part of Ericsson) competes with FatPipe in 5G/LTE-enabled SD-WAN and wireless WAN edge deployments, with comparable focus on cellular, multi-path connectivity, and distributed enterprise branch use cases.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fatpipetech
• YouTubeyoutube.com/c/FatPipeNetworks
• Facebookfacebook.com/fatpipeltd
• LinkedInlinkedin.com/company/fatpipe-networks

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FatPipe