Kentik announced $23.5 million in growth funding led by Vistara Capital Partners.
Existing investors August Capital, Third Point Ventures, DCVC, and Tahoma Ventures also participated in the round, which combines equity and growth debt. To date, Kentik has raised $61.7 million in total funding.
“Kentik is the right company at exactly the right time. The company already keeps industry-leading enterprises and the largest service providers across the globe operating with the fastest network intelligence and business insights to deliver the most optimal digital experiences,” said Randy Garg, Founder and Managing Partner of Vistara Capital Partners. “Our investment in Kentik demonstrates our confidence in the company as a market leader and its positioning for the next phase of growth, bringing new products to even more markets.”
“Over the past few months, many of our customers have experienced a 200% to 500% increase in traffic growth on their networks. With recent traffic growth, we now have real-time visibility into over 1 trillion traffic measurements per day across billions of users, and see every network connected to the internet, and every cloud and SaaS provider,” said Avi Freedman, co-founder and CEO of Kentik. “The Kentik platform was built to scale and provide real-time network intelligence, even in unprecedented times, to close visibility gaps and enable businesses to remain always-on.”
“With a tremendous customer base, an essential platform, a roadmap that includes new products, and solid investor backing, Kentik is well-positioned for growth,” added Freedman.
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