ThousandEyes Closes $35 Million Funding Round
February 25, 2016
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ThousandEyes has closed $35 million in Series C funding led by Tenaya Capital, with participation from new investor GV (formerly Google Ventures) and existing investors, including Sequoia Capital and Sutter Hill Ventures.

The new funds will be used to execute on the company's long-term growth plans, which include expanding operations in North America and worldwide, delivering a pipeline of network intelligence innovations and continuing to invest in customer success. With this new round of funding, ThousandEyes' total investment now stands at more than $60 million, giving the company the resources needed to accelerate expansion.

"Business infrastructure is getting increasingly distributed and complex, and organizations need a simple way to gain visibility and insight into all aspects of their corporate network, including those parts running over the public Internet and powered by third-party service providers," said Brian Paul, managing director of Tenaya Capital. "We were immediately impressed by the ThousandEyes network intelligence platform and the caliber of customers that have adopted it, from the world's fastest-growing to the largest organizations. Mohit and Ricardo [ThousandEyes co-founders] have built a solution for today's world and we are excited to lead this round and invest in the next phase of growth for the company."

"ThousandEyes empowers CIOs by giving them unprecedented visibility into the availability of SaaS services that their customers use daily," said Dave Munichiello, General Partner at GV. "The company's traction with large enterprises continues to skyrocket, bringing ThousandEyes' vision of next-generation network intelligence and monitoring to major corporations around the globe."

"We're seeing increasing demand as organizations begin running into significant visibility issues in the era of Internet-delivered cloud services," said Mohit Lad, CEO and co-founder of ThousandEyes. "We've seen rapid growth while remaining capital efficient, and this latest round of funding gives us the resources to expand and scale our platform so more organizations can forecast and eliminate predictable issues and respond to unforeseen events at the speed of modern business."

"We're at a time and place where modern enterprise systems are just beginning to operate in hyperconnected environments," said Jennifer Clark, VP at 451 Research. "ThousandEyes is addressing a significant problem that will grow exponentially as more companies move more of their workloads to cloud based services."

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