ThousandEyes Raises $50 Million
ThousandEyes, a San Francisco based startup, announced it has raised $50 million in Series D funding.
The funding, led by GV (formerly Google Ventures), as well as Thomvest Ventures, Sutter Hill Ventures, Salesforce Ventures, Sequoia Capital, and Tenaya Capital, will be used to expand its digital experience visibility and intelligence for the growing $206 billion cloud market.
“Over the last year, we have seen unprecedented growth as both domestic and international demand for digital experience intelligence continues to increase at an extraordinary pace,” said ThousandEyes co-founder and CEO Mohit Lad, in a statement. “This new funding round will allow us to further invest in both product innovation and global expansion as we quickly find our solution becoming a non-negotiable piece of the modern operations stack that’s necessitated by the rapidly growing $206 billion cloud market.”
Adds Dave Munichiello, General Partner at ThousandEyes co-funder GV: “ThousandEyes is seeing remarkable traction with Fortune 500 customers and this sustained growth is a testament to the scope of the network visibility problems they continue to solve. ThousandEyes delivers mission-critical visibility into every network an enterprise relies on, and ultimately has an objective view of enterprise services, clouds, and their performance that is unparalleled in the technology ecosystem.”
ThousandEyes’ main business is to allow businesses to see, understand and improve the digital experience for their customers and staff. The ThousandEyes cloud platform offers vantage points throughout the global Internet and cloud providers, providing visibility into the digital experience for each user, application, website or service, over networks. ThousandEyes global client list includes Comcast, eBay, HP, more than 120 of the Global 2000, 65 members of the Fortune 500, 6 of the 7 top US banks, and 20 of the 25 top SaaS companies.