Kentik, a network intelligence platform provider delivering its services to digital enterprises and service providers, has 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.
With Kentik, businesses would eliminate the visibility and intelligence gaps associated with running dynamic and complex networks, and achieve greater network performance, reliability and security.
Companies like IBM, Zoom, Dropbox, eBay, Cisco, and GoDaddy turn to the Kentik Network Intelligence Platform for instant analytics and insights across cloud and hybrid environments to make informed network and business decisions. 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.”
Real-Time Network Intelligence
“Over the past few months, many of our customers have experienced a 200% to 500% increase in traffic growth on their networks,” said Avi Freedman, co-founder and CEO of Kentik. “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. 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.”
The Kentik Network Intelligence Platform ingests diverse data streams from the internet, edge, cloud, data center and hybrid infrastructures and provides real-time visualizations and AIOps-powered insights and automation.
“At Dropbox, our customers depend on us to keep the global workforce connected, and we’ve built a robust infrastructure to ensure the reliability of our services and support,” said Dzmitry Markovich, Senior Director of Engineering at Dropbox. “As a great partner with a strong roadmap, Kentik provides the real-time visibility, traffic management, and network intelligence we need to deliver a great experience for our customers.”