ThousandEyes, Inc., a San Francisco, California-based network monitoring company, in a recent press release statement, announced raising $50 million in a Series D funding round, led by GV (formerly Google Ventures), the venture capital investment subsidiary of Alphabet Inc. that provides funding to technology companies. After the recent Series D funding round, ThousandEyes has in total raised over $110 million in funding.
The funding round was participated by, Thomvest Ventures, a Silicon Valley-based venture capital firm, who participated as new investors, along with existing investors namely, Salesforce Ventures, Sequoia Capital, Sutter Hill Ventures and Tenaya Capital. Further, this series of new funding will be utilized by ThousandEyes, to expand its operations.
The company specializes in providing cloud, internet and enterprise based intelligence, along with financial services and some of its major fintech customers include PayPal, FIS, Mastercard and Deutsche Bank. The company is also quite active in other fields such as retail, media, and healthcare.
According to Dave Munichiello, General Partner at GV, owing to enterprise’s increasing dependence on cloud-based applications and services, CIOs & CTOs are losing visibility and control of the networks and outages, which greatly impacts end-user digital experiences. Adding further he said that with ThousandEyes enterprises can regain that visibility, the company strives to delivers mission-critical visibility into every network an enterprise relies on, and ultimately has an objective view of enterprise services, clouds, and performance that is unmatched in the technology ecosystem.