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ThousandEyes Closes $20 Million in Series B Funding To Fuel Global Expansion, and Product Innovation
SI Team
Monday, January 12, 2015
ThousandEyes, the company redefining network performance management, today announced that it has closed $20 million in Series B funding. Sutter Hill Ventures led the round, which also included Salesforce Ventures, existing investor Sequoia Capital and Silicon Valley angels. The funding will be used to continue ThousandEyes' rapid customer adoption by accelerating product innovation, expanding presence in North America and Europe and introducing a free version of the ThousandEyes product.

Founded by CEO Mohit Lad and emerged from stealth in 2013, ThousandEyes provides network performance management for dynamic and complex networks. It simplifies how organizations screen, troubleshoot and examine the conveyance of any application or service by enabling them to gain insight into network performance across internal, cloud-based and mobile infrastructures.

Customers include Equinix, Flextronics, ServiceNow and Twitter, as well as four top banks, eBay and other members of the Fortune 500. Since launch, ThousandEyes has been recognized as a 'Cool Vendor' by Gartner, been named a -Vendor to Watch- by Enterprise Management Associates, and received the Network Innovation Award from TechTarget. "The strong adoption and recognition we've received since instigation is a testament to the large gap ThousandEyes is filling for modern enterprise networks. This new round of funding will enable us to accelerate the innovations we are bringing to our users, scale to reach more organizations in more places and deliver value to masses with our new free ThousandEyes version.

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