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July - 2013 - issue > Venture Chakra
ThousandEyes raises $5.5 Million from Sequoia Capital
SI Team
Tuesday, July 2, 2013
ThousandEyes, a provider of IT performance management for the cloud era has raised $5.5 million from Sequoia Capital and angel investors. The company intends to utilize the funds to increase the workforce to meet its varied customer demands. The San Francisco startup emerged from stealth mode along with announcing the funding.

The company's service allows companies to determine if software problems come from cloud providers, the enterprise environment or the Internet. “Performance management products have not kept pace with the innovation in cloud services. Legacy products are ineffective in solving problems enterprises face today, creating migraines for IT,” says Mohit Lad, Co-Founder & CEO, ThousandEyes.

As enterprises adopt cloud applications such as Salesforce and WebEx, they are becoming more reliant on networks outside of their control, including the service providers' data centers and the public Internet. Existing performance management products are blind to service issues beyond the corporate network perimeter and when cloud applications are slow or unavailable, IT teams have no idea where the problem lies.
ThousandEyes has developed an innovative new technology that correlates different layers involved in the delivery of applications and pinpoints the source of a problem, whether it is inside or outside an organization.

ThousandEyes also makes it easier for people in different places -- or even at different companies -- to work together to fix problems in real time through a built-in collaboration platform that enables issues to be resolved in minutes and eliminates finger-pointing. Its customers include members of the Fortune 500, Equinix, Evernote, Priceline, ServiceNow, Twitter, Zendesk and Zynga.

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