siliconindia | | July 20138ThousandEyes, a provider of IT performance management for the cloud era has raised $5.5 million from Sequoia Capital and angel inves-tors. The company in-tends to utilize the funds to increase the work-force to meet its varied customer demands. The San Francisco startup emerged from stealth mode along with an-nouncing the funding. The company's service allows companies to deter-mine if software problems come from cloud providers, the enterprise environment or the Internet. "Perfor-mance 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-Found-er & 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 ser-vice providers' data centers and the public Internet. Ex-isting 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 organiza-tion. 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, Equi-nix, Evernote, Priceline, ServiceNow, Twitter, Zendesk and Zynga. Pindrop Security raises $11 Million from A16Z and Citi VenturesPindrop Security, a company that develops solutions for fraud prevention and call center authentication for banks and enterprise call centers received $11 million in an investment round. The Series A funding was led by Andreessen Horowitz and Citi Ventures, with participation from new investors Redpoint Vntures and Felicis Ventures, as well as Pinpoint's seed round lead Webb Investment Network.The company that had earlier raised $1 million in venture round of funding brings the company's total funding to $12 million till date. Andreessen Horowitz partner Scott Weiss, who was previously a director at Silver Tail Systems and an executive at Ironport, will join the company's board of directors."Pindrop's solutions are the first tool for financial institutions and enterprises to detect and stop the attacks accurately and consistently on the first call. This investment will allow us to meet the tremendous market demand we're experiencing," says Vijay Balasubramaniyan, Co-Founder & CEO, Pindrop Security.Pindrop is the result of PhD research by co-founders Balasubramaniyan and Paul Judge who spent their time at Georgia Tech investigating how easy it spoof a call's provenance. The three year old startup Pindrop Security has developed solutions to a specific class of attacks ­ phone fraud. The company uses proprietary acoustic fingerprinting technology to assist corporations and call centers in authenticating the caller on the other end of the line, and in turn limiting the chance of phone-based social engineering.The funding will allow Pindrop Security to meet strong customer demand with additional resources in engineering, operations, sales and marketing in the U.S., Canada and Europe.ThousandEyes raises $5.5 Million from Sequoia CapitalVijay BalasubramaniyanMohit Lad
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