siliconindia | | June 20148Netskope Nets $35 Million in Series C FundingThousandEyes raises $5.5 Million from Sequoia Capital and Angel InvestorNetskope, the cloud app analytics and policy enforcement company, closed a $35 million Series C funding round led by Accel Partners. Existing investors Lightspeed Venture Partners and the Social+Capital Partnership also participated in this round. The funds will be used to accelerate research and development, sales, support and marketing efforts to meet growing market demand for its solutions that help CIOs enable cloud app usage in a smart and economical way. This latest investment brings Netskope's total funding to $56.4 million."As workers demand more effective tools to do their jobs, it is inevitable more cloud apps will be introduced to the enterprise without IT's knowledge," says Sanjay Beri, CEO & Founder, Netskope. "Our vision is to help CIOs tackle the accelerating shadow IT conundrum with detailed real-time insights on how every cloud app is being used and enabling them to enforce well-informed granular policies that encourage smart cloud app usage, rather than simply blocking or allowing certain apps. This announcement validates that our approach is working and positions us well to meet the demands of CIOs looking for a better way forward with shadow IT."This funding round comes on the heels of significant momentum for Netskope since its October 2013 launch. The company is now working with more than 100 companies from nearly every major industry, including healthcare, financial services, high tech and retail. San Francisco-based ThousandEyes raised $20 million in a new funding round, the company said in a regulatory filing. The startup makes software that monitors cloud-based applications, looking for issues such as lags.Led by Mohit Lad, CEO, ThousandEyes customers are both SaaS and enterprise companies. SaaS providers log into ThousandEyes and test from different locations to determine how the app is behaving across public infrastructure. The enterprise uses T housandEyes private agents to see what is happening internally with visibility all the way to the cloud provider. ThousandEyes focuses on the way network performance affects the way apps run. It can help admins figure out which specific segments of a network might responsible for lag. Companies that sell cloud-based software can use it and thereby ensure things are running well for their customers. ThousandEyes can also help spot issues that could affect employees who use cloud applications inside big companies. Administrators can set up dashboards to observe trends and alerts to find out about problems right away.ThousandEyes competes with network-performance management software from legacy vendors like IBM and BMC as well as startups like NetScout, SevOne, and VSS Monitoring. The company raised $5.5 million from Sequoia Capital and angel investors in June of last year. Its customers include Evernote, Jive Software, Dropbox, Zendesk and Zynga.Mohit LadSanjay Beri
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