Network traffic intelligence startup Kentik announced this morning that they’ve secured $23 million in Series B funding led by Third Point Ventures with participation by existing investors. Kentik is unique in that offers a purpose-built Big Data engine that turns large volumes of network data into digestible insights for enterprise organizations. According to the company, “Teams equipped with Kentik’s unconstrained traffic and performance analysis achieve operational excellence and unleash innovation.” The new investment will enable Kentik to meet demand for its Big Data network traffic analytics and performance visibility tools, and the company plans to use the money to increase headcount and accelerate product capabilities in the years ahead.
Kentik’s platform ingests data at internet scale, which can be up to hundreds of billions of records per day, in real-time, and allows users to run multi-dimensional queries and receive visualizations in seconds. This allows Kentik to support key network visibility use cases at greater scale and detail than previously possible.
Founded in 2014, Kentik has earned their fair share of recognition in the enterprise IT industry, most recently being named a Cool Vendor in Availability and Performance by technology research giant Gartner, Inc. Kentik has welcomed more than 60 customers during this time period, including some of the world’s largest web enterprises such as Box, Yelp, Pandora, OpenSNS and Instart Logic. In addition, Kentik attained entry to new markets as one of five global startups chosen by the innovation arms of service provider giants Deutsche Telekom, Orange, Singtel and Telefonica through their Go Ignite alliance.
Avi Freedman, CEO at Kentik, concludes: “We founded this company because we believe in the value of data to make businesses run smarter, faster, and with more innovation. We’ve been extremely gratified to see customers respond so positively to our vision and solution for network analytics. This latest round of funding validates the traction we’ve achieved with our approach to the market, and will help us continue to revolutionize what network traffic intelligence means for numerous use cases across network operations, engineering, and security.”
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