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Kentik Nabs $40 Million in Series C Funding Round

Kentik Nabs $40 Million in Series C Funding Round

Kentik Nabs $40 Million in Series C Funding RoundKentik recently announced it closed a $40 million Series C funding round led by existing investor, Third Point Ventures. Investors from prior rounds, including August Capital, Tahoma Ventures, DCVC, Engineering Capital, and Vistara Growth were all joined by new investors. These new investors include Golub Capital, Gaingels, and Delta-v Capital to complete this round. To date, the network observability provider has raised $102 million in total financing.

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Kentik provides full network visibility through its network monitoring and AIOps capabilities. The solution combines a NetFlow network monitoring with tools for ingesting data like VPC Flow Logs, business context, and application context. Kentik’s machine-learning-driven solution advises on network and security performance, troubleshooting, planning, and cost management as well. Kentik provides visibility and insights wherever your traffic flows, including networks, applications, the Internet, and the cloud — all in real-time on one screen.

This funding round comes on the heels of multiple milestones for Kentik:

  • Fast adoption of new products, Kentik Synthetics and Kentik Cloud;
  • Key partnerships, including with New Relic and Cloudflare; and
  • The launch of Kentik Labs, the company’s new open-source initiative.

In a media statement, Avi Freedman, Co-founder and CEO of Kentik, said, “Kentik provides the only platform to unify full-stack observability for network infrastructure, application, and business operations teams. Tech economy leaders like Box, Dropbox, Zoom, and hundreds more use Kentik to diagnose and prevent performance issues, optimize across infrastructure, and drive massive growth and customer satisfaction. This financing will help us accelerate investments in our platform as well as partner with other observability leaders to end the era of fragmented monitoring.”

Lorenzo Thione, Managing Director of Gaingels, also added, “we look for exceptional companies with committed teams who are making the world better with more than just their product offerings. As the largest investor network focused on supporting companies that value and embrace diverse leadership, we’re proud to invest in Kentik’s growth, and we are committed to helping as they scale and strengthen the company and continue to build a culture that reflects the diversity of its teams, customers, partners, and the market.”

To learn more about Kentik, click here.

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