Kentik Raises $23.5 Million in Growth Funding
With Network Traffic Surging and New Visibility Gaps, Kentik Is “the Right Company at Exactly the Right Time”
Kentik, provider of the leading network intelligence platform trusted by digital enterprises and service providers, announced $23.5 million in growth funding led by Vistara Capital Partners. Existing investors August Capital, Third Point Ventures, DCVC, and Tahoma Ventures also participated in the round, which combines equity and growth debt. To date, Kentik has raised $61.7 million in total funding.
“Kentik is the right company at exactly the right time. The company already keeps industry-leading enterprises and the largest service providers across the globe operating with the fastest network intelligence and business insights for the most optimal digital experiences,” said Randy Garg, Founder and Managing Partner of Vistara Capital Partners. “Our investment in Kentik demonstrates our confidence in the company as a market leader with a position for the next phase of growth, bringing new products to even more markets.”
Always-on networks are essential, now more than ever, and Kentik is the solution businesses trust to keep the digital world connected. Leading SaaS companies that fuel the new normals of remote work and increased internet presence depend on Kentik as the only solution to close the network visibility gap and unlock real-time network intelligence. Companies like IBM (NYSE: IBM), Zoom (NASDAQ: ZM), Dropbox (NASDAQ: DBX), eBay (NASDAQ: EBAY), Cisco (NASDAQ: CSCO), and GoDaddy (NYSE: GDDY) turn to the Kentik Network Intelligence Platform for instant analytics and insights across cloud and hybrid environments to make informed network and business decisions.
“At Dropbox, our customers depend on us to keep the global workforce connected, and we’ve built a robust infrastructure to ensure the reliability of our services and support,” said Dzmitry Markovich, Senior Director of Engineering at Dropbox. “As a great partner with a strong roadmap, Kentik provides the real-time visibility, traffic management, and network intelligence we need to deliver a great experience for our customers.”
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“Over the past few months, many of our customers have experienced a 200% to 500% increase in traffic growth on their networks. With recent traffic growth, we now have real-time visibility into over 1 trillion traffic measurements per day across billions of users, and see every network connected to the internet, and every cloud and SaaS provider,” said Avi Freedman, co-founder and CEO of Kentik. “The Kentik platform was built to scale and provide real-time network intelligence, even in unprecedented times, to close visibility gaps and enable businesses to remain always-on.”
“With a tremendous customer base, an essential platform, a roadmap that includes new products, and solid investor backing, Kentik is well-positioned for growth,” added Freedman.
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