Kentik raises $23.5M funding to provide real-time visibility and network intelligence to enterprises
Kentik, a San Francisco-based tech startup and a provider of real-time visibility, traffic management, and network intelligence to leading enterprises like Zoom, Dropbox, and eBay, today announced it has raised $23.5 million in growth funding to accelerate growth and expand its business operations. The round, which brings the company’s total funding raised $61.7 million, was 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.
Founded in 2014 by Avi Freedman, Dan Ellis, Ian Applegate, Ian Pye, and Justin Biegel, Kentik is the only SaaS-based network traffic intelligence company that turns network traffic – billions of digital footprints – into real-time intelligence for both business and technical operations. Kentik’s platform is used by network operators, engineers, and security teams to manage and optimize the performance, security, and potential of their networks and their business.
“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 to deliver 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 and its positioning 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. Kentik’s clients included some of the Fortune 500 companies like IBM, Zoom, Dropbox, eBay (NASDAQ: EBAY), Cisco, GoDaddy, and many more.
“Kentik provides the real-time visibility, traffic management, and network intelligence we need to deliver a great experience for our customers.”
– Dzmitry Markovich, Senior Director of Engineering at Dropbox
“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.”
“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.