Kentik Raises $40 Million Series C

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Kentik&comma; which helps companies monitor their networks&comma; has closed a &dollar;40 million Series C funding round led by existing investor Third Point Ventures&period; Investors from prior rounds – August Capital&comma; Tahoma Ventures&comma; DCVC&comma; Engineering Capital and Vistara Growth – were joined by new investors Golub Capital&comma; Gaingels and Delta-v Capital to complete this round&period; Kentik has now raised &dollar;102 million in total financing&period;<&sol;p>&NewLine;<p>With the explosion of digital business&comma; the API economy and consumer expectations for instantaneous service&comma; applications rely more than ever on network health and performance&period; At the same time&comma; those networks are increasingly diverse and no longer managed by one group&period; When there&&num;8217&semi;s a service outage or degradation&comma; teams scramble to siloed monitoring tools to understand whether the root cause is a code flaw&comma; cloud infrastructure misconfiguration&comma; network congestion or any number of issues within or outside of their control&period; And every second of delay directly affects the customer experience and revenue&period;<&sol;p>&NewLine;<p>Kentik is the only platform to unify full-stack observability&period; Clients include IBM&comma; Box and Zoom&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Kentik provides the only platform to unify full-stack observability for network&comma; infrastructure&comma; application and business operations teams&period; Tech economy leaders like Box&comma; Dropbox&comma; Zoom and hundreds more use Kentik to diagnose and prevent performance issues&comma; optimize across infrastructure&comma; and drive massive growth and customer satisfaction&comma;&&num;8221&semi; said Avi Freedman&comma; Co-founder and CEO of Kentik&period; &&num;8220&semi;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&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Kentik&&num;8217&semi;s base business continues to grow fast&comma; with great retention and upsell&comma; and its new products are opening up massive new TAM&comma;&&num;8221&semi; said Robert Schwartz&comma; Managing Partner of Third Point Ventures&period; &&num;8220&semi;With strong financial results and excellent growth economics&comma; we&&num;8217&semi;re excited to double down on our commitment to Kentik&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;We look for exceptional companies with committed teams who are making the world better with more than just their product offerings&comma;&&num;8221&semi; said Lorenzo Thione&comma; Managing Director of Gaingels&period; &&num;8220&semi;As the largest investor network focused on supporting companies that value and embrace diverse leadership&comma; we&&num;8217&semi;re proud to invest in Kentik&&num;8217&semi;s growth&comma; 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&comma; customers&comma; partners and the market&period;&&num;8221&semi;<&sol;p>&NewLine;