SAN FRANCISCO –ThousandEyes, the company that provides actionable intelligence into digital experience for the cloud, Internet, and enterprises, has raised $50 million in a Series D round of funding led by GV (formerly Google Ventures), bringing ThousandEyes’ total funding to more than $110 million.
Thomvest Ventures also joined the round as a new investor alongside existing investors Salesforce Ventures, Sequoia Capital, Sutter Hill Ventures and Tenaya Capital. The company will use the funds to accelerate go-to-market activities and expansion of global operations.
“ThousandEyes is seeing remarkable traction with Fortune 500 customers and this sustained growth is a testament to the scope of the network visibility problems they continue to solve,” said Dave Munichiello, General Partner at GV. “As enterprises increasingly rely on applications and services in the cloud, their CIOs and CTOs are losing visibility and control of the networks and outages impacting end-user digital experiences. ThousandEyes delivers mission-critical visibility into every network an enterprise relies on, and ultimately has an objective view of enterprise services, clouds, and their performance that is unparalleled in the technology ecosystem.”
As applications, services and workloads have moved off-premises and into the cloud at a staggering rate, IT teams are often ill-equipped to manage the digital experience of their customers and employees as they no longer own or operate the entire service delivery path. If there’s an attack on the cyber-supply chain, an Internet outage, or cloud provider issue, IT teams are blind to who and what is at fault, causing painfully lengthy delays in resolution, impacting revenue and brand perception. They lack the data, insights and visibility to make better cloud decisions and avoid service-impacting issues occurring in the first place. ThousandEyes empowers IT teams with actionable intelligence into the digital experience of customers and employees from the cloud and Internet to the end-user, putting control back into the hands of IT and the business.
ThousandEyes says it has 20 of the 25 top SaaS companies, six of the top seven U.S. banks, and four of the top five UK banks as customers, plus more than 65 of the Fortune 500 and over 120 Global 2000 companies.
“Over the last year, we have seen unprecedented growth as both domestic and international demand for digital experience intelligence continues to increase at an extraordinary pace,” said Mohit Lad, co-founder and CEO, ThousandEyes. “This new funding round will allow us to further invest in both product innovation and global expansion as we quickly find our solution becoming a non-negotiable piece of the modern operations stack that’s necessitated by the rapidly growing $206 billion cloud market.”