Netuitive, a Reston, VA-based provider of an IT analytics platform, secured an additional $6.5m in equity financing.
This round was led by MK Capital and Rembrandt Venture Partners, with participation from Cross Creek Advisors and Columbia Capital. In conjunction with the funding, Doug Schrier, a General Partner at Rembrandt Venture Partners, joined Netuitive’s Board of Directors.
The company intends to use the funds to accelerate the market delivery of its latest product release.
Led by Bob Farzami, CEO, Netuitive provides cloud and on-premise software that allows users to visualize, isolate, and proactively address IT performance issues across a varitery of data sources before they impact the business.
Clients include eight of the 10 largest banks, large Telcos and major eCommerce companies.
The initial focus of the cloud offering will be businesses hosted on Amazon Web Services (AWS) but the company is also expanding its portfolio of self-service integrations to include open source monitoring tools used by the DevOps community such as CollectD, Diamond, and Graphite. It also offers a cloud-based REST API for ingesting custom data.