ThousandEyes, a San Francisco, CA-based provider of a network performance management platform, closed a $20m Series B funding round.
The round was led by Sutter Hill Ventures with participation from Salesforce Ventures, existing investor Sequoia Capital and Silicon Valley angels. In conjunction with the funding, Stefan Dyckerhoff, Managing Director, Sutter Hill Ventures, joined ThousandEyes’ board.
The company intends to use the funds to continue customer adoption by accelerating product innovation, expanding presence in North America and Europe and launching a free version of the ThousandEyes product.
Founded by CEO Mohit Lad and emerged from stealth in 2013, ThousandEyes provides ThousandEyes provides network performance management for dynamic and complex networks. It simplifies how organizations monitor, troubleshoot and analyze the delivery of any application or service by enabling them to gain insight into network performance across internal, cloud-based and mobile infrastructures.
Customers include Equinix, Flextronics, ServiceNow and Twitter, as well as four top banks, eBay and other members of the Fortune 500.