ExtraHop Networks, a Seattle, WA-based provider of network-based application performance management (APM) solutions, has secured $14m in series B financing.
The round was led by Meritech Capital Partners, with participation from Madrona Venture Group, as well as other private investors.
The company intends to use the new funding to expand its position in the market.
Founded in early 2007 by Raja Mukerji and CEO Jesse Rothstein, ExtraHop Networks offers an Application Delivery Assurance system, a passive network appliance built to ensure that business-critical transactions do not fail. The company’s solutions are designed to provide real-time analysis of applications to improve customer experience and quality of service while reducing IT costs.