Catchpoint Systems, Inc., a NYC-based provider of web and infrastructure performance monitoring solutions, completed a $16m Series C funding.
The funding included $6m from Battery Ventures and a $10m line of credit from Silicon Valley Bank.
The company will use the funds to hire new people, invest in new products, and expand its global monitoring infrastructure.
Led by Mehdi Daoudi, CEO and co-founder, Catchpoint Systems provides companies with a solution to get access to real-time analytics to discover and resolve performance issues. The company Catchpoint has secured over 190 new customers since the start of 2014, including Comcast, LinkedIn, Hearst Corporation, Kate Spade New York, Orbitz, XO Group, Verizon Digital Media Services, Overstock, Priceline, and TripAdvisor.
Catchpoint also operate in Seattle, London, Bangalore and Boston.