Auvik Networks, a Waterloo, ON, Canada-based network management software company, raised CAD$20m in Series C financing.
The round was led by existing investor OpenView, with participation from return investors Celtic House Venture Partners and Rho Canada Ventures.
The company intends to use the funds to accelerate its growth efforts.
Led by Marc Morin, CEO, Auvik provides cloud-based software that gives managed service providers (MSPs) insight into client networks (network infrastructure like switches, routers, and firewalls) and automates tasks. In the past year, the network management software company has more than doubled its partner base and employee headcount.