HeadSpin, a Palo Alto, Calif.-based company that ensures connected experiences enabled by web, mobile, IoT and 5G, raised $60m in Series C funding.
The round – brings the total amount raised since inception to $117m and valuation to $1.16 billion – was led by Dell Technologies Capital and ICONIQ Capital with participation from institutional investors Tiger Global Management, Kearny Jackson, and Alpha Square Group, and angel investors LinkedIn’s Jeff Weiner, We’s Shiva Rajaraman, Calm’s Alex Will, Notion’s Akshay Kothari, Bumble’s Derek Callow, Caviar’s Gokul Rajaram, Uber’s Manik Gupta, Stripe’s Amber Feng, Facebook’s Kevin Weil and Andrea Moore, OpenDoor’s Sheila Tran, AngelList’s Sunil Pai, Supercast’s Jason Sew Hoy, mParticle’s Michael Katz, SVB’s Cheryl Sew Hoy, Airbase’s Thejo Kote, Spotify’s John Bonten, Twitter’s Lisa Kleinsorge, and Pinterest’s Ali Altaf.
The company will use the funding to develop new product offerings, expand into new market segments, and deepen position within cloud ecosystems.
Led by Manish Lachwani, CoFounder and CEO, HeadSpin provides a connection intelligence platform that provides Web, Mobile, IoT, and 5G solutions to unify testing, monitoring, and analytics across applications, devices, and networks. The system empowers development, QA, operations, and product teams to optimize connected experiences and ensure digital business success. Since launching in 2015, the company has doubled its annual revenue year-over-year, serving over 1,000 enterprise customers and telco operators. Enterprise customers include Microsoft, Tik Tok, Bandai Namco Studios, Yahoo!, Uber, DeNA, AirBnB, Kohls, ByteDance, BYJUs, Optus, Australian Post, Telefonica, and Walmart. As part of their international expansion,
HeadSpin, which recently opened regional offices in London, Tel Aviv, Berlin, and Cape Town, also announced that Nikesh Arora, Chairman CEO of Palo Alto Networks, has joined the company Board of Directors as Chairman of the Board. Arora is the former Chief Business Officer at Google who most recently served as President and COO of SoftBank prior to joining Palo Alto Networks.