Auvik Receives US$250M Investment From Great Hill Partners

Auvik, a Waterloo, Ontario, Canada and Boston, MA-based provider of cloud-based network management software, secured a US$250m investment from Great Hill Partners.

The company intends to use the funds for product development, segment expansion, geographic reach, and other strategic growth initiatives.

Founded by Marc Morin, Alex Hoff, and David Yach, Auvik provides a cloud-based network management platform enabling visibility and automation IT professionals need to focus on the work.

Today, the company’s software helps IT teams manage more than four million devices on over 50,000 networks.