cPacket Networks, a Milpitas, CA-based provider of an intelligent observability platform, raised $67M in Debt and Equity funding.
The round saw participation from by Morgan Stanley Expansion Capital and Trinity Capital Inc. (Nasdaq: TRIN) (“Trinity”).
The company intends to use the funds to accelerate product development, including 400Gbps Observability nodes, expanding its Cloud and hybrid footprint and introducing innovative use of AI/ML to drive insights from customers packet data.
Led by CEO Brendan O’Flaherty, cPacket Networks empowers hybrid-cloud observability through its intelligent observability platform. It reduces service outages through network-centric application analysis, strengthens cyber security through high-resolution network data for threat detection, and accelerates incident response through network forensic analysis. The result is increased service agility, experience assurance, and transactional velocity for the business.
Commenting on the news, Brendan O’Flaherty said: “We are delighted to have the support and endorsement of Morgan Stanley Expansion Capital and Trinity Capital. We will strategically utilize their funding to drive market expansion and talent acquisition, as we accelerate delivery of our ground-breaking network observability solutions for our clients across financial services, healthcare, high-tech and government sectors.”
FinSMEs
14/02/2024