VMblog’s Expert Interviews: Kentik Talks Funding, SaaS & Big Data Network VisibilityAugust 4, 2016
Since launching its ground-breaking SaaS-based network traffic analysis platform a year ago, Kentik has been making nice progress in the industry. The company provides Kentik Detect, a cloud-based network visibility and analytics solution that delivers unprecedented depth of insight into any network. Kentik processes tens of billions of data records per day, equipping service providers and enterprises network operations teams with actionable insights that enable them to make quick, cost-effective decisions.
The company just announced a Series B round of funding — a nice sum of $23 million. To dig in a little deeper into that funding news and to find out what they have planned going forward, I spoke with Kentik’s co-founder and CEO, Avi Freedman.
VMblog: So, tell me a little about Kentik and your exciting news that was just announced.
Avi Freedman: Kentik Technologies is a network traffic intelligence company that offers a big data-based, SaaS solution. Today we announced that we’ve raised $23 million in a Series B funding round led by Third Point Ventures, with participation by existing investors August Capital, Data Collective (DCVC), First Round Capital, and Engineering Capital, and new investors Glynn Capital and David Ulevitch.
VMblog: What are you planning to do with the funds?
Freedman: The new investment will enable us to meet strong demand for our big data-based network traffic and performance visibility solutions. We plan to use the additional capital to increase headcount in the next year to accelerate product capabilities and expand market reach.