Network traffic intelligence startup, Kentik Technologies announced that it has raised $23 million in a Series B funding round led by Third Point Ventures, with participation by existing investors.
Kentik's SaaS-based network traffic analysis platform launched a year ago has gained over 60 customers, including some of the world’s largest web enterprises such as Box, Yelp, Pandora, Shopify, Dailymotion, Neustar, OpenDNS and Instart Logic, claims Kentik.
Kentik said that the new investment will enable it to meet strong demand for its big data-based network traffic and performance visibility solutions. Kentik plans to use the additional capital to increase headcount in the next year to accelerate product capabilities and expand market reach.
Kentik added that it attained entry to new markets as one of five global startups chosen by the innovation arms of service provider giants Deutsche Telekom, Orange, Singtel and Telefonica through their Go Ignite alliance.