Network Traffic Intelligence Startup Kentik Technologies Secures $23 Million in Series B Funding

Network Traffic Intelligence Startup Kentik Technologies Secures $23 Million in Series B Funding Image Credit: Kentik Technologies

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.

Avi Freedman, Kentik CEO
This latest round of funding validates the traction we’ve achieved with our approach to the market, and will help us continue to revolutionize what network traffic intelligence means for numerous use cases across network operations, engineering, and security.

Jim Duffy, senior networking analyst at 451 Research
The growth of Kentik’s customer base and progress in product capabilities since it launched service in mid-2015, combined with the infusion of new capital, bodes well for its ability to capitalize on new customer expectations around network monitoring.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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