Auvik Networks, a provider of network monitoring and management software for managed service providers, announced it has raised CAD$15 million in a Series B round of financing.
Boston-based OpenView Venture Partners led the new round of investment, with participation from existing investors Celtic House Venture Partners and Rho Canada Ventures. In conjunction with the funding, Ricky Pelletier, Partner at OpenView, joined Auvik Networks’ board
Based in Canada, Auvik provides remote monitoring and management (RMM) focused on network infrastructure, such as switches, routers, firewalls, and Wi-Fi controllers. The funding will fuel product development, partner success initiatives, and expansion into new markets.
Its cloud-based software gives MSPs unprecedented insight into their client networks and automates complex and time-consuming tasks so they can scale their managed services efficiently and profitably.