ThousandEyes pulls in more funding

ThousandEyes has raised $50 million in a Series D round led by GV (formerly Google Ventures), bringing its total funding to more than $110 million.

Thomvest Ventures joined the round as a new investor alongside existing backers Salesforce Ventures, Sequoia Capital, Sutter Hill Ventures and Tenaya Capital. The company, which works like Google Maps to monitor internet traffic, helping the likes of eBay to detect and analyse outages, will use the cash for global expansion and product development.

“ThousandEyes is seeing remarkable traction with Fortune 500 customers and this sustained growth is a testament to the scope of the network visibility problems they continue to solve,” says Dave Munichiello, General Partner at GV. 

“As enterprises increasingly rely on applications and services in the cloud, their CIOs and CTOs are losing visibility and control of the networks and outages impacting end-user digital experiences. ThousandEyes delivers mission-critical visibility into every network an enterprise relies on, and ultimately has an objective view of enterprise services, clouds, and their performance that is unparalleled in the technology ecosystem.”

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