On Raising Our $23M B Round
A Big Step Forward for Big Data Network Visibility
I am thrilled to announce today that Kentik has closed $23 million in Series B financing! This round was led by Third Point Ventures, added new investors Glyn Capital and David Ulevitch, and was supported by continued investment from our seed and A round investors: August Capital, Data Collective VC, First Round Capital, and Engineering Capital.
We started Kentik in 2014 to use network traffic insights to give operational, performance, and security intelligence to the people that make and use the Internet for their businesses, and we’ve seen strong growth and market adoption. In the last year, we’ve gone from a handful of early adopters to over 60 customers, many well known like Box, Yelp, OpenDNS, Dailymotion, and Pandora. Others we can’t mention, but are among the largest web enterprise and service providers in the world – and we have a number of smaller infrastructure provider and enterprise customers as well.
It’s been exciting to see the feedback loop of great engineering partnered with our customers. We’ve gone from first product to a sophisticated and robust analytics platform meeting real operational needs. In the last year we’ve released adaptive alerting, ground-breaking peering and transit traffic analytics, large-scale ad-hoc analytics with multi-dimensional views of the flow of traffic, and enabled 99% of these answers to be rendered across queries tunable in billions of combinations, in just a few seconds.
And – it’s helped that we’ve been able to align with premier investors. At Kentik, ethical hustle is one of our core values. Third Point showed deep founder-like hustle to build the relationship and win the deal – and the same kind of conviction and willingness to act on it as our earlier investors. Given their deep understanding of the kind of companies we’re helping, they were a perfect fit for us and our board of other technologists turned growth-experienced business folks.
Going forward, our vision remains the same – to unlock the value of network data so that our customers can innovate, helping them to achieve ever higher performance, user experience, efficiency, revenue and profitability. I’m grateful to our customers, partners, investors, and the Kentik team, and excited to see what the coming year will bring!