Today at Structure 2013, ThousandEyes, who provides IT performance management for the cloud era, announced that it has partnered with Sequoia Capital and raised $5.5 million in Series A funding from Sequoia and prominent Silicon Valley angel investors The company plans to use the funding to further accelerate its roadmap and growth.
"Enterprises adopting cloud applications are now reliant on networks outside their environment which they have no visibility into, making it extremely hard for IT teams to understand what is causing service degradations," said Mohit Lad, co-founder and CEO of ThousandEyes. "We have developed unique technology that addresses gaps with legacy tools and are excited to officially launch today and enter into the next phase of our company's growth."
ThousandEyes emerged from stealth today and launched a new product that, for the first time, provides detailed visibility into the performance of cloud applications and helps IT teams resolve problems quickly. ThousandEyes customers include members of the Fortune 500, Equinix, Evernote, Priceline, Twitter, Zendesk and Zynga. To read the press release, visit ThousandEyes Emerges From Stealth, Launches Performance Management for the Cloud Era.
"Cloud services are fundamentally altering enterprise IT and the next wave of adoption is creating new opportunities for innovation," said Luis Robles, a partner at Sequoia Capital and a member of ThousandEyes' board. "We were captivated by the domain expertise of the founding team, impressed by the quality of customers that have quickly integrated the product into their daily operations, and are excited to partner with the company."
To read Mohit's blog on today's news, go to https://blog.thousandeyes.com/thousandeyes-launch.
ThousandEyes, the Internet and Cloud Intelligence company, delivers the only collectively powered view of the Internet enabling enterprises and service providers to work together to improve the quality of every digital experience. The ThousandEyes platform leverages data collected from an unmatched fleet of vantage points throughout the global Internet, from within data centers and VPCs and on end user devices to expose key dependencies that impact digital service delivery, empowering businesses to see, understand and improve how their customers and employees experience any digital website, application or service. ThousandEyes is central to the global operations of the world's largest and fastest growing brands, including 160+ of the Global 2000, 85+ of the Fortune 500, 6 of the 7 top US banks, and 20 of the 25 top SaaS companies. For more information, visit www.ThousandEyes.com or follow us on Twitter at @ThousandEyes.
About Sequoia Capital
Sequoia Capital helps founders turn imaginative ideas into enduring companies. As the "Entrepreneurs Behind the Entrepreneurs", the Sequoia team has worked closely with legendary founders such as Steve Jobs of Apple, Larry Ellison of Oracle, Len Bosack and Sandy Lerner of Cisco, David Filo and Jerry Yang of Yahoo!, Max Levchin, Elon Musk and Peter Thiel of PayPal, Sergey Brin and Larry Page of Google, Steve Chen and Chad Hurley of YouTube, and Reid Hoffman and Jeff Weiner of LinkedIn. Sequoia is now helping the next generation of innovators build the lasting companies of tomorrow.