Total amount raised
$101.7 Millions
Latest funding date
10/01/2021
Location
Kentik has successfully raised funds through multiple rounds, with the last funding round being a Series C round closed on October 7, 2021. The company has 17 investors backing it, including notable names like August Capital and Delta-v Capital.
Keep reading to explore the intricacies of Kentik's fundraising journey and the investors backing this innovative platform.
What Is Kentik?
Kentik, founded in 2014, is a network management platform based in San Francisco, California. The company specializes in providing visibility, performance, and security services to digital enterprises.
The founders of Kentik include Avi Freedman, Dan Ellis, Ian Applegate, Ian Pye, and Justin Biegel. Their platform offers network observability with infinite granularity, AI-driven insights, and fast search capabilities.
With a team of 101-250 employees, Kentik continues to innovate in the field of network intelligence, helping professionals plan, run, and fix any network efficiently.
How Much Funding Has Kentik Raised?
- Seed Round
- Amount Raised: $3.1M
- Date: September 2014
- Lead Investors: First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their network management platform and bring it to market.
- Series A
- Amount Raised: $12.1M
- Date: June 2015
- Lead Investors: August Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team to support growing customer demand.
- Series B
- Amount Raised: $23M
- Date: August 2016
- Lead Investors: Third Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and expand market reach.
- Venture Round
- Amount Raised: $23.5M
- Date: May 2020
- Lead Investors: Vistara Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new technologies.
- Series C
- Amount Raised: $40M
- Date: October 2021
- Lead Investors: Third Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve product functionality, increase the sales force, and develop a network of partnerships.
Total Amount Raised: $101.7M. Current Valuation: Not publicly disclosed.
Key Investors
- Third Point Ventures
- Details: Third Point Ventures is the venture capital arm of Third Point LLC, a New York-based investment firm founded by Daniel S. Loeb. They focus on investing in technology companies at various stages of growth.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: SentinelOne, Upstart, Zymergen
- Vistara Growth
- Details: Vistara Growth is a Canadian growth equity firm that provides flexible growth capital to technology companies. They focus on helping companies scale and achieve their growth objectives.
- Investment Focus Areas: Technology, Software, Healthcare
- Notable Investments: Clio, Thinkific, Dejero
- August Capital
- Details: August Capital is a venture capital firm that invests in early-stage technology companies. They have a history of backing innovative companies in the technology sector.
- Investment Focus Areas: Software, IT Infrastructure, Consumer Internet
- Notable Investments: Splunk, Aardvark, Seagate Technology
- First Round Capital
- Details: First Round Capital is a seed-stage venture capital firm that focuses on providing early-stage funding to technology companies. They are known for their hands-on approach and extensive network.
- Investment Focus Areas: Technology, Consumer Internet, Enterprise Software
- Notable Investments: Uber, Square, Warby Parker
- DCVC (Data Collective)
- Details: DCVC is a venture capital firm that invests in deep tech companies, focusing on areas such as artificial intelligence, machine learning, and big data. The firm aims to fund companies that leverage data science to solve complex problems.
- Investment Focus Areas: Artificial Intelligence, Machine Learning, Big Data
- Notable Investments: Planet Labs, Zymergen, Pivot Bio
What's Next for Kentik?
With $40 million in new funding, Kentik is poised to enhance its product functionality, expand its sales force, and develop a network of partnerships. The growing importance of network performance monitoring, highlighted by recent industry trends, presents a significant opportunity for Kentik to capitalize on the increasing demand for their services.
Future fundraising opportunities seem promising, given the successful Series C round and the company's growth trajectory. However, Kentik may face challenges such as competition from other network-monitoring firms and the need to maintain service quality while scaling operations. Despite these hurdles, the company is well-positioned to continue its upward trajectory in the network observability space.
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