Kentik Technologies closes Series B funding round

Kentik Technologies has raised USD23 million in a Series B funding round led by Third Point Ventures, with participation by existing investors August Capital, Data Collective (DCVC), First Round Capital, and Engineering Capital, and new investors Glynn Capital and David Ulevitch, the company said.

The company said the new investment will enable it to meet strong demand for its big data-based network traffic and performance visibility solutions. Kentik said it plans to use the additional capital to increase headcount in the next year to accelerate product capabilities and expand market reach.

Kentik ingests network data at Internet scale — hundreds of billions of records per day — in real-time, and allows users to run multi-dimensional queries and receive visualizations in a few seconds. This allows Kentik to support key network visibility use cases at greater scale and detail than previously possible.

Kentik is a network traffic intelligence company that provides a cloud-based network visibility and analytics solution that equips service providers and enterprises network operations teams with actionable insights.