Switzerland-based IT analytics provider Nexthink raised $14.5m yesterday in a series D round that included participation from trading and services firm Mannai Corporation.
The round was led by venture firm Auriga Partners and also featured VI Partners and new investor Gilles Queuru.
The company spun out of university École Polytechnique Fédérale de Lausanne in Switzerland in 2004 and has since raised $29m. It will use the series D funding to accelerate its international growth, and to invest in the further development of its analytics software, which assesses IT service quality, security and risk.
Mannai first invesred in Nexthink as part of its $5.5m 2012 series C round in 2012.
Pedro Bados, chief executive and co-founder of Nexthink, said: “Over the last two years we have more than doubled our customer base. This momentum is evidence that, in the age of the customer, end-user analytics are an essential business technology.
“With a pipeline of new technology innovations, we believe Nexthink will provide the best platform in this new category for many years to come.”