US-based computer network management company ThousandEyes closed a $35m series C round yesterday backed by GV, the corporate venturing division of diversified conglomerate Alphabet.
The round was led Tenaya Capital and also featured fellow venture capital firms Sequoia Capital and Sutter Hill Ventures.
Founded in 2009, ThousandEyes’ software enables administrators to monitor their computer networks and provides them with an insight into actiivty across internal and external parts.
The series C round will support long-term growth, including an expansion across North America and internationally, and the development of the company’s product pipeline.
Cloud computing company Salesforce.com participated in ThousandEyes’ $20m series B round in 2014 through its Salesforce Ventures unit. Sutter Hill led that round, while Sequoia Capital and assorted angel investors also took part.
Sequoia and assorted angel investors supplied $5.5m in series A funding in 2013.
Dave Munichiello, general partner at GV, said: “ThousandEyes empowers chief information officers by giving them unprecedented visibility into the availability of software-as-a-service services that their customers use daily.
“The company’s traction with large enterprises continues to skyrocket, bringing ThousandEyes’ vision of next-generation network intelligence and monitoring to major corporations around the globe.”