Auvik is a cloud-based network management software company founded in 2011 and based in Waterloo, Ontario. Its software provides the visibility and automation IT professionals need to simplify complex network management and let teams focus on higher-value work. Auvik’s platform helps IT teams manage more than four million devices on over 50,000 networks. The company says it boosts IT team efficiency and capacity while protecting businesses from network risk. Auvik has been recognized in the FT Americas’ Fastest Growing Companies and is a winner of the Deloitte Technology Fast 50 and Deloitte Technology Fast 500 awards. The company plans continued product development, segment expansion, and geographic growth as part of its strategic initiatives. Auvik Networks is a Waterloo, ON, Canada-based company that provides cloud-based software giving managed service providers (MSPs) insight into client network infrastructure and automates tasks. The platform addresses network infrastructure such as switches, routers and firewalls and automates routine network-management work. Led by CEO Marc Morin, the company has more than doubled its partner base and employee headcount in the past year. Auvik raised CAD$20m in a Series C financing to support its growth. The company intends to use the funds to accelerate its growth efforts. The capital raise is positioned to fuel continued expansion of its MSP partner footprint and team. Auvik Networks provides cloud-based remote monitoring and management (RMM) software focused on network infrastructure for managed service providers. Its platform delivers visibility, documentation and monitoring for switches, routers, firewalls and Wi-Fi controllers and automates time-consuming network tasks. Led by CEO Marc Morin, the company targets MSPs that need centralized network management and documentation. Auvik plans to use the funds to accelerate product development, expand partner success initiatives and enter new markets. The company is expanding its team across sales, marketing and engineering and currently has open positions. Auvik is headquartered in Waterloo, Ontario. Auvik Networks is developing a cloud-based platform that lets enterprises manage IP networks composed of hardware from multiple vendors. The product uses an API-style approach around the OpenFlow open standard to simplify configuration and control of routers, switches and user access. Auvik aims to support all major hardware and make network configuration usable by non-engineering IT staff at medium-sized companies. It plans three pricing tiers—See, Tell and Do—ranging from free to about $12 per device per month. The company had not released a commercial product at the time of the article; a launch was planned for the beginning of 2014. Financially, Auvik closed its first outside funding round for $6 million, with additional contributions from its founders who had been self-funding development.

Total raised

$283M

Funding rounds

4

Latest round

Equity

Latest activity

Jul 2021