SevOne provides digital infrastructure management solutions built on its patented SevOne Cluster architecture, which aggregates massive amounts of data to deliver real-time insights. The company serves large datacenter and network operators, carriers, and enterprises and cites penetration among top customers (40% of top technology companies, 50% of top fixed and mobile broadband carriers, and 60% of top investment services firms). SevOne recently raised $50 million in a Series C financing to accelerate growth into new technologies and markets. The company said it will invest in new technologies and markets and is constructing a 48,000 square-foot research and development center on the University of Delaware STAR Campus, opening in October. SevOne has offices in Boston, Philadelphia, London, and Bulgaria and was named a Visionary in Gartner's 2015 Magic Quadrant for Network Performance Monitoring and Diagnostics. SevOne provides real-time infrastructure and performance management using a peer-to-peer networking architecture and big-data clusters, delivered as a hardware or virtual appliance. Its P2P system uses a single common code base and image so distributed appliances are aware of each other and can monitor millions of elements across networking technologies via a web interface. SevOne charges $5 per monitored element and counts customers including Comcast and Thomson Reuters; it was ranked 75th fastest-growing company in North America on Deloitte’s 2012 Technology Fast 500. The company currently has about 140 employees and plans to scale to several hundred by the end of the year, hiring salespeople and developers to reach the mid-market. To expand beyond very large enterprise customers into mid-sized enterprises, SevOne intends to build a deeper inside-sales organization and make the product easier to consume. It raised $150 million from Bain Capital to scale its IT management offering and pursue an initial public offering.

Total raised

$200M

Funding rounds

2

Latest round

Series C

Latest activity

Sep 2015