ThousandEyes operates a cloud platform that delivers visibility into digital experience for applications, services and end users across the Internet and major cloud providers via a global network of vantage points. The company follows a rapid release cadence (roughly every two weeks) and has expanded Network Intelligence coverage for multi-cloud environments, additional US broadband ISPs, dozens of new global vantage points and increased IPv6 coverage. ThousandEyes reported significant revenue growth in fiscal 2019 and counts major customers including 20 of the top 25 SaaS companies, six of the top seven U.S. banks, four of the top five UK banks, more than 65 of the Fortune 500 and over 120 Global 2000 companies. Headcount grew by about 25% in FY19 to more than 250 employees, and the company opened operations in Ireland, Australia, Germany and the Netherlands while maintaining offices in San Francisco, London, Austin, New York and Tokyo. The business plans to use new capital to accelerate go-to-market activities, expand global operations and continue investing in digital experience innovations to drive customer success. ThousandEyes is a network intelligence platform that delivers visibility into every network in use at organizations. Led by CEO and co-founder Mohit Lad, the platform helps customers optimize application delivery, improve end-user experience and guide infrastructure investments. It is used across technology, financial services, media, manufacturing and healthcare verticals, with customers including Equinix, ServiceNow, Twitter, eBay and Avera Health. The company plans to use new funding to expand operations in North America and worldwide, deliver a pipeline of network intelligence innovations and continue to invest in customer success. Financially, ThousandEyes closed a $35M Series C and has raised more than $60M to date. The company is based in San Francisco, CA. ThousandEyes offers network performance management that provides detailed visibility and forensics across internal, cloud-based and mobile infrastructures. The company launched from stealth in 2013 and has seen rapid customer adoption among enterprises including Equinix, Flextronics, ServiceNow, Twitter, eBay and several large global banks. ThousandEyes’ product is positioned to help organizations monitor, troubleshoot and analyze delivery of applications and services across increasingly virtualized and cloud-based networks. The company plans to accelerate product innovation, expand its presence in North America and Europe, and introduce a free version of its product. ThousandEyes has received industry recognition such as Gartner’s 'Cool Vendor' designation and a Network Innovation Award from TechTarget. The company is headquartered in San Francisco, CA and is backed by Sequoia Capital and Salesforce Ventures. ThousandEyes launched a service that pinpoints where application delivery problems occur between enterprises, SaaS providers and the public Internet. The product analyzes routing by correlating Border Gateway Protocol (BGP) data with application performance to identify packet loss, high latency, bandwidth constraints and other issues. A dashboard lets SaaS and enterprise customers communicate about problems and required actions; enterprises can deploy private agents to see internal paths all the way to cloud providers. SaaS providers can log in and run tests from different locations to observe app behavior across public infrastructure. Customers include members of the Fortune 500 as well as Evernote, Priceline, ServiceNow, Twitter, Zendesk and Zynga. The company recently raised $5.5M from Sequoia Capital and angel investors; the service does not track mobile apps and only covers traffic between office locations and specific SaaS operation points.

Total raised

$111M

Funding rounds

4

Latest round

Series D

Latest activity

Feb 2019