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Kentik, a network observability provider, today announced that it raised $40 million in a series C funding led by Third Point Ventures with participation from August Capital, Tahoma Ventures, DCVC, Engineering Capital, Vistara Growth, Golub Capital, Gaingels, and Delta-v Capital. The funds bring the company’s total funding to $102 million, which cofounder and CEO Avi Freedman stated will allow Kentik to make additional investments in its platform.
Managing and operating cloud apps is an increasingly complicated undertaking in the enterprise. In a current survey, VMWare identified that 86% of engineers think that apps are substantially more complicated than just 5 years ago, with 84% reporting working with hundreds to thousands of compute situations across a single organization. Despite this, only half of all corporations are implementing observability for their networks and systems, according to a report by New Relic — in element due to the fact of expense issues.
San Francisco, California-based Kentik, which was founded in 2014 by Freedman, Dan Ellis, Ian Applegate, Ian Pye, and Justin Biegel, analyzes network, cloud, host and container flow, and world wide web routing overall performance to produce summaries. It manages digital experiences based on actual visitors, testing latency-sensitive automation, media, gaming, and other apps as regularly as every single second.
“Kentik was founded by network and service operators and developers who spent much of their professional lives designing and running large-scale networks … Major web companies, enterprises, and service providers told our founders that the analytics available to cloud-scale companies were sadly lacking in the commercial market, particularly around internet visibility and modern and cloud-native architectures,” Freedman told VentureBeat by means of e-mail. “The team founded Kentik to create what they always wanted: a network observability solution that’s scalable, powerful, easy to use, and affordable.”
According to Gartner, observability is the evolution of monitoring into a approach that provides insight into organization apps, speeds innovation, and enhances consumer experiences. Interest in the technologies continues to develop as enterprises understand the organization worth of intelligent monitoring. According to one estimate, the cloud monitoring industry alone will attain $1.97 billion in worth by 2022, up from $821 million in 2017.
Kentik performs tests on networks, containers, and hosts and alerts prospects to possible overall performance troubles. Using the platform, engineers can zoom into particular tests and find out the particulars of visitors paths to narrow down the supply of a dilemma. Kentik also assists to guarantee DNS and internet servers stay up to date so that sites and internet-based apps are normally obtainable. Companies get metrics displaying server availability, resolution time, and returned outcomes, like IP addresses and records.
“With Kentik, you can see real-time performance of networks and applications side-by-side, pinpointing network issues, or where in the app stack problems are occurring. [You can also] automate testing and debug performance of critical internal and SaaS applications to keep ecommerce up and employees productive,” Freedman continued. “[Customers] get notified about DDoS attacks with quick pivoting for explorations, and control-plane integrations to signal and stop the attacks. [In addition, they can] audit and optimize network spend across cloud networks, service provider bills, and internal network links.”
Kentik’s not too long ago launched managed service, Kentik Cloud, permits customers to make charts of custom queries with curated outcomes to see the total image in a single view. It also supplies a map of virtual private networks as effectively as topologies like gateways and interconnects in the cloud, involving clouds, and on-premises.
In August, Kentik launched Kentik Labs, a hub aimed at assisting developers cut down their imply time to recovery — the quantity of time it requires to recover when a dilemma happens — by supplying open supply network observability tools to rule networks in or out as the situation. “Whether the problem is the application or the network, Kentik Labs offers tools to focus your efforts at the right layer with the right team,” Kentik chief scientist Pye stated at the time. “In addition, branching out into open-source technology will allow us to participate in adjacent communities and define the future of observability.”
Kentik’s more than 300 prospects and thousands of customers span digital organizations, corporate IT, and service providers like IBM, Box, and Zoom. The business competes with Datadog, Netscout, Riverbed, OpsCruise, and Sosivio, as effectively as app observability platforms DeepFactor and Lightrun, amongst other individuals. Kentik has 135 personnel and expects to have practically 200 by the finish of the year.
“Growth has accelerated during the pandemic, as enterprises become more network and internet dependent for core operations, and as we’ve released new integrated products to test performance and provide cloud visibility. We aren’t disclosing revenue, but we will add double-digit millions of new business this year,” Freedman stated. “Our gross margin is over 85% and we have been in the more than 80% range for years due to our own big data … backend and limited use of public cloud. We were more conservative during the beginning of the pandemic, and burned less than $5 million in 18 months, but are massively increasing our investment across the business now.”