Tech firm ThousandEyes raises £38m in funding led by GV

Keiligh Baker's picture

ThousandEyes, the company that provides intelligence into digital experience for the cloud, Internet and enterprises, today announced it has raised £38 million in a Series D round of funding led by GV (formerly Google Ventures).

The figure brings London-based ThousandEyes’ total funding to more than £84 million.

Additionally, Thomvest Ventures joined the round as a new investor alongside existing investors Salesforce Ventures, Sequoia Capital, Sutter Hill Ventures and Tenaya Capital.

The new funds will be used to execute on the company's strategic growth initiatives, including the acceleration of go-to-market activities and expansion of global operations while continuing to invest in digital experience innovations that drive customer success.

“ThousandEyes is seeing remarkable traction with Fortune 500 customers and this sustained growth is a testament to the scope of the network visibility problems they continue to solve,” said Dave Munichiello, General Partner at GV.

“ThousandEyes delivers mission-critical visibility into every network an enterprise relies on, and ultimately has an objective view of enterprise services, clouds, and their performance that is unparalleled in the technology ecosystem.”

The company today shared year-end results and key accomplishments from its fiscal year 2019 (FY19), which concluded on January 31, 2019. The company closed out the year with significant revenue growth in both global and domestic markets, most notably in technology, financial services and retail markets.

ThousandEyes now counts 20 of the 25 top SaaS companies, six of the top seven U.S. banks, and four of the top five UK banks as customers, plus more than 65 of the Fortune 500 and over 120 Global 2000 companies.