Google Backs ThousandEyes in $50M Round
February 21, 2019
has raised $50 million in a Series D round
of funding led by GV (formerly Google
Ventures), bringing ThousandEyes’ total
funding to more than $110 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
• Growth and Global Expansion – ThousandEyes opened new operations in Ireland, Australia, Germany and The Netherlands. Full-time employee headcount increased by 25 percent, growing to more than 250 employees around the globe across the new regions, the existing San Francisco headquarters, London, Austin, New York and Tokyo offices.
• Product Innovation – ThousandEyes is on a continuous release cycle, seamlessly delivering significant product and feature enhancements every two weeks. In FY19, ThousandEyes notably delivered several product innovations in the areas of usability, enterprise integrations, data visualization and endpoint-based monitoring. Additionally, ThousandEyes delivered Network Intelligence coverage for multi-cloud environments, plus it expanded its global coverage to include additional US broadband ISPs, dozens of new Network Intelligence vantage points globally, plus a significant increase in IPv6 vantage points.
• Industry recognition – Credit Suisse recognized ThousandEyes as one of just five companies disrupting traditional enterprise IT in 2018, plus, ThousandEyes was named the Best Data-Driven SaaS Product in the 2018 SaaS Awards. Additionally, ThousandEyes ranked among the top 25 Highest Rated Private Cloud Computing Companies To Work For by Glassdoor and Battery Ventures, was nationally certified as a great workplace, and recently was named a best place to work in Austin, TX.
• Additions to a World Class Executive Team – Murtaza Doctor was named vice president of engineering, joining the company from AWS. Additionally, Jennifer Taylor, who brings 18-plus years of human resources experience, joined the company as vice president of global people operations.
• Expert Analyses and Research – As part of the commitment to ongoing industry education, in FY19, ThousandEyes produced ground-breaking industry research to help global businesses and IT leaders make data-driven decisions when it comes to selecting both DNS and public cloud providers, including the 2018 ThousandEyes Global DNS Performance Report and the 2018 ThousandEyes Public Cloud Performance Benchmark Report. Additionally, throughout the year, ThousandEyes leveraged its global network of vantage points to monitor network and application performance around the world, detecting and pinpointing major outages and service disruptions that significantly reduced the number of services available to users. Most notably, ThousandEyes was first to provide analysis of a routing error by a Nigerian ISP that consequently impacted Google services globally. ThousandEyes also detected a major Comcast fiber-cut outage that cut off or slowed down service for millions of Internet users, even beyond Comcast’s customer base. Additionally, the company reported multiple AWS service outages, including one involving the hijacking of its DNS service, Route 53.