cPacket Networks Secures $67M Funding Boost
February 20, 2024, 10:57 am
Location: United States, California, San Jose
Employees: 51-200
Founded date: 2006
Total raised: $67M
cPacket Networks, a Milpitas, CA-based provider of an intelligent observability platform, recently closed a $67 million debt and equity funding round. The round was led by Morgan Stanley Expansion Capital and Trinity Capital Inc. (Nasdaq: TRIN).
The company plans to use the funds to ramp up product development, including the introduction of 400Gbps Observability nodes, expanding its Cloud and hybrid footprint, and leveraging AI/ML for customer packet data insights.
CEO Brendan O’Flaherty expressed excitement about the support from the investors, highlighting plans for market expansion and talent acquisition to deliver cutting-edge network observability solutions across various sectors.
cPacket Networks' intelligent observability platform aims to enhance hybrid-cloud observability, reduce service outages, strengthen cybersecurity, and accelerate incident response, ultimately boosting service agility, experience assurance, and transactional velocity for businesses.
This funding round signifies a significant milestone for cPacket Networks, showcasing confidence in the company's performance, strategic positioning, and market potential.
The company plans to use the funds to ramp up product development, including the introduction of 400Gbps Observability nodes, expanding its Cloud and hybrid footprint, and leveraging AI/ML for customer packet data insights.
CEO Brendan O’Flaherty expressed excitement about the support from the investors, highlighting plans for market expansion and talent acquisition to deliver cutting-edge network observability solutions across various sectors.
cPacket Networks' intelligent observability platform aims to enhance hybrid-cloud observability, reduce service outages, strengthen cybersecurity, and accelerate incident response, ultimately boosting service agility, experience assurance, and transactional velocity for businesses.
This funding round signifies a significant milestone for cPacket Networks, showcasing confidence in the company's performance, strategic positioning, and market potential.