ObserveIT Raises $20M from Bain Capital Ventures
Summary
ObserveIT, a New York-based provider of user activity recording and auditing software, raised $20m from Bain Capital Ventures. The company intends to use the funds to expand U.S. headquarters and overall product development, sales and marketing. Founded in 2006 and led by Gabriel Friedlander, CTO, ObserveIT provides a complete visual log via a software-only solution and provides the most comprehensive monitoring and insight into user activity that enables its customers to solve compliance, security and IT operational problems. The solution is used at more than 800 corporations including GE Money, ING, Toshiba, Xerox, Coca-Cola, Samsung, T-Mobile, Vodafone, UPS, Fujitsu and Cisco in 70+ countries.
Funding
Amount
$20.0M
Total raised
Date
December 9, 2013
Announcement date
Investors
Bain Capital Ventures
Lead investors
Company
http://www.observeit.com
Funded company
Classifications
industries
No industries detected
applications
Networking and Cloud
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
ObserveIT
$10M to $25M