Network analytics startup Kentik pulls in $23M Series B
Summary
In a beacon of hope for onlooking founders, Y Combinator reject and network analytics startup Kentik Technologies locked down a $23 million Series B this morning. For internet service providers and companies making use of a large number of APIs, being able to quickly receive transparent network information means you have to refresh your Yelp, Box and Pandora accounts fewer times to get what you need. Companies are handling close to a zettabyte (one trillion gigabytes) of information, and Kentik wants to help customers quickly break some of it into actionable insights. Datadog, one of Kentik’s competitors, raised a $94.5 million Series D back in January of this year. CEO and co-founder Avi Freedman noted that on a revenue basis, the company is moving past “single digit millions” and into “double digit territory.” Kentik has over 60 customers, and while 80 percent are domestic, the company is developing a strong presence in Western Europe.
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