Clockwork Raises $21M in Series A Funding
Summary
Clockwork, a Palo Alto, CA-based developer of technology for time-sensitive applications, raised $21M in Series A funding. The round was led by NEA with participation from angel investors John Hennessey, Ram Shriram, Neeraj Bharadwaj, and Jerry Yang. Co-founded by Yilong Geng, Deepak Merugu, and Balaji Prabhakar with Mendel Rosenblum serving as Chief Scientist and Board Member, Clockwork has developed a tech platform that enables time-sensitive applications in areas such as financial trading, high-tech, and online gaming. Clockwork’s Latency Sensei enables a DevOps engineer to see through the fog of virtualization, enabling the user to derive visibility, including the ability to measure true one-way delays of a packet or remote procedure call, discover network bottlenecks and “hiccups” (outages lasting a few seconds), and identify underperforming VMs arising from “noisy neighbors.” Such information helps companies assess network latency so they can optimize application performance. Already, Clockwork’s clock synchronization system and/or Latency Sensei have been deployed by eBay, Wells Fargo, and RBC among others to support such critical functions as accurate timestamping, in-order execution of trades, accurate latency measurements, and other functions in on-prem and cloud environments.
Funding
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