Sequoia Capital is joined by prominent investors to fuel indeni’s aggressive plan to transform the lives of engineers and the networks they support
SAN FRANCISCO–(BUSINESS WIRE)–November 8, 2016–
indeni, provider of the world’s first crowd-sourced and machine learning network operations platform, has announced $10 million in funding from investors Sequoia Capital, iAngels, and CIRtech. The funds will support indeni’s aggressive plan to enable its enterprise customer base, increase investment in sales and marketing, and create category-defining technology for mission critical devices.
Today’s consumer expects information to be on demand, as a result the networks supporting these services must never go down. Infrastructure is also moving to the cloud which introduces complexity in an already intricate network environment. The migration of systems and real-time demands of data, compounded with pressure from the CIO to innovate ahead of the competition, is creating a strain unlike ever before on network engineers. To maintain a healthy network, organizations must adopt a new approach – one that leverages automation and intelligence to move from reactive to proactive IT operations. Companies that enable network managers will be able to avoid downtime and better utilize talent to achieve business goals.
“The infrastructure operations technology landscape has seen very little innovation in the last decade,” said Haim Sadger, General Partner at Sequoia Capital. “Meanwhile, the network has become more complex with introduction of IoT and smart devices. Companies that are enabling Enterprises to solve complex challenges, such as keeping a network up and running, leveraging machine learning and crowd-sourcing are the best investment opportunities right now, and indeni is a stand out technology in this category.”
Driven by a vision of a world without downtime, indeni believes IT operations should be easier, less stressful, and less error prone, allowing individuals to spend more time working on strategic projects that align to business goals. To achieve this vision, indeni has developed a platform that monitors devices from leading vendors such as Blue Coat, Check Point, Cisco, F5, and Palo Alto Networks. With indeni, organizations can anticipate network outages before they become major events and avoid steep costs associated with downtime. In the past year, indeni has experienced rapid growth securing customers in financial services, healthcare and retail – including two of the top four credit card providers. Building on this momentum, the funding will allow indeni to fuel aggressive growth plans and reach the broader market.
“We believe it is our responsibility to make the lives of administrators, engineers and their managers better. With the indeni platform powered by indeni insight, we are providing unprecedented visibility to network health making it easier for organizations to complete their projects on time,” said Yoni Leitersdorf, CEO of indeni. “indeni customers often tell us that we are critical in bringing sanity to their day to day. That is exactly what we want to do. This round of funding will help us help us to do more, for more people, and cement our position as the leader in this space.”
Join the indeni team: www.indeni.com/careers
indeni makes it easy to identify network issues before they become major events. With the indeni platform, powered by indeni insight, organizations can proactively maintain their network while investing in talent for the next phase of growth. Indeni is the only network operations solution that leverages intelligence from a community of experts, machine learning and automation, to provide proactive alerts with human readable recommendations to solve.
Katie Burton, 415-484-0472