ThousandEyes

ThousandEyes, Inc.
Company typePrivate
Industry
Founded2010; 14 years ago (2010)
Mountain View, California
Headquarters
San Francisco, California
Key people
Mohit Lad (CEO and co-founder)
Ricardo Oliveira (CTO and co-founder)
Websitewww.thousandeyes.com

ThousandEyes, Inc. is a network intelligence company headquartered in San Francisco with offices in Dublin, London, New York, Tokyo, and Austin, Texas. The company produces software that analyzes the performance of local and wide area networks.[1] On May 29, 2020, Cisco announced it would be acquiring ThousandEyes.[2][3]

History

The company was founded in 2010 by Mohit Lad and Ricardo Oliveira who had worked together during grad school in the UCLA Internet Research Lab to visualize Autonomous System topologies.[4] ThousandEyes received a $500K National Science Foundation grant in 2011 to focus on DNS infrastructure troubleshooting.[5] In 2011, Sequoia Capital led a Series A round to invest $5.5M.[6] The company launched their network monitoring product in June 2013.[7] In 2014, Sutter Hill Ventures led a Series B round, joined by Sequoia Capital and Salesforce.com, to invest $20M in the company.[8] In 2016, Tenaya Capital and GV joined a Series C round, along with previous investors, with $35M more in capital.[9] In February 2019 the company announced it has raised $50M in a Series D round of funding led by GV (formerly Google Ventures), bringing ThousandEyes' total funding to more than $110 million. Additionally, Thomvest Ventures joined the round as a new investor alongside existing investors Salesforce Ventures, Sequoia Capital, Sutter Hill Ventures and Tenaya Capital.[10]

Technology

ThousandEyes is a software-as-a-service (SaaS) product that uses synthetic monitoring probes to measure network performance. The product includes elements of network tomography for loss and latency, route analytics to visualize BGP advertisements, DNS monitoring, VoIP monitoring, website monitoring for HTTP and HTTPS and SNMP device polling.[11]

Business

ThousandEyes was privately held until 2020 and backed by venture investors including Sequoia Capital, Sutter Hill Ventures, Salesforce, Tenaya Capital and GV. Its customers include Twitter, Equinix, ServiceNow, EBay, DocuSign, top US banks, and many software-as-a-service cloud companies.[12] In May 2020, Cisco announced intent to acquire ThousandEyes.[13] In August 2020, Cisco completed the acquisition [14] for an undisclosed amount that was reported to be near $1 Billion.[15]

Recognition

ThousandEyes has been recognized by Fortune as one of the 2019 Best Workplaces in Texas[16] and by the San Francisco Business Times as one of the 2019 Bay Area Best Places to Work.[17] ThousandEyes has also been recognized by Battery Ventures as one of the 50 Highest-Rated Private Cloud-Computing Companies to Work For, with data specifically provided from Glassdoor.[18] In June 2019, ThousandEyes was recognized as one of the winners of the 2019 Cloud Computing Product of the Year Award by TMC's Cloud Computing Magazine.[19] In November 2018, ThousandEyes was recognized in Credit Suisse AG's inaugural Disruptive Technology Recognition (DTR) Program, an annual recognition of five top companies who are disrupting traditional enterprise information technology (IT Infrastructure).[20] ThousandEyes was included in the 2014 “Gartner Cool Vendors in Application Performance Monitoring and IT Operations Analytics” report.[21] Forbes placed ThousandEyes fourth on the list of the "Hottest Startups of 2014."[22]

References

  1. ^ Moozakis, Chuck (19 June 2014). "Network Innovation Award: ThousandEyes Multiplies View". TechTarget. Retrieved 17 March 2015.
  2. ^ "Cisco Announces Intent to Acquire ThousandEyes". newsroom.cisco.com. Retrieved 2020-05-28.
  3. ^ Bort, Julie. "Cisco is buying 400-employee startup ThousandEyes, which launched by using thrown-away computer servers and an unusual source of seed money". Business Insider. Retrieved 2020-05-29.
  4. ^ Chi, Ying-Ju; Oliveira, Ricardo; Zhang, Lixia (October 2008). "Cyclops: The AS-level Connectivity Observatory". ACM SIGCOMM Computer Communication Review. 38 (5): 5–13. doi:10.1145/1452335.1452337. S2CID 9060965. Retrieved 18 March 2015.
  5. ^ "SBIR Phase II: An Integrated Solution for Global Visibility and Security of Internet Services". Small Business Innovation Research. Retrieved 18 March 2015.
  6. ^ "Technology Portfolio". Sequoia Capital. Retrieved 18 March 2015.
  7. ^ Darrow, Barb (19 June 2013). "ThousandEyes sniffs out performance problems on-site, off-site wherever". GigaOm. Retrieved 18 March 2015.
  8. ^ Kepes, Ben (9 December 2014). "ThousandEyes Raises $20M Series B". Forbes. Retrieved 18 March 2015.
  9. ^ Vanian, Jonathan (25 December 2016). "Alphabet and Salesforce's Venture Arms Just Poured Millions In This Hot Startup". Fortune. Retrieved 25 February 2016.
  10. ^ Wiggers, Kyle (20 February 2019). "ThousandEyes raises $50 million to monitor network performance". VentureBeat. Retrieved 29 August 2019.
  11. ^ Banks, Ethan (11 October 2013). "ThousandEyes Peers into Cloud Performance". Network Computing. Retrieved 18 March 2015.
  12. ^ Bort, Julie (2016-11-07). "How These Founders Built a $273 Million Company From Junk Computers". Inc.com. Retrieved 2020-04-07.
  13. ^ "Cisco Announces Intent to Acquire ThousandEyes". 2020-05-28.
  14. ^ "Cisco Completes Acquisition of ThousandEyes". 2020-08-07.
  15. ^ Baker, King (2020-05-28). "Cisco Nears $1 Billion Takeover of Software Maker ThousandEyes". Bloomberg.com.
  16. ^ Fortune Editors (19 March 2019). "The 80 Best Companies to Work For in Texas". Fortune. Retrieved 29 August 2019. {{cite news}}: |author1= has generic name (help)
  17. ^ Cooper, Julia (18 April 2019). "These are the Best Places to Work in the Bay Area". San Francisco Business Times. Retrieved 29 August 2019.
  18. ^ Battery Ventures (24 April 2019). "The #CloudCulture Competition Heats Up. Here's Who's Topping The Highest-Rated Cloud Companies Lists of 2019". Powered by Battery. Retrieved 29 August 2019.
  19. ^ "Winners of the 2019 Cloud Computing Product of the Year Award Announced". Cloud Computing Magazine. 20 June 2019. Retrieved 29 August 2019.
  20. ^ Byrne, Karina (20 November 2018). "Credit Suisse AG Announces the Disruptive Technology Recognition Program". Credit Suisse (Press release). Retrieved 29 August 2019.
  21. ^ Kowall, Jonah (29 April 2014). "Cool Vendors in Application Performance Monitoring (APM) and IT Operations Analytics (ITOA)". Gartner Blog. Retrieved 18 March 2015.
  22. ^ Solomon, Brian (17 December 2014). "The Hottest Startups of 2014". Forbes. Retrieved 18 March 2015.
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