ExtraHop, which provides real-time wire data analytics for IT operational intelligence, has closed a $41 million round of Series C financing, led by Technology Crossover Ventures (TCV).
ExtraHop, which has raised $61.6 million in venture capital to date, will use the round to further establish the IT Operations Analytics (ITOA) category.
"Just as Splunk's platform fundamentally changed the way businesses leverage machine data, ExtraHop has transformed wire data into a key source of visibility and intelligence for IT operations teams with its Wire Data Analytics platform," said Ted Coons of Technology Crossover Ventures and who will be joining ExtraHop's board of directors.
"Led by a team with extensive expertise in virtualization, application delivery, and network technologies, ExtraHop is reshaping the way IT approaches management of its operations. The ExtraHop Wire Data Analytics platform provides CIOs, CTOs, and IT Operations teams with the insight they need to translate rich wire data into tangible business value. Serving on the board, I look forward to working with this proven and dynamic team as they continue their category leadership."