cPacket Secures $67M to Fuel Hybrid-Cloud Observability Growth

By Greg Tavarez February 29, 2024

Today's enterprise networks are more complex due to the rise of cloud computing, the proliferation of mobile devices and applications, and the growing adoption of IoT and AI. Additionally, businesses are demanding better performance from their networks to support critical applications and services. This combination of complexity and performance demands creates a significant challenge for IT teams who need to ensure the smooth operation and optimal utilization of their network resources.

One way to address this challenge is with high-quality, real-time packet data and analytics. Packet data refers to the individual units of information that travel across a network. By analyzing this data in real-time, organizations can gain valuable insights into the performance, health and security of their network. This information can be used to identify and troubleshoot problems, optimize resource allocation and ensure that critical applications have the bandwidth and latency they need to function effectively.

cPacket Networks is a company that specializes in providing solutions for network performance monitoring and analysis. Their solutions are trusted by many, including large enterprises and service providers. These customers rely on cPacket (News - Alert)'s technology to gain the insights they need to make critical decisions about their networks.

The company is constantly innovating and developing new technologies to address the evolving needs of its customers. And it has taken another step forward with the successful closure of a $67 million funding transaction. The round comprises a primary and secondary equity investment guided by funds managed by Morgan Stanley Expansion Capital, complemented by a debt refinancing facilitated by Trinity Capital.

This considerable capital injection will accelerate cPacket's growth strategy to solidify its position as an innovative force within the enterprise hybrid network observability and security sector.

The investment will fuel cPacket's growth across multiple fronts, including product advancement, market expansion and talent acquisition. Let’s break it down.

Substantial investments in research and development enhance cPacket's Intelligent Observability Platform by adding capabilities that address the complexities of hybrid-cloud infrastructure. Expanding cPacket's sales and marketing efforts on a global scale helps the company reach new markets and solidify its status as a go-to observability solutions provider. The investment also means cPacket is better suited to attract and retain top talent across the organization. Because of this, they stay at the forefront of innovation.

“We will strategically utilize their funding to drive market expansion and talent acquisition, as we accelerate delivery of our ground-breaking network observability solutions for our clients across financial services, healthcare, high-tech and government sectors,” Brendan O’Flaherty, CEO, cPacket Networks.

Citizens JMP Securities (News - Alert) served as exclusive financial adviser to cPacket in connection with the transaction.

Edited by Alex Passett
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