Swiss provider of end-user IT analytics, Nexthink, raises $40M led by Highland Europe
Nexthink®, the unique provider of End-user IT Analytics, has announced that it has raised $40 million in new investment, led by Highland Europe, a leading global venture capital firm. This is the largest round of funding to date for Nexthink and includes participation from the Bertarelli family’s Waypoint Capital and existing investors Auriga Partners and Galeo Ventures.
This latest round brings the total capital raised by Nexthink to $65 million since the Company was founded from a research project in artificial intelligence at the prestigious EPFL (Ecole Polytechnique Fédérale de Lausanne) in Switzerland in 2004.
Nexthink reported record quarterly growth in 2015 for the ninth consecutive year and annual growth of over 50% – 157% in North America, 170% in Northern Europe and over 60% in the DACH region.
Today the Company has over 600 customers worldwide, representing more than 2.4 million endpoints under management. Nexthink’s technology uniquely addresses a growing need of providing IT departments with real-time visibility of their end-user infrastructure. With Nexthink analytics IT operations teams can decrease end-user disruption by 30% while detecting security incidents in seconds across thousands of computers.
Equipped with the latest round of funding, Nexthink plans to further invest in innovation and expand its global presence, including the recent opening of its US sales headquarters in Boston.
“There is universal pain and a big need to have end-user visibility for any IT team world-wide. This latest round enables us to expand in key markets and add new modules to our product roadmap. Many new surprises are coming up very soon.” said Pedro Bados, CEO/President and Co-founder ofNexthink. “We had multiple investment proposals for this round and the team at Highland Europe was the perfect fit for us. We were convinced by their proximity, strong international network and proven track-record in this space.”
“At Highland Europe, we aim to back entrepreneurs with uncapped ambition and technology companies with global market potential,” said Fergal Mullen, Founding Partner atHighland Europe. “We are delighted to have the opportunity to support Nexthink’s founders in the journey ahead with a view to consolidating the Company’s leadership position in the end-user IT analytics market and building a very valuable business.”
Nexthink’s End-user IT Analytics has received numerous awards including the “Innovation of the Year” by the ITAM Review, the“Endpoint Security Award” at the Computing Vendor Excellence Awards, and “Best Security Project of the Year” by ComputerWeekly. Since its launch three years ago, Nexthink’s global partner program has received a 5-star rating by CRN.
With the new funding, Nexthink looks to increase hiring across all roles and functions, especially sales and engineering. Qualified candidates can apply online at:https://www.nexthink.com/careers/.
Source: Nexthink Press Release