Auvik Networks Inc. has raised $15 million in Series B funding led by OpenView Venture Partners, with participation from existing investors Celtic House Venture Partners and Rho Canada Ventures.
Boston based OpenView Venture Partners is an expansion stage venture firm, currently investing its fourth fund, a US $250 million 2014-vintage fund. Ricky Pelletier, Partner at OpenView, has joined Auvik’s board in connection with the closing of the financing.
Waterloo, Ontario based Auvik is a network-focused software company. It provides remote monitoring and management (RMM) focused on network infrastructure, such as switches, routers, firewalls, and Wi-Fi controllers. Its cloud-based software gives MSPs unprecedented insight into their client networks and automates complex and time-consuming tasks so they can scale their managed services efficiently and profitably.
New funds will be used for product development, partner success initiatives, and expansion into new markets. Auvik Networks is currently expanding its team in areas across the organization, from sales and marketing to engineering.
“Auvik brings together an all-star team with exceptional technology built to give MSPs true visibility into their network infrastructure like never before,” said Pelletier. “We are thrilled to be part of such an innovative company led by some of Canada’s leading technologists and very much look forward to this next chapter in Auvik’s journey.”
“We’re seeing rapid adoption of Auvik which tells us we’ve developed a product that managed service providers have been waiting for for a long time,” said Marc Morin, CEO of Auvik. “It’s incredibly rewarding to hear stories from our channel partners about the value we’re bringing to their businesses. And we’re just getting started.”
Private Capita Directory:
OpenView Venture Partners
photo credit: Auvik Networks