Israeli network solving startup indeni has raised $10 million from Sequoia Capital, iAngels, and CIRtech. The funds will support indeni’s aggressive plan to enable its enterprise customer base, invest in sales and marketing, and create category-defining technology for mission critical devices.
“The network has become more complex with introduction of IoT and smart devices.” said Haim Sadger, General Partner at Sequoia Capital. “Companies that are enabling Enterprises to solve complex challenges, such as keeping a network up and running, leveraging machine learning and crowd-sourcing are the best investment opportunities right now, and indeni is a stand out technology in this category.”
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Founded in 2010 by CEO Yoni Leitersdorf, the company has offices in San Francisco and Palo Alto. Its R&D center in Tel Aviv.
indeni has developed a platform that monitors devices from leading vendors such as Blue Coat, Check Point, Cisco, F5, and Palo Alto Networks.
With indeni, organizations can anticipate network outages before they become major events and avoid steep costs associated with downtime.
In the past year, indeni has experienced rapid growth securing customers in financial services, healthcare and retail including two of the top four credit card providers.
Building on this momentum, the funding will allow indeni to fuel aggressive growth plans and reach the broader market.
Leitersdorf said, “We believe it is our responsibility to make the lives of administrators, engineers and their managers better. With the indeni platform powered by indeni insight, we are providing unprecedented visibility to network health making it easier for organizations to complete their projects on time. indeni customers often tell us that we are critical in bringing sanity to their day to day. That is exactly what we want to do. This round of funding will help us help us to do more, for more people, and cement our position as the leader in this space.”
