Fixstream Networks racks up $10 mln Series A

Fixstream Networks has raised $10 million in Series A financing. Tech Mahindra Limited led the round. Based in San Jose, Calif. and India, Fixstream Networks is a provider of a cloud-based software platform focused on big data correlation and analytics.

PRESS RELEASE

SAN JOSE, Calif., June 5, 2014 /PRNewswire-iReach/ — Fixstream Networks Inc. has a cloud based software platform focused on big data correlation and analytics – integrating data from applications and infrastructure sources to offer end to end visibility and assurance in Service Provider and Enterprise datacenters/ Cloud environment. The company announced that it has closed $10 million in Series A financing. Tech Mahindra Limited led this round of financing.
“We are thrilled to have a strong vote of confidence from a world-class investor as we move into the initial phase of our product,” said Sameer Padhye, Founder and Chief Executive Officer of Fixstream. “With accelerating SP and enterprise interest to monitor customer experience and mitigate performance problems, it is critical that we have the capital and the leadership team to execute on our vision for solving the most prevalent and complex IT, datacenter and cloud problems.”
“Tech Mahindra is committed to deliver innovative solutions to our customers who deal with complex situations in today’s hyper-connected world. Fixstream has made tremendous progress in creating an intuitive visualization of the complex datacenter and Cloud environment, putting applications and business services at the center. Tech Mahindra is excited to invest into this company and it’s technology platform – and partner with Sameer and the Fixstream team.” said C.P.Gurnani, Managing Director and Chief Executive Officer, Tech Mahindra.
About Fixstream – Fixstream Networks Inc. is a privately held company that creates technology to correlate, analyze and visualize the physical and logical infrastructure related to applications and business services in the datacenter/ hybrid Cloud environment. The company was founded in May 2013 by networking and IT industry veteran Sameer Padhye and his experienced team. For more information, please visit www.fixstream.com.

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