Atternity Inc. has raised $13 million in Series D financing. Investor Growth Capital led the round, which included participation from existing investors Vertex Venture Capital, Genesis Partners, Intel Capital, Clal Industries and Investments LTD. Atternity will use the infusion to expand sales and marketing, as well as development efforts. The company makes enterprise software designed to provide application, physical and virtual desktop monitoring coverage, and real-time analytics.
Aternity Inc., the industry’s leader in end user experience management solutions for Global 1000 enterprises, announced today that it has closed $13 million in Series D funding led by new support from Investor Growth Capital (IGC). The round also included significant follow-on participation by all existing investors Vertex Venture Capital, Genesis Partners, Intel Capital, and Clal Industries and Investments LTD. The investment will further support the company’s exponential customer, partner, and revenue growth by delivering increased product innovation, while expanding its sales and marketing organizations.
The new funding comes on the heels of several major industry milestones including the release of v5.0 of its Frontline Performance Intelligence (FPI) Platform, and the company being named to the “Visionary Quadrant” by Gartner in the Application Performance Monitoring Magic Quadrant.
“Aternity’s success with product and service delivery, global customer and partner acquisition, and industry market leadership has been very impressive,” said Noah Walley, Managing Director and Head of Technology Investing at Investor Growth Capital. “Opportunities like Aternity are rare and we are excited to align with the company, its team, and existing investors to help fuel this next phase of market leadership.”
Aternity’s FPI Platform provides comprehensive application, physical and virtual desktop monitoring coverage, advanced, real-time analytics, and massive scalability in order to dramatically reduce business disruptions, increase user productivity, and deliver breakthrough optimization of enterprises’ support resources. Aternity is used by Global 1000 companies including industry leaders in financial services, healthcare, manufacturing, energy, telecommunications, services, and high-tech.
“We are grateful for the valuable collaboration and trusted partnership of our existing investors, and are excited to now have Investor Growth Capital joining us as well,” said Trevor Matz, President and CEO of Aternity. “We selected IGC based on their keen understanding of our market, deep global network of contacts and patient evergreen capital structure, to help support our strategic growth plan capitalizing on the exponential market growth of end user experience management. We are thrilled to hear from industry analysts that our unique user-centric, proactive IT management approach is fueling much of this interest. We are also very encouraged to see so many of our customers and partners embrace Aternity as a strategic enabler for a wide range of IT initiatives including Virtual Desktop Initiatives, SLA Management, Rich Internet Application Monitoring and Cloud Computing.”
About Investor Growth Capital
Investor Growth Capital is a global venture capital firm backed by Investor AB, with offices in New York, Menlo Park, Beijing, and Stockholm. Since its formation in the mid‐1990’s, IGC has focused on partnering with exceptional, expansion‐stage companies in the technology and healthcare industries. Today, IGC manages an evergreen fund with more than 100 portfolio companies worldwide and assets exceeding $1.5 billion. More at www.investorgrowthcapital.com
About Investor AB
Investor AB, founded in 1916, is the largest industrial holding company in Northern Europe with over $20 billion in assets, and a leading shareholder in a number of Global 1000 corporations, including AstraZeneca, Ericsson, Atlas Copco and ABB. For almost a century Investor AB’s business philosophy has been to build best‐in‐class companies in sectors in which the group has strong knowledge and a networking advantage. More at www.investorab.com
Aternity redefines real end user experience management by delivering the industry’s first Frontline Performance Intelligence (FPI) Platform, effectively transforming every desktop – physical or virtual – into a self-monitoring platform that is user experience aware. By arming organizations with user-centric, proactive IT management capabilities, the Aternity FPI Platform dramatically reduces business disruption and increases user productivity. With Aternity’s 360 degree view of end user experience, advanced analytics for preemptive problem detection and cause analysis, and right-time decision support capabilities, Global 1000 enterprises finally have the empirical evidence on how application performance and usage impacts business results, providing them with a path for constant improvement.
Aternity was named a Top 10 Most Promising Start-up by Ernst & Young and Globes and a Top 50 Startup by InformationWeek. In addition, the company has received prestigious industry recognition from the American Business Awards, the International Business Awards, The Boston Business Journal, The Marker and NetworkWorld Magazine.