Auvik Networks Inc, a Waterloo, Ontario-based provider of network monitoring and management software for managed service providers, announced it has raised $20 million in a Series C financing. OpenView led the round with participation from Celtic House Venture Partners and Rho Canada Ventures. All three venture capital firms are existing investors.
Update: Auvik was founded in 2011 by CEO Marc Morin, CTO David Yach and Vice President, Product and Sales, Alex Hoff. Morin, a serial founder, was interviewed by PE Hub Canada in 2014.
Last year, the company closed a $15 million Series B financing, also led by OpenView. Including the Series C round, Auvik has so far raised nearly $45 million, according to Thomson Reuters data.
Source: Auvik Networks Inc
Photo courtesy of Auvik Networks Inc