Boundary, a provider of IT Infrastructure Monitoring solutions, announced its $22 million C-round funding, bringing total funding to date to $41 million. The round was led by new investor Adams Street Partners with participation from Triangle Peak Partners as well as existing investors Lightspeed Venture Partners and Scale Venture Partners. The funding will enable the company to continue to expand development of its market leading product and technology as well as significantly bolster its sales and marketing capabilities.
Boundary offers customers significant advantages over traditional IT monitoring solutions. As a public or private SaaS-delivered service it is operational within seconds and completely non-intrusive. It is designed for modern application infrastructures such as public/private cloud or hybrid environments where resources are dynamic in nature. At its core is the ability to collect and process hundreds of millions of metrics and events every second using a highly scalable low latency streaming engine. This data is processed in context of the real-time application map, which Boundary builds and updates immediately to reflect changes in the infrastructure or the application.
Over the last 18 months, Boundary has amassed an enviable customer base that reads like a who’s who of transformative and modern IT environments. Boundary processes up to 2 trillion metrics daily for clients that include Scripps Networks Interactive, Salesforce.com, The Weather Channel, Zendesk, Gilt, Expedia, Infor, Heroku, OneNeck, Websense, HCL Technologies, Rackspace and many others.
“Modern application development methodologies combined with modern operations cultures such as DevOps give organizations the key advantages of rapid time to market and agility. But this can come at the cost of service availability as recent high profile outages have demonstrated. New applications and infrastructures require new monitoring solutions – ones that can embrace the cadence of continuous deployment and elasticity while dealing with the complexity of highly distributed architectures,” said Boundary CEO Gary Read. “Boundary is a new breed of application aware infrastructure monitoring solution where the key emphasis is how the infrastructure affects the application performance.”
“The IT Operations Management market is an estimated $20 billion industry dominated by legacy solutions, and like the disruption we are seeing in many other spaces, Boundary is leading the charge,” said Mike Zappert, Principal at Adams Street Partners. “We spoke to many Boundary customers and found a consistent theme around the unique and highly-valuable visibility provided to them. Multiple customers told us that they found and resolved problems using Boundary that their existing solutions didn’t even see. The Boundary technology combined with the amazing, proven team will lead infrastructure monitoring into the modern era.”
