Catchpoint, a smart monitoring service for digital businesses, has announced it raised a $22.5 million Series C round.
The round was led by Sapphire Ventures, a Palo Alto-based fund that has made notable investments in New York companies like OnDeck, Integral Ad Science, and Kaltura. Catchpoint’s latest funding round also garnered participating investments from Battery Ventures.
“After several years of steady growth in both revenue and market share, we’re very excited to partner with Sapphire Ventures to take the next steps forward as a company,” said Catchpoint CEO and co-founder Mehdi Daoudi, in a statement. “Sapphire Ventures’ experience in SaaS and scaling enterprise companies will be invaluable as we continue to grow and improve our product, and help companies around the globe deliver amazing digital experiences to their customers.”
Catchpoint’s platform works to provide performance insights on its customers’ digital experience in order to boost overall business performances for companies. The service is designed for digital businesses specifically and is currently the only end-user experience monitoring platform that can capture, index and analyze performance data across monitor types. Today, over 350 customers use Catchpoint’s technology including big brands such as Google, priceline.com, Comcast, Verizon and Wayfair.
Catchpoint launched back in 2008 and has raised $39 million to date. The company plans on using the new funding to expand its product development and global go-to-market strategies.
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