The round, which was also backed by Viola Group and Gemini Israeli Funds, followed a record second quarter, which saw the company’s revenues soar 400 per cent over the first three months of the year.
OpTier said it will use the funds to finance further growth in the application monitoring and data analytics space.
The company’s APM and IT Operations Analytics software monitors Java, .NET and PHP applications to provide visibility into application bottlenecks, end-user experience, and infrastructure consumption.
OpTier CEO said, “We’re very appreciative to have the strong financial backing of our trusted investors as we seek to capitalize on promising analytics and cloud-monitoring opportunities.
“This new funding will allow us to aggressively pursue lucrative market opportunities, meet escalating demand for feature-rich, light-weight application monitoring, and seamlessly scale for future growth.”
In the meantime, it was reported this week that Pitango-backed data security specialist Varonis Systems had hired Morgan Stanley to lead a $100m initial public offering.
Copyright © 2013 AltAssets