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cPacket Announces Closing of a $67M Investment from Morgan Stanley Expansion Capital and Trinity Capital Inc.

cPacket Announces Closing of a $67M Investment from Morgan Stanley Expansion Capital and Trinity Capital Inc.

02/14/24, 2:12 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmilpitas
Money raised
$67 million
Industry
software development
Investors
Trinity Capital Inc., Morgan Stanley Expansion Capital
cPacket Networks Inc. closed a $67 million investment round, which includes a primary and secondary equity investment by funds managed by Morgan Stanley Expansion Capital and a debt refinancing by Trinity Capital Inc. The funds will be used to accelerate product development, expand its Cloud and hybrid footprint, and introduce innovative use of AI/ML to drive deep but business relevant insights from customer's packet data.

Company Info

Company
CPACKET NETWORKS
Location
480 n. mccarthy blvd., suite 100
milpitas, california, united states
Additional Info
Today’s zero downtime enterprises rely on high-speed, distributed networks to move at warp speed. But that speed demands line-speed network monitoring across hybrid environments to ensure uptime and reduce organizational threats. cPacket’s comprehensive solutions provide industry-leading packet capture without the risk of a single dropped packet and effective packet delivery to network and security tools.
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