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cPacket Closes $67M Debt and Equity Round

Finsmes · 1y

cPacket Networks has raised $67 million in debt and equity funding, with participation from Morgan Stanley Expansion Capital and Trinity Capital. The California-based company aims to use the funds to enhance product development, expand its cloud and hybrid footprint, and leverage AI/ML for customer insights from packet data. cPacket Networks provides an intelligent observability platform that enables hybrid-cloud observability and offers benefits such as reducing service outages, strengthening cybersecurity, and accelerating incident response. CEO Brendan O'Flaherty expressed excitement about the funding and plans for market expansion and talent acquisition.