End-user IT analytics supplier Nexthink, has raised $40m in new investment, led by Highland Europe, a leading global venture capital firm. This is the largest round of funding to date for Nexthink and includes participation from the Bertarelli family’s Waypoint Capital.
This latest round brings the total capital raised by Nexthink to $65 million since the Company was founded from a research project in artificial intelligence at the prestigious Ecole Polytechnique Fédérale de Lausanne, in Switzerland in 2004. With the Middle East and Asia being a significant contributor to Nexthink’s business growth, 20% of the investment will be allocated towards regional expansion, creating further jobs and building an innovation hub to meet the growing needs of customers.
Nexthink reported record quarterly growth in 2015 for the ninth consecutive year and annual growth of over 50%. Equipped with the latest round of funding, Nexthink has also moved its US sales headquarters to Boston.
Today the Company has over 600 customers worldwide and some of their key customers in the region include Wipro, Saudi Electricity Company, du, National Commercial Bank, ADCO, Jumeriah Group, and the Ministry of Health UAE. Nexthink’s technology uniquely addresses a growing need of providing IT departments with real-time visibility of their end-user infrastructure. With Nexthink analytics IT operations teams can decrease end-user disruption by 30% while detecting security incidents in seconds across thousands of computers.
