# Auvik Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/auvik-networks

- Industry: IT Infrastructure
- Headquarters: Waterloo, Canada
- Website: www.auvik.com
- Total disclosed funding: $33M
- Latest round: Series C (May 15, 2018)
- Investors on record: 4

## About

Based in Waterloo, Ontario, Canada, and founded in 2011 Auvik Networks Inc. operates as a provider of cloud-based network management software. The company was founded by its by Chief Product Officer Alex Hoff, Chief Executive Officer Marc Morin, and David Yach. The firm has 217 employees as of 2021 and has offices in Spain, the UK, New Zealand, and Australia. The company received Series C funding from Celtic House Venture Partners, OpenView Venture Partners, and RHO Capital Partners in May 2018. In October 2018, the company acquired Talaia Networks S.L., and in July 2021, Great Hill Partners acquired Auvik Networks Inc. for USD 250 million.

Auvik Networks offers a cloud-based networking management and monitoring software called Auvik that provides network visibility and information technology asset management services to its clients. Auvik offerings include automated mapping, inventory and documentation, network performance monitoring and troubleshooting, which protects the client's users from network issues and security hacks, keeps users connected to business-critical resources at all time, and helps them responds to network issues in real-time; network traffic analysis, which provides deep visibility into traffic flows across the network; and network configuration backup, which allows users to maintain an up-to-date device configuration backups as they change.

The company also offers network monitoring and management with security and privacy solutions such as secure architecture, which secures data collection and storage, secure agent, which is a piece of code that uses industry-standard protocols to gather information about a network and summarizes and sends that information to the Auvik servers over encrypted connections, secure access, which offers a combination of physical and logical security measures, and secure practices, which includes comprehensive security program, secure coding practices, vulnerability management, security monitoring, incident management, and security awareness training.

In 2020, the company generated a revenue of USD 15.8 million.

Following its acquisition by Great Hill Partners, Auvik Networks Inc. plans to use the capital to build its go-to-market strategy outside of the US and Canada, as well as to fund its product development, geographic reach, segment expansion, and other strategic growth initiatives.

## Funding rounds

- Series C, May 15, 2018, $16M — RHO, Celtic House Venture Partners, OpenView
- Series B, Aug 10, 2017, $12M — RHO, Celtic House Venture Partners, OpenView
- Series A, Apr 24, 2013, $6M — RHO, Celtic House Venture Partners, BDC Capital

## Investors

- RHO (https://capitalatlas.ai/funds/rho) — Series A, Series B, Series C
- Celtic House Venture Partners (https://capitalatlas.ai/funds/celtic-house-venture-partners) — Series A, Series B, Series C
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A
- OpenView (https://capitalatlas.ai/funds/openview) — Series B, Series C