cPacket Networks, which sells a hybrid-cloud observability platform, completed a $67 million transaction, including a primary and secondary equity investment by funds managed by Morgan Stanley Expansion Capital and a debt refinancing by Trinity Capital.
cPacket will use the funds to accelerate product development, including 400Gbps Observability nodes, expanding its Cloud and hybrid footprint and introducing innovative use of AI/ML to drive deep but business relevant insights from customers packet data. In addition, the company will continue to scale its sales and marketing efforts globally.
“We are delighted to have the support and endorsement of Morgan Stanley Expansion Capital and Trinity Capital. We will strategically utilize their funding to drive market expansion and talent acquisition, as we accelerate delivery of our ground-breaking network observability solutions for our clients across financial services, healthcare, high-tech and government sectors.”
-- Brendan O’Flaherty, CEO cPacket Networks Inc.
