cPacket Announces Closing of a $67M Investment from Morgan Stanley Expansion Capital and Trinity Capital Inc.
Feb 14, 2024•over 1 year ago
Amount Raised
$67 Million
Investors
Trinity Capital Inc.Morgan Stanley Expansion Capital
Description
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech