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cPacket Announces Closing of a $67M Investment from Morgan Stanley Expansion Capital and Trinity Capital Inc.

Feb 14, 2024over 1 year ago

Amount Raised

$67 Million

MilpitasSoftware Development

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.

Company Information

Company

CPACKET NETWORKS

Location

480 N. McCarthy Blvd., Suite 100

Milpitas, California, United States

About

Today’s zero downtime enterprises rely on high-speed, distributed networks to move at warp speed. But that speed demands line-speed network monitoring across hybrid environments to ensure uptime and reduce organizational threats. cPacket’s comprehensive solutions provide industry-leading packet capture without the risk of a single dropped packet and effective packet delivery to network and security tools.

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Funding Insights

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