Tuesday, February 16, 2016

LiveAction Raises $36 Million for Visibility Software

LiveAction, a start-up based in Palo Alto, California, announced a $36 million Series B round of financing for its enterprise IT network visibility software platform.

LiveAction, which was initially developed to aid the U.S. Department of Defense in the operation of its networks, provides real-time big data analytics for decision-making and deep integration with routers and switches for unparalleled network control.

LiveAction features unique interactive topology and end-to-end flow visualization. It can be used to simplify voice, video and application troubleshooting in real time and provide historical playback with its network DVR capability.

New York-based venture capital and private equity firm Insight Venture Partners led the investment round with participation from prior investors Accelerate-IT Ventures and Cisco Investments.

“In 2014, we completed our Series A round, led by AITV and Cisco, and invested those proceeds to build a powerful visibility platform used by many of the biggest companies in energy, finance, retail and healthcare. Closing our Series B financing enables us to globalize LiveAction,” said Darren T. Kimura, CEO and chairman of LiveAction. “Insight Venture Partners have helped build successful infrastructure software companies including SolarWinds, Veeam, and Quest Software, and we are looking forward to accelerating our growth via this partnership.”

http://www.liveaction.com

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