Kinetic Venture Partners Co-Lead $7.25M Series B for SwiftTest
SwiftTest Inc. (http://www.swifttest.com), a leading provider of testing and analytics solutions for the data center, today announced that it has secured $7.25 million in series B funding. The round was led by Azure Capital Partners with Kinetic Venture Partners. Also contributing to the round were existing investor Benhamou Global Ventures, as well as Miramar Venture Partners, Core Capital Partners and Columbus Nova.
“The IT infrastructure testing market offers a great opportunity due to the sheer complexity of the modern data center,” says Paul Weinstein, General Partner at Azure Capital Partners. “SwiftTest’s innovative technology enables them to fill a critical void in the market. We’re thrilled to join them in their mission.”
Since delivering its first product three years ago, SwiftTest has signed an impressive array of Fortune 500 customers and has become the leader in networked storage testing. With SwiftTest, IT organizations run their data center more efficiently and equipment manufacturers get their products to market faster and more efficiently. The product suite was built from the ground up with the intelligence and performance to test with highly accurate, real-world traffic and tremendous scalability.
“SwiftTest’s mission is to empower infrastructure experts. Our solutions provide them with the insight they need into the behavior of today’s sophisticated data center technology,” says Philippe Vincent, President and CEO of SwiftTest. “Partnerships with our investors, including Azure, play an important role in our ability to do this.”
The new funding will enable SwiftTest to deepen its product offering and accelerate their go to market strategy. The financing also builds upon SwiftTest’s success, providing for continued customer support and company growth.
Eric Benhamou, Chairman and CEO of Benhamou Global Ventures, has advised the company since inception. “The SwiftTest team possesses deep domain expertise and has built a product that solves new infrastructure problems that legacy technologies can’t handle. I’m excited to be part of the journey.”
About Azure Capital Partners
Founded in 2000, Azure is a San Francisco-based venture capital firm with over $750 million under management. Azure has served as trusted advisors to some of the most successful and important technology companies created in the last decade, including VMware (NYSE: VMW), Bill Me Later (acquired by eBay), Calix (NYSE: CALX), Top Tier (acquired by SAP) and World Wide Packets (acquired by Ciena), and have helped to generate billions of dollars of value in these companies for our entrepreneurs and investors.
About Kinetic Ventures
For over 20 years, Kinetic Ventures has invested in high growth, industry defining information, communications, and power/clean technology companies. With offices in both Washington DC and Atlanta, Kinetic has been involved in the creation of industry defining companies like Ciena, VerticalOne, Corvis, Cerent, Peace Software, Broadware, NYSE Blue, Calix, Altierre and SmartSynch.
About Benhamou Global Ventures, LLC
Benhamou Global Ventures has invested and played an active role in innovative high tech firms throughout the world since 2003. Mr. Benhamou currently serves as chairman of the board of Cypress Semiconductor and on the boards of RealNetworks and Silicon Valley Bank. Previously, Eric was the chairman of the board of 3Com Corporation prior to its acquisition by HP in 2010. He also served as chief executive officer of 3Com from 1990 until 2000.
About SwiftTest, Inc.
SwiftTest is a provider of advanced testing and analytics solutions for the modern data center. Since delivering its first product three years ago, SwiftTest has signed an impressive array of Fortune 500 customers and has become the leader in networked storage testing. With SwiftTest, IT organizations run their data center more efficiently and equipment manufacturers get their products to market faster and more efficiently.