HeadSpin announced a $ 1.16 billion valuation of a $ 60 million Series C financing and appointed as Chairman of the Board Nikesh Arora

Palo Alto, CA - (BUSINESS WIRE) - Company ensured by Web, mobile, Internet of Things (IoT) and 5G perfect Internet experience HeadSpin today announced the completion of a C $ 60 million round of financing. The round was lead investor by the Dell Technologies Capital and ICONIQ Capital, while the participation of institutional investors include Tiger Global Management, Kearny Jackson and Alpha Square Group. This round of financing allows the company since its inception total funds raised to $ 117 million. HeadSpin will use the funds to develop new products, expand into new market segments and strengthen its position in the cloud ecosystem.

HeadSpin also announced, Palo Alto Networks chairman and chief executive officer Nikesh Arora has joined the Board of Directors Chairman of the Board. Arora, Google's former chief commercial officer, prior to joining Palo Alto Networks most recently served as president and COO positions Softbank.

Participation in this round of financing as well as leading angel investors including LinkedIn, Jeff Weiner, We the Shiva Rajaraman, Calm's Alex Will, Notion of Akshay Kothari, Bumble's Derek Callow, Caviar of Gokul Rajaram, Uber (Uber) of Manik Gupta, Stripe of Amber Feng, Facebook's Kevin Weil and Andrea Moore, OpenDoor of Sheila Tran, AngelList of Sunil Pai, Supercast of Jason Sew Hoy, Michael Katz mParticle in, SVB's Cheryl Sew Hoy, Airbase of Thejo Kote, Spotify's john Bonten, Twitter and Pinterest's Lisa Kleinsorge of Ali Altaf.

Nikesh Arora expressed: "HeadSpin extraordinary technology to break barriers and redefine across devices, locations and network testing, monitoring and analysis to understand the customer's Internet experience which means border business, development, operation and maintenance, and product team final. It can be coordinated and focused on the most important thing: to provide high quality, innovative digital experiences through Web, mobile, networking and 5G "

Recognizing that brings Web, mobile, networking and Internet experience 5G technology has become the main point of interaction between the company and its customers, HeadSpin developed the world's first intelligent platform for Internet Connected Intelligence Platform ™, to unify across applications , test equipment and network monitoring and analysis. As a result, companies can throughout the development lifecycle as well as for covering the functionality and performance in today's increasingly complex software and infrastructure ecosystem global audience, the optimization of the Internet experience.

Deepak Jeevankumar Dell Technologies Capital Managing Director: "HeadSpin in just four years has made remarkable achievements of the team not only achieved excellent sales performance, but also created a new category of solutions, such solutions. It has now become the best company to ensure that consumers and businesses G2000 offers first-class Internet experience for their users and customers standards. HeadSpin is now one of the fastest growing software companies I've seen in ten years investment career, and have a truly remarkable growth potential. "

Since its inception in 2015, HeadSpin annual revenue doubling every year, has won the trust of more than 1,000 corporate customers and telecom operators. HeadSpin new corporate clients include Microsoft, vibrato, Bandai Namco Studios, Yahoo, Uber (Uber), DeNA, AirBnB, Kohls, ByteDance, BYJUs, Optus, Australia Post (Australian Post), Telefonica (Telefonica) and Wal-Mart. As part of its international expansion, the company recently in London, Tel Aviv, Berlin and Cape Town opened its regional offices to meet the Europe, Middle East and Africa growing customer demand.

Manish Lachwani HeadSpin co-founder and CEO, said: "As enterprises transition to digital and mobile experience to provide higher quality, HeadSpin have favorable conditions to seize this huge market opportunity and we are honored to be with our excellent team. partner and investor together to promote development of the company. "

HeadSpin is headquartered in Palo Alto.

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