ExtraHop scoops up $41M to build its wire data analytics business


Credit: Extrahop

ExtraHop, which is pushing its service for analyzing operational data flowing through a company’s networks (aka wire data), now has $41 million in Series C funding to  build its business.

This brings total venture funding to $61.6 million. Extrahop’s service watches data flowing over the L2 through L7 layers of the network to provide a more complete and near-real-time picture of what’s going on in the innards.

Technology Crossover Ventures led the round with contributions from existing backers Meritech Capital Partners and Madrona Venture Group. Ted Coons, a managing partner at TCV who just joined Extrahop’s board of directors, said the company hopes to make “transformed wire data into a key source of visibility and intelligence for IT operations teams,” much as Splunk(s splnk) changed the way businesses are able to use machine data.

In November, the company released a version of its product to help customers keep a close eye on their Amazon Web Services deployments. Co-founders Jesse Rothstein and Raka Mukerji (pictured above) are veterans of F5 Networks. Extrahop claims some big-name customers including Lockheed Martin, Morgan Stanley and McKesson.

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