HeadSpin, the company that ensures flawless connected experiences enabled by web, mobile, IoT and 5G, announced it has raised $60 million Series C funding round led by Dell Technologies Capital and ICONIQ Capital.
Other investors who took part in the funding round include Tiger Global Management, Kearny Jackson, and Alpha Square Group. Some of the leading angel investors that were part of the funding round include: LinkedIn’s Jeff Weiner, We’s Shiva Rajaraman, Calm’s Alex Will, Notion’s Akshay Kothari, Bumble’s Derek Callow, Caviar’s Gokul Rajaram, Uber’s Manik Gupta, Stripe’s Amber Feng, Facebook’s Kevin Weil and Andrea Moore, OpenDoor’s Sheila Tran, AngelList’s Sunil Pai, Supercast’s Jason Sew Hoy, mParticle’s Michael Katz, SVB’s Cheryl Sew Hoy, Airbase’s Thejo Kote, Spotify’s John Bonten, Twitter’s Lisa Kleinsorge, and Pinterest’s Ali Altaf.
HeadSpin will utilise the funds to develop new product offerings, expand into new market segments, and deepen position within cloud ecosystems. Till now, the company has managed to raise $117 million in total.
The company has also announced the appointment of Nikesh Arora, Chairman CEO of Palo Alto Networks, as Chairman to its Board. Arora is the former Chief Business Officer at Google who most recently served as President and COO of SoftBank prior to joining Palo Alto Networks.
“HeadSpin’s extraordinary technology has broken barriers and redefined the frontier of testing, monitoring, and analytics across devices, locations and networks to understand a customer’s connected experience. This means business, development, devops, and product teams can finally be on the same page and focus on what matters most: delivering high quality, innovative digital experiences enabled by web, mobile, IoT, and 5G,” said Nikesh Arora.
“HeadSpin has achieved remarkable results in only four years,” said Deepak Jeevankumar, Managing Director, Dell Technologies Capital. “Not only has the team managed exceptional sales execution, but it created a new solution category that is now the standard for how the best consumer and enterprise G2000 companies ensure top-notch connected experiences for their users and customers. HeadSpin today is one of the fastest-scaling software companies I’ve seen in my 10 years of investing and has truly exceptional growth potential.”
“HeadSpin is well-positioned to take advantage of this huge market opportunity as enterprises transition to providing higher-quality digital and mobile experiences.” said Manish Lachwani, CoFounder and CEO, HeadSpin. “We’re privileged to be able to grow the company with our excellent team, partners and investors.”
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