July 16 - 15:07
18D
Auvik raises $250m to run networks in the cloud
Auvik, which provides network management software in the cloud, has raised $250m in new investment. The cash was put forward by private equity firm Great Hill Partners. Auvik uses automation to simplify network management for IT teams, and it currently operates four million devices worldwide. It will spend the money on product development, and increasing its geographic reach.
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