Update May 29th, 2020: ThousandEyes is being acquired by Cisco. The company hit $100m in ARR run rate as of March this year. Last fundraise was for $50m in 2019 at a valuation of $643m.
ThousandEyes Founder CEO Mohit Lad Join Nathan Latka SaaS CEO Podcast
If you’re a SaaS business that depends on a cloud network to keep your service up and running, you need to consistently monitor your application’s performance to ensure quality of delivery. If your product is running at suboptimal speeds or constantly crashing, customer satisfaction and retention are sure to suffer.
ThousandEyes is a software product designed to deliver better digital experiences with visibility for cloud, SaaS and SD-WAN. Their platform helps businesses visualize networks, quickly surface actionable insights, and better partner with their providers faster.
How ThousandEyes Hit $50m in Revenue
ThousandEyes is a pure-play SaaS business that charges its customers on an annual subscription basis. While specific average revenue per user was not disclosed, CEO Mohit Lad shared that the company serves numerous businesses that pay them north of $100k annually.
With more than 500 customers today, ThousandEyes can reasonably be assumed to be north of $50M in ARR at this point in time.
How much has ThousandEyes raised?
Launched in 2010, ThousandEyes has raised $60M in total outside capital. Lad explained that the company is preparing to go public within the next two years in order to develop a stronger brand and build customer confidence.
Lad only believes in raising capital from a position of strength in order to fuel rapid growth and take the business to the next level. He takes pride in operating the company from a profitable position and bringing a bootstrapping mentality to the table.
ThousandEyes’ team of 250 employees is headquartered in San Francisco and other remote locations.