LiveAction Secures $5.35 Million Series A Financing from AITV and Cisco Investments
Application centric software company focuses on growth in marketing, sales and deployment of new features.
PALO ALTO, California — LiveAction, Inc., an application centric software company combining network and application performance management with powerful visualization, analytics and control today announced it has completed a $5.35 million Series A round of financing. AITV led the investment round with participation from Cisco Investments and Enerdigm Ventures.
“We are pleased to complete our Series A financing,” said Darren T. Kimura, CEO and Chairman of LiveAction. “This provides us the resources to grow and deliver new solutions to our clients as we continue to simplify the network and transition to the cloud.”
The investment will be used to help the company significantly expand its sales and marketing efforts as well as broaden and accelerate product development. AITV General Partner Brian Nugent joins LiveAction’s Board of Directors.
“With a strong technology base, some of the largest companies in the U.S. as customers, and a cornerstone relationship with Cisco, LiveAction is exactly the kind of portfolio company we love. We’re truly excited about the company’s potential,” said Brian Nugent, General Partner of AITV.
Since 2009, LiveAction software has been helping large enterprises manage their networks. LiveAction’s intuitive graphical user interface, deep and rich analytics, and network wide control known as “See. Point. Click. Fix.” allow the combination of network and application management in one integrated product.
“Our investment in LiveAction underscores the market interest in bringing software-defined networking (SDN) to the Wide Area Network (WAN) in large-scale environments,” said Jeff Reed, Vice President of Network Transformation for Enterprise Networks at Cisco. “We’re excited to work together to augment our Intelligent WAN strategy with a unique means for customers to achieve network traffic visibility and centralized control to specific applications.”
Key features of the LiveAction’s intuitive IT management platform include:
- “Satellite” view of end-to-end flows through a single-pane-of-glass
- Zoom-in view of traffic and applications down to end-devices and network queues
- Accurate pin-point diagnosis through diagrams, dashboards, alerts, reports and tables
- Fast troubleshooting of the most difficult and persistent performance issues
- Instant validation of network QoS and policy changes
- Stress-free deployment, configuration and monitoring of Cisco advanced technologies
Download a free trial version of LiveAction software, http://www.liveaction.com.
LiveAction is award-winning software designed to simplify network management. Initially developed to aid the U.S. Department of Defense in the operation of its networks, LiveAction features an innovative visual display, real-time big data analytics for decision-making and deep integration with routers and switches for unparalleled network control. LiveAction accelerates troubleshooting with its QoS control, application-aware, and WAN functionality developed in collaboration with Cisco. http://www.liveaction.com
Founded in 2013, AITV is a US-based venture capital firm with offices in San Francisco, La Jolla and London. AITV invests in early-stage and medium-growth IT software companies that demonstrate tremendous opportunities for growth. With the sole purpose of altering the traditional approach to venture investing we are intentionally singular in our focus around IT Software. AITV applies a thriving engagement engine to our portfolio companies and we’ve developed a strategic ecosystem to ensure US and EMEA commercialization, revenue and exit pathways. http://www.aitv.co