Netuitive Secures $6.5M for Cloud-based IT Analytics Platform

Netuitive this week said it has secured an additional $6.5 million in equity financing to accelerate the go-to-market strategy for its cloud-based IT analytics platform.

The Reston, Virginia-based technology provider that assists enterprises with managing the performance of critical business services and apps said its new product platform enables the cloud delivery of its behavior learning technology for both enterprise IT operations and the growing DevOps community.

MK Capital and Rembrandt Venture Partners led the financing round, with participation of Cross Creek Advisors and Columbia Capital.

Netuitive provides customers with a cloud-based offering focused on businesses hosting on Amazon Web Services (AWS). The company said it plans to expand its portfolio of self-service integrations to include open source monitoring tools used by the DevOps community.

The company also announced that Doug Schrier, a general partner at Rembrandt Venture Partners, has joined Netuitive’s board of birectors. Rembrandt focuses on software as a service (SaaS) with portfolio companies that include Zenprise, Ooyala and Xactly.

“Cloud management is a rapidly growing market and well represented by AWS users that range widely in size,” said Bob Farzami, CEO of Netuitive, in a statement. “Our patented technologies have matured in dozens of Fortune 500 implementations and are now available for self-service use in the cloud.”

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