Boundary snags $22M to beef up R&D and sales

Boundary, the company behind a real-time cloud monitoring service, has raised $22 million in Series C funding. The round was led by Adams Street Partners, plus previous investors. That brings total funding for the company to about $38 million since its founding in 2010.
As more companies deploy their applications in the cloud — or across clouds — being able to pinpoint bottlenecks or other pain points before they become catastrophic is what products like Boundary are supposed to do. In theory, outages like WhatApp’s snafu Wednesday could be prevented by the proactive use of such services.
The Mountain View, Calif.-based company will use the funding to expand its R&D team in Austin and Silicon Valley and to boost sales and marketing in the U.K., said CEO Gary Read (pictured above) via email.
Boundary raised $15 million in Series B funding in July 2012. Other backers include Triangle Peak Partners, Lightspeed Venture Partners and Scale Venture Partners.
The company’s product gives customers second-by-second updates on what’s going on in their networks, including assets running in Amazon(s AMZN) Web Services, Google(s GOOG) Compute Engine etc. Boundary competitors include Datadog, CloudynFinally.ioServer Density, and Stackdriver.
The company claims customers including crm), The Weather Channel, Zendesk, Gilt, Expedia, Infor, Heroku, Websense, HCL Technologies and Rackspace(s rax), for which it says it processes up to 2 trillion metrics every day.