HeadSpin: $60 Million Funding, Nikesh Arora Joins Board, $1.16 Billion Valuation

By Amit Chowdhry ● February 27, 2020
  • HeadSpin, a company known for ensuring flawless connected experiences enabled by the web, mobile, IoT and 5G, announced it raised $60 million

HeadSpin — a company that is known for ensuring flawless connected experiences enabled by the web, mobile, IoT and 5G — announced a $60 million Series C funding round led by Dell Technologies Capital and ICONIQ Capital with participation from institutional investors Tiger Global Management, Kearny Jackson, and Alpha Square Group.

A number of prominent angel investors, including LinkedIn’s Jeff Weiner, We’s Shiva Rajaraman, Calm’s Alex Will, Notion’s Akshay Kothari, Bumble’s Derek Callow, Caviar’s Gokul Raja-ram, Uber’s Manik Gupta, Stripe’s Amber Feng, Facebook’s Kevin Weil and Andrea Moore, OpenDoor’s Sheila Tran, AngelList’s Sunil Pai, Supercast’s Jason Sew Hoy, mParticle’s Michael Katz, SVB’s Cheryl Sew Hoy, Airbase’s Thejo Kote, Spotify’s John Bonten, Twitter’s Lisa Kleinsorge, and Pinterest’s Ali Altaf also joined the round.

Including this round of funding, Headspin has raised a total of $117 million since it was founded. And HeadSpin will use the funding to develop new product offerings, expand into new market segments, and deepen position within cloud ecosystems.

Plus HeadSpin also announced that Nikesh Arora, Chairman CEO of Palo Alto Networks, has joined the company Board of Directors as Chairman of the Board. Arora is also the former Chief Business Officer at Google — who most recently served as President and COO of SoftBank prior to joining Palo Alto Networks.

In understanding that connected experiences enabled by web, mobile, IoT, and 5G technologies have become the primary point of interaction between companies and their customers, HeadSpin has built the world’s first Connected Intelligence Platform to unify testing, monitoring and analytics across applications, devices, and networks. And this enables companies to optimize the functionality and performance of connected experiences throughout the development lifecycle and across the increasingly complex ecosystem of software and infrastructure used to reach today’s global audiences.

HeadSpin has doubled its annual revenue year-over-year and is now used by over 1,000 enterprise customers and telco operators since the company launched in 2015. And new HeadSpin’s enterprise customers include Microsoft, Tik Tok, Bandai Namco Studios, Yahoo!, Uber, DeNA, AirBnB, Kohls, ByteDance, BYJUs, Optus, Australian Post, Telefonica, and Walmart.

Key Quotes:

“HeadSpin’s extraordinary technology has broken barriers and redefined the frontier of testing, monitoring, and analytics across devices, locations and networks to understand a customer’s connected experience. This means business, development, devops, and product teams can finally be on the same page and focus on what matters most: delivering high quality, innovative digital experiences enabled by web, mobile, IoT, and 5G,” said Nikesh Arora.

“HeadSpin has achieved remarkable results in only four years,” said Deepak Jeevankumar, Managing Director, Dell Technologies Capital. “Not only has the team managed exceptional sales execution, but it created a new solution category that is now the standard for how the best consumer and enterprise G2000 companies ensure top-notch connected experiences for their users and customers. HeadSpin today is one of the fastest-scaling software companies I’ve seen in my 10 years of investing and has truly exceptional growth potential.”

“HeadSpin is well-positioned to take advantage of this huge market opportunity as enterprises transition to providing higher-quality digital and mobile experiences.” said Manish Lachwani, CoFounder and CEO, HeadSpin. “We’re privileged to be able to grow the company with our excellent team, partners and investors.”