Today at Structure 2013, ThousandEyes, who provides IT performance management for the cloud era, announced that it has partnered with Sequoia Capital and raised $5.5 million in Series A funding from Sequoia and prominent Silicon Valley angel investors. The company plans to use the funding to further accelerate its roadmap and growth.

"Enterprises adopting cloud applications are now reliant on networks outside their environment which they have no visibility into, making it extremely hard for IT teams to understand what is causing service degradations," said Mohit Lad, co-founder and CEO of ThousandEyes. "We have developed unique technology that addresses gaps with legacy tools and are excited to officially launch today and enter into the next phase of our company's growth."

ThousandEyes emerged from stealth today and launched a new product that, for the first time, provides detailed visibility into the performance of cloud applications and helps IT teams resolve problems quickly. ThousandEyes customers include members of the Fortune 500, Equinix, Evernote, Priceline, ServiceNow, Twitter, Zendesk and Zynga. To read the press release, visit http://blog.thousandeyes.com/thousandeyes-emerges-from-stealth-launches-performance-management-for-the-cloud-era.

"Cloud services are fundamentally altering enterprise IT and the next wave of adoption is creating new opportunities for innovation," said Luis Robles, a partner at Sequoia Capital and a member of ThousandEyes' board. "We were captivated by the domain expertise of the founding team, impressed by the quality of customers that have quickly integrated the product into their daily operations, and are excited to partner with the company."

To read Mohit's blog on today's news, go to http://blog.thousandeyes.com/thousandeyes-launch.

About ThousandEyes ThousandEyes provides IT performance management for the cloud era. The company's solution provides detailed visibility beyond the corporate network perimeter, identifies the root cause of performance problems with cloud applications and enables distributed collaboration to resolve problems quickly. ThousandEyes is backed by Sequoia Capital and headquartered in San Francisco, CA. For more information, visit http://www.thousandeyes.com or follow on Twitter at @ThousandEyes.

About Sequoia Capital Sequoia Capital helps founders turn imaginative ideas into enduring companies. As the "Entrepreneurs Behind the Entrepreneurs," the Sequoia team has worked closely with legendary founders such as Steve Jobs of Apple, Larry Ellison of Oracle, Len Bosack and Sandy Lerner of Cisco, David Filo and Jerry Yang of Yahoo!, Max Levchin, Elon Musk and Peter Thiel of PayPal, Sergey Brin and Larry Page of Google, Steve Chen and Chad Hurley of YouTube, and Reid Hoffman and Jeff Weiner of LinkedIn. Sequoia is now helping the next generation of innovators build the lasting companies of tomorrow. For more information, go to http://www.sequoiacap.com.