Cytowski and Partners has advised Czech Republic-based automated network assurance platform IP Fabric on its USD 25 million Series B financing led by One Peak and including Senovo and Presto Ventures. Goodwin Procter advised One Peak.
Based in Prague and New York with offices in London, IP Fabric describes itself as helping "companies empower their network engineers to discover, verify, and document large-scale enterprise networks within minutes. IP Fabric automates network infrastructure data collection and provides predefined verifications that highlight inconsistencies, misconfiguration, and issues within enterprise networks."
One Peak is a technology-focused growth equity investment firm in London.
According to Cytowski and Partners, the financing round "is aimed at strengthening and expanding IP Fabric’s market position. The company will use the funds for its global growth. It had previously secured funding from Senovo, Credo Ventures, and several CEE angel investors."
"Without network assurance, we are leaving network resilience to chance," IP Fabric CEO Pavel Bykov commented. "We've seen how network outages can cause businesses and critical infrastructure to grind to a halt but, amidst rising complexity and the need to ensure control in the face of rising cyber threats while adhering to regulatory compliance, enterprises lack the means to assure operations for their entire network end-to-end. Organizations must act now because building operational control without a validated baseline provided by network assurance will lead to gaps and unknown unknowns."
The Cytowski and Partners team included Of Counsel Michal Fert, Associates Eresi Tracy Uche and Heidi Fan, Law Clerk Fabiana Morales Centurion, and Trainee Associate Kunal Kolhe.