NetFabric funding news – Swiss-based NetFabric Raises $2.2 Million in Pre-Seed Funding
Jul 23, 2024 | By Startup Rise EU
![NetFabric, an ETH Zurich spin-off pioneering advancements in network observability, raises $2.2 million in pre-seed funding. Founderful, which made investments in Axmed and imitate, and Playfair Capital, which made investments in Nory and Qureight, headed the round.](https://startuprise.co.uk/wp-content/uploads/2024/07/Swiss-based-NetFabric-Raises-2.2-Million-in-Pre-Seed-Funding.webp)
NetFabric, an ETH Zurich spin-off pioneering advancements in network observability, raises $2.2 million in pre-seed funding. Founderful, which made investments in Axmed and imitate, and Playfair Capital, which made investments in Nory and Qureight, headed the round.
SUMMARY
- NetFabric, an ETH Zurich spin-off pioneering advancements in network observability, raises $2.2 million in pre-seed funding.
- Dr. Tobias Bühler and Prof. Laurent Vanbever, who have each spent ten years conducting research on computer network analysis, formed NetFabric.
The $197 billion industry is becoming more and more reliant on reliable network performance, and the investment will propel the development of NetFabric's network observability platform to fulfil these demands. The business will simultaneously invite prospective design partners to get in touch in order to collaborate, while also concentrating on growing its staff and hiring people for important positions.
Even if the network monitoring sector continues to face difficulties, downtime is still a major problem for businesses all over the world. Network outages have crippling financial consequences; even brief interruptions can result in losses of millions of dollars.
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For example, in 2021, Amazon recorded a $34 million revenue loss due to a single hour of outage. In addition to costing money, downtime ruins operations, entails expert engineers in troubleshooting duties, and erodes client confidence.
Because of this, extensive manual troubleshooting is frequently required to identify the underlying causes of issues, necessitating a significant amount of work on the part of engineers to interpret alarms and navigate deceptive signals. This increases operational inefficiencies and lengthens downtime.
About NetFabric
Dr. Tobias Bühler and Prof. Laurent Vanbever, who have each spent ten years conducting research on computer network analysis, formed NetFabric. In contrast to conventional approaches, NetFabric creates a cohesive knowledge base by seamlessly combining observations from a variety of network sources, including routing data, forwarding tables, device configurations, and logs.