Nexthink raises 40 million dollars

14. EPFL spin-off Nexthink has just completed a round of fundraising that brought in 40 million dollars. The company, which specializes in analytical solutions for IT systems, plans to expand its R&D activities and go after the US market and hopes to be listed on Nasdaq within five years. Lausanne-based Nexthink, which was founded in 2004, is going places. After raising 25 million dollars in recent years, it took the company only one round of funding to bring in another 40 million dollars, largely from Geneva-based venture capital firm Highland Europe. Waypoint Capital, Auriga Partners and Galeo Ventures also invested in Nexthink, which aims to expand its R&D department and its operations in the United States. Half of its 220 employees work in the company's headquarters in the Lausanne region.
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