We’ve invested in NetFabric to develop a next-gen community observability platform, tackling the multi-million greenback downtime problem for the world’s largest firms
We first got here throughout NetFabric in April 2024, once we obtained a referral from Thomas Meir at Lightbird (thanks Thomas!). Beni, Tobi and Marlene are the best workforce to resolve this huge downside, so once we later realized that the spherical was being led by Founderful (fka Wingman), Chris reached out to them to see if we might co-lead alongside them.
‘Downtime value’ is the revenue an organization loses when its community stops functioning. Only a few minutes of downtime can lead to multimillion greenback losses for big firms. A one hour outage at Amazon in 2021, for instance, led to $34m in misplaced gross sales. [1]
There are lots of extra examples of different such eye watering losses. Listed here are a couple of NetFabric highlighted of their pitch deck:
Past the instant monetary hit, downtime additionally results in various second-order issues. Extremely expert engineers are tied up in diagnosing and fixing community points, moderately than engaged on tasks that generate income. Frequent or extended downtime can severely hurt an organization’s repute, affecting buyer belief and future gross sales.
One in every of our professional references, eloquently summed up the present state of play as: ‘Monitoring is f**king s**t how it’s atm, all of it requires interpretation’.
Downtime is such a serious problem as a result of present instruments don’t appropriately establish the community points that result in downtime, or give clear insights to resolve them. They merely present alerts — usually primarily based on incomplete data — that also require intensive troubleshooting to search out the basis explanation for the issue. These alerts usually ship engineering groups within the mistaken path with false positives. It’s not unusual for heads of networks and engineers to spend hours, days, and even weeks, coping with unclear alerts, false positives and false negatives.
The issue of community downtime is about to escalate as a consequence of a few components. Hybrid cloud networks and different superior applied sciences are including layers of complexity, making it tougher to take care of seamless operations. And as companies turn into extra depending on their networks, the monetary influence of downtime grows, resulting in much more vital income losses and expensive emergency fixes.
NetFabric seamlessly connects all community knowledge sources, enabling real-time solutions to any network-related query — particularly downtime, and what’s behind it. It makes decision instances a minimum of thrice quicker, and cuts downtime by 70%.
In contrast to different options, NetFabric collects and connects all knowledge sources and observations, discovering not simply the ‘what’ but additionally the ‘why’ behind problematic community behaviours. That is vital as a result of the toughest activity when analysing community points is determining how completely different facets of the community work together. Conventional monitoring instruments wrestle with this problem of reasoning throughout knowledge sources, resulting in inaccurate conclusions and downstream points.
In distinction, NetFabric achieves this by combining the precision of complicated mathematical fashions with the flexibleness of huge language fashions to navigate the flood of incoming observations in a complete method. This ensures that the monitoring course of relies on correct, dependable and full data, bringing community observability to the following degree.
A big and expensive downside, unaddressed by present options
As we’ve lined above, downtime is a major and expensive downside. Engineers spend intensive time coping with alerts that require interpretation, together with false positives and negatives.
Most current community monitoring options are outdated and ineffective at diagnosing issues or recommending options. They usually solely study elements of the community, akin to visitors circulate, moderately than all the community. This incomplete strategy leads to downtime repeatedly taking place, and excessive engineer prices for actions that don’t generate income.
A big market with deep pockets
NetFabric operates on the intersection of AIOps and community monitoring, each of that are quickly rising and extremely enticing markets.
The AIOps market is projected to develop to USD 79.91 billion by 2029, with a compound annual development price (CAGR) of 24.01%. Valued at USD 3.34 billion in 2023, the worldwide community monitoring market is anticipated to achieve USD 8.30 billion by 2032.
The precise founders to resolve this downside
It will be very troublesome to search out one other workforce as properly certified to succeed right here as Beni, Tobi and Marlene. They’re world-class lecturers, but additionally have a nuanced industrial understanding of the problems at hand. They’re supported by a stellar workforce of advisors, together with two professors from ETH and a industrial advisor who’s a serial entrepreneur and exited founder.
Their product relies on years of analysis at ETH, making them considered one of solely a handful of groups globally with such a deep background on this discipline. Being embedded in ETH through advisors and relationships will permit the corporate to entry ETH networks for testing and refining their product. This integration additionally offers a pipeline of world-class expertise and the newest analysis data.
Beni Bichsel (CEO) holds a PhD in Pc Science from ETH Zurich, the place he specialised in decreasing programming complexity throughout numerous domains. His dissertation earned recognition as an excellent contribution in Programming Languages. Along with his deep technical experience and management expertise, Beni is positioned to steer NetFabric’s mission to revolutionize community monitoring.
Tobias Bühler (CTO) accomplished his PhD at ETH Zurich, specializing within the improvement of superior community monitoring instruments utilizing real-world knowledge and collaborating with trade leaders like Swisscom, Benocs, and Google. His capacity to bridge complicated technical ideas with sensible functions ensures NetFabric stays on the forefront of remodeling community monitoring options.
Marlene Brakhane (COO) has led operations, enterprise traces, and strategic initiatives throughout each startup and multi-national company environments. With over 8 years of experience in scaling, remodeling, and efficiently exiting startups from Seed to Collection F, Marlene brings industrial acumen to enhance the deep tutorial backgrounds of the workforce.
This synergy ensures that NetFabric excels at combining technical innovation with efficient enterprise technique.
NetFabric’s pre-seed funding will propel the event of a foundational deep-tech platform geared toward revolutionising community monitoring. Alongside increasing its workforce, NetFabric is actively in search of design partnerships to boost product improvement.
In case you are interested by exploring profession alternatives or discussing potential partnerships, you’ll be able to attain out to the Netfabric workforce instantly right here.
