We’ve invested in NetFabric to develop a next-gen community observability platform, tackling the multi-million greenback downtime challenge for the world’s largest firms
We first got here throughout NetFabric in April 2024, after we obtained a referral from Thomas Meir at Lightbird (thanks Thomas!). Beni, Tobi and Marlene are the best crew to resolve this large drawback, so after 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 price’ is the revenue an organization loses when its community stops functioning. Just some minutes of downtime can lead to multimillion greenback losses for giant firms. A one hour outage at Amazon in 2021, for instance, led to $34m in misplaced gross sales. [1]
There are a lot of extra examples of different such eye watering losses. Listed here are a number of NetFabric highlighted of their pitch deck:
Past the fast monetary hit, downtime additionally results in various second-order issues. Extremely expert engineers are tied up in diagnosing and fixing community points, reasonably 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 knowledgeable 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 significant challenge as a result of present instruments don’t appropriately determine the community points that result in downtime, or give clear insights to resolve them. They merely present alerts — typically primarily based on incomplete info — that also require intensive troubleshooting to search out the basis explanation for the issue. These alerts typically ship engineering groups within the incorrect route 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 result of a few components. Hybrid cloud networks and different superior applied sciences are including layers of complexity, making it tougher to keep up seamless operations. And as companies develop into extra depending on their networks, the monetary impression of downtime grows, resulting in much more important 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 in addition the ‘why’ behind problematic community behaviours. That is necessary as a result of the toughest activity when analysing community points is determining how totally different features 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 approach. This ensures that the monitoring course of is predicated on correct, dependable and full info, bringing community observability to the subsequent stage.
A major and expensive drawback, unaddressed by present options
As we’ve coated above, downtime is a major and expensive drawback. 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 typically solely look at elements of the community, similar to visitors move, reasonably than your complete community. This incomplete method ends in 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 engaging markets.
The AIOps market is projected to develop to USD 79.91 billion by 2029, with a compound annual progress price (CAGR) of 24.01%. Valued at USD 3.34 billion in 2023, the worldwide community monitoring market is anticipated to succeed in USD 8.30 billion by 2032.
The proper founders to resolve this drawback
It might be very tough to search out one other crew as effectively certified to succeed right here as Beni, Tobi and Marlene. They’re world-class lecturers, but in addition have a nuanced business understanding of the problems at hand. They’re supported by a stellar crew of advisors, together with two professors from ETH and a business advisor who’s a serial entrepreneur and exited founder.
Their product is predicated on years of analysis at ETH, making them one among solely a handful of groups globally with such a deep background on this area. 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 most recent analysis data.
Beni Bichsel (CEO) holds a PhD in Pc Science from ETH Zurich, the place he specialised in decreasing programming complexity throughout varied domains. His dissertation earned recognition as an excellent contribution in Programming Languages. Together 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 business 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 strains, 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 Sequence F, Marlene brings business acumen to enrich the deep educational backgrounds of the crew.
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 crew, NetFabric is actively in search of design partnerships to reinforce product improvement.
If you’re serious about exploring profession alternatives or discussing potential partnerships, you’ll be able to attain out to the Netfabric crew immediately right here.