Mannai Corporation-backed Nexthink, which uses artificial intelligence to monitor and analyse network traffic, has raised $40m to drive international expansion.

Nexthink, a Switzerland-based IT analytics company backed by trading and services firm Mannai Corporation, has raised $40m in a series E round led by venture capital fund Highland Europe.

Waypoint Capital, Auriga Partners and Galeo Ventures also took part in the round, which boosted Nexthink’s funding to $69m to date.

Founded in 2004, Nexthink’s technology relies on artificial intelligence and machine learning to protect company networks, analysing endpoints, users, applications and connections. It was spun out from university École Polytechnique…