BigPanda, a Palo Alto, CA-based alert correlation platform that turns IT data and alerts into consolidated insights for businesses, raised an additional $5m in Series B financing.
The round, which now totals $21m, included participation from Sequoia Capital, Battery Ventures, Mayfield and new investor Pelion Venture Partners.
The company, which has now raised $30m in total to date, intends to use the funds to expand its data science platform.
Founded in 2012 and led by Assaf Resnick, CEO, BigPanda uses data science to analyze massive volumes of IT alerts from fragmented clouds, applications and systems and turn them into actionable insights for IT teams in a wide variety of industries, from retail to technology to media.
Customer include leading companies such as Gap, News Corp, Caesars, PayPal and Wix.