PagerDuty, a San Francisco, CA-based digital operations management platform provider, closed a $90m Series D funding round.
The investment brought total amount of capital raised to $173m and raised the value of the company to $1.3 billion.
The round was led by funds and accounts managed by T. Rowe Price Associates, Inc. and Wellington Management, with participation from existing investors Accel, Andreessen Horowitz, and Bessemer Venture Partners.
The company intends to use the funds to continue investments in innovation and to expand the reach of its platform globally.
Led by Jennifer Tejada, CEO, PagerDuty provides an artificial intelligence and machine learning digital operations management platform for organizations to improve digital operations, drive revenue, mitigate threats, and protect assets.
- gathers and analyzes incoming digital signals from its ecosystem of over 300 of the world’s most used monitoring tools, ticketing platforms, and applications such as Slack, AppDynamics, New Relic, Amazon CloudWatch, Zendesk, and ServiceNow,
- leverages nine years of machine and human response data,
- applies artificial intelligence to these signals in the context of human response patterns to orchestrate teams across the organization, automate workflows, and coordinate response, and
- predicts how and when events may occur, enabling teams to proactively take immediate action to not respond to events and prevent business-critical issues.
The company currently serves over 10,500 customers, including enterprises such as IBM, GE, Capital One, American Eagle Outfitters, Pitney Bowes, Box, and ING—and small to midsize organizations around the world. It has over 450 employees and offices in San Francisco, Toronto, Seattle, London, and Sydney.