OpTier, a New York, NY-based developer of analytics-driven, SaaS Application Performance Management (APM) and transaction-based Big Data Analytics, secured $8m in funding.
The round was led by Pitango Venture Capital, with participation from Viola Group and Gemini Israeli Funds.
The company intends to use the funds to continue to grow in the application monitoring and data analytics space.
Led by Mark Thompson, CEO, OpTier offers a cloud-based APM solution that allows application owners, quality assurance (QA) professionals, DevOps teams, and IT operations managers to proactively detect and resolve Java, .NET and PHP applications application problems before they affect the business and customers.
The company recently launched OpTier SaaS, the cloud-based version of its on-premise APM and IT Operations Analytics (ITOA) solution.
Customers include businesses such as Aflac, Deutsche Bank, HSBC, Morgan Stanley, O2 and Wells Fargo.