BigPanda, a Mountain View, Calif.-based provider of an incident management platform for IT operations, raised $7m in Series A funding round.
The round was led by Mayfield Fund with participation from Sequoia Capital, which had previously led a $1.5m seed funding. In conjunction with the fuinding, Robin Vasan, managing director at Mayfield, joined the board.
The company plans to use the funding to further accelerate its growth.
Founded in 2012 by Assaf Resnick (CEO) and Elik Eizenberg (VP of R&D), BigPanda provides IT and DevOps teams with a platform to manage and respond to issues they face every day. By using data science, the platform analyzes the flood of alerts that IT teams face every day and clusters them into high-level incidents, and then automates the manual processes involved with detecting, investigating and collaborating around every IT incident.
The company also has offices in Tel Aviv.
FinSMEs
28/10/2014