Loom Systems, a San Francisco, CA- and Tel Aviv, Israel-based provider of AI-powered log analysis software platform, secured $6M in Series A funding.
The round was led by Jerusalem Venture Partners (JVP), with participation from Meron Capital and 31Ventures Global Innovation Fund managed by Global Brain Corporations.
The company intends to use the funds to expand sales and marketing, grow international operations and develop its partnership ecosystem.
Launched in 2015 Led by Gabby Menachem, CEO, Loom Systems analyzes logs and semi-structured machine data for immediate visibility into a company’s digital environment to solve IT and OT problems in real-time. It does it by leveraging a combination of machine learning technologies to provide predictive insights and a virtual personal assistant recommendation back engine, called Sophie. Via on-premises or SaaS deployment, Loom Systems generates insights from raw data and with zero configuration or maintenance, including support for homegrown applications.
Clients include Citrix, Amdocs, Clal Insurance, RevTrack, etc.
FinSMEs
03/05/2017