Monq AIOps SIA Raises $1.5M in Seed Funding

Monq Lab SIA, a Riga, Latvia-based provider of a self-hosted topology-based AIOps incident control and automation platform for the enterprise, raised $1.5M in Seed funding.

The round was led by Ratmir Timashev, former CEO and co-founder of Veeam, and other investors. 

The company intends to use the funds for the expansion of marketing and sales operations in North America and EMEA.

Led by Nikolay Ganyushkin, CEO and founder, Monq provides an AIOps topology-based automation platform that analyzes data from different monitoring systems, automatically discovers topology, controls application and infrastructure health, provides rapid root cause analysis and starts incident remediation processes built on a low-code engine – while doing – all this with security at the forefront. 

The product has a flexible, open and extensible architecture. All connectors and plugins can be easily customized. Customers can build their own integration or use an existing one. Take business processes and services health data from Dynatrace, Instana, AppDynamics or use synthetic tests. Users can discover the topology in less than three (3) minutes from VMware vCenter or Kubernetes, and instantly link it to a modern infrastructure monitoring tool such as Zabbix, Prometheus, DataDog, or other.

The company also provides the Monq Free Community Edition, the free version of its flagship product.

FinSMEs

24/01/2022