Virtana, a San Jose CA-based provider of AI-driven monitoring solutions for hybrid cloud management, raised $73m in funding.
The round was led by Atalaya Capital Management, Elm Park Capital Management, HighBar Partners, and Benhamou Global Ventures.
The company intends to use the funds to accelerate growth, support the continued innovation in the AIOps market and further bolster position within the $30+ billion IT operations management software market.
Led by Kash Shaikh, President & CEO, Virtana provides a platform for managing application workloads across public, private, hybrid, and multi-cloud environments. Using artificial intelligence for IT operations (AIOps) technologies, including machine learning and advanced data analytics, the cloud-agnostic platform provides intelligent observability into which workloads to migrate. It also ensures that unexpected costs and performance degradation are avoided once workloads are operating in the cloud. It enables enterprises to speed cloud adoption and reduce cloud operating costs by simplifying management of their IT environments.