BigPanda, Inc., a San Francisco, CA-based AIOps Event Correlation and Automation company, raised an extension of the funding round announced in January.
New investments came from existing customers UBS’ UBS Next, and Wells Fargo Strategic Capital.
The company intends to use the funds to continue to innovate its AIOps capabilities, increase the size of its R&D, product and machine learning teams, and move forward with strategic acquisitions. BigPanda is already scaling go-to-market activities, as evidenced by newly built-out sales, marketing, customer success and partnership teams, along with a growing presence in EMEA.
Led by Assaf Resnick, co-founder and CEO, BigPanda provides an AIOps Event Correlation and Automation platform, which enables businesses to prevent IT outages, improve incident management and deliver customer experiences.
The platform is used by Fortune 5000 enterprises such as Intel, Cisco, United, Abbott, Marriott and Expedia, among others.
BigPanda is backed by Advent International, Insight Partners, Sequoia Capital, Mayfield, Battery Ventures, Glynn Capital, Mayfield, Greenfield Partners and Pelion.
FinSMEs
18/08/2022