BigPanda Extends Funding Round

by Kay Aloha Villamor in August 19th, 2022

BigPanda, a San Francisco, CA-based leader in AIOps Event Correlation and Automation, announced an extension of the funding round the company announced in January

The investments in BigPanda have been made through UBS Next, UBS’s venture and innovation unit, and Wells Fargo Strategic Capital.

This latest infusion of cash will allow BigPanda to continue to innovate its best-in-class 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.

Company: BigPanda, Inc.

Raised: Undisclosed

Round: Series D Ext.

Funding Month: Aug 2022

Lead Investors: UBS’s venture and innovation unit, and Wells Fargo Strategic Capital

Additional Investors: 

Company Website: https://www.bigpanda.io/

Software Category: AIOps Event Correlation and Automation platform 

About the Company: Founded in 2011 by CEO Assaf Resnick and Elik Eizenberg, BigPanda is the only Event Correlation and Automation platform built for domain-agnostic AIOps, BigPanda keeps businesses running with AIOps that transform IT data into insight and action. With BigPanda’s AIOps platform, businesses prevent IT outages, improve incident management and deliver extraordinary customer experiences. Without BigPanda, IT Ops, NOC, and DevOps teams struggle with a tsunami of data and the highly manual, reactive scale, complexity, and velocity of modern IT environments. This results in painful outages, unhappy customers, a growing IT headcount, and the inability to focus on innovation. BigPanda’s AIOps Event Correlation and Automation platform helps Fortune 500 enterprises such as Intel, Cisco, United, Abbott, Marriott, and Expedia take a giant step toward Autonomous IT Operations. The company has offices in Tel Aviv, the U.S., and London, and currently employs 350 people, 115 of them in Israel.


Source: https://www.bigpanda.io/press-release/bigpanda-extends-funding-round-with-investments-from-ubs-next-and-wells-fargo-strategic-capital/



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