Selector, a Santa Clara, CA-based network AIOps company, has raised $33 million in a Series B funding round, bringing its total funding to over $66 million.
Investors
The round was led by Ansa Capital, with participation from existing investors Two Bear Capital, Atlantic Bridge, and Sinewave Ventures, as well as AT&T Ventures, Bell Ventures, Singtel Innov8, and Hyperlink Ventures.
Ansa Capital is a New York City-based venture capital firm that invests in enterprise software companies at the forefront of new markets, systems, and optimized distribution models.
Selector Use of Funds
The company will use the funding to accelerate the development of its AIOps, LLM, and Digital Twin technologies, as well as expand its global presence in markets such as the US, Canada, Europe, Singapore, India, and Japan.
About Selector
Founded by Kannan Kothandaraman and Nitin Kumar, Selector provides an AIOps (Artificial Intelligence for IT Operations) solution designed to give large enterprises full visibility and actionable insights into their complex networks, infrastructure, and applications. The company leverages AI, machine learning, and advanced technologies like Large Language Models (LLMs) and Digital Twins. Selector's technology is already deployed by some of the largest telecommunications and enterprise companies.
Funding Details
Company: Selector Software, Inc.
Raised: $33.0M
Round: Series B
Funding Date: November 2024
Lead Investor: Ansa Capital
Additional Investors: Two Bear Capital, Atlantic Bridge, Sinewave Ventures, AT&T Ventures, Bell Ventures, Singtel Innov8, Hyperlink Ventures
Company Website: https://www.selector.ai/
Software Category: AIOps Solutions
Source: https://www.businesswire.com/news/home/20241119934906/en/