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What does BigPanda do?
BigPanda, is a SaaS platform which makes troubleshooting in complex IT operations environments easy. The company helps NOC, IT and developments operations teams automate and scale incident management in complex production environments. The company’s data science platform brings order to the chaos of information technology alert noise by normalizing and centralizing all of the client’s monitoring alerts from any system, cloud or data center. The alerts that are related are automatically consolidated and correlated into logical incidents. This company enables the information technology teams to view and understand and resolve any critical issues 80-90% faster, and with less resources.
How much Big Panda was funded?
The company raised $5M in Series B on May 17, 2016 from Pelion Venture Partners, Battery Ventures, Mayfield Fund and Sequoia Capital.
Previous funding
$7M in Series A on October 28, 2014 from Mayfield Fund and Sequoia Capital
$16M in Series B on October 1, 2015 from Battery Ventures, Sequoia Capital and Mayfield Fund
What is next for Big Panda?
The company has revealed its new milestones along with its latest funding, demonstrating continued momentum, including increasing its customer base two fold in the last 6 months and signing new strategic partnerships to boost its growth. The company has raised a total of $30 M to date and will use the latest funding for expanding its data science platform for further addressing the data explosion in information technology and growing its team in the US.
More about Big Panda
The company was founded in 2012 by Assaf Resnick. It has its headquarters in Mountain View, California. This platform helps company in many different industries from technology to retail to media, driving their revenues and making customers happy by reducing the painful IT service disruptions or preventing them. The company’s aim is to keep businesses running by improving how their information technology teams manage IT data explosion everyday.
