BigPanda News
25 articles
growth-negative
Unicorn BigPanda lays off 13% of workforce | CTech
BigPanda, an Israeli company that develops AIOps event correlation and automation solutions, has laid off around 40 employees, which accounts for 13% of its workforce. The companys CEO, Assaf Resnick, stated that the layoffs were necessary to streamline and restructure the company in response to the current macroeconomic environment. BigPanda aims to ensure a solid financial runway for future investments in the fast-growing enterprise AIOps market. As part of the restructuring, the company has appointed a new Chief Customer Officer and a new Chief Marketing Officer. The layoffs will not impact the companys vision and core product strategy. BigPandas investors include UBS, Wells Fargo, Advent International, Insight Partners, Sequoia Capital, Mayfield, Battery Ventures, Glynn Capital, Greenfield Partners, and Pelion.
Layoffs
growth-positive
How BigPanda is Delivering on the Promise of AI and Automation | Mayfield
BigPanda, an AIops leader, has announced an extension of their $190M funding with investments from UBS Next and Wells Fargo Strategic Capital. The company provides a SaaS platform that automates IT incident management, helping organizations like UBS, Wells Fargo, and Expedia keep up with the changing IT landscape. The funding will be used to accelerate investment in go-to-market capabilities, product, and technology, particularly in AI, predictive, and auto-remediation capabilities. The market for AIOps is accelerating due to enterprise cloud adoption, the digitization of the economy, and the growing acceptance of AI. The CEO of BigPanda advises focusing on culture early on for business success.
Investment
growth-positive
BigPanda extends funding round with $15 million from UBS and Wells Fargo | CTech
BigPanda, an Israeli AIOps platform, has announced an extension of its funding round with $15 million in new investments from existing customers UBS and Wells Fargo. The company previously raised $190 million at a $1.2 billion valuation. BigPanda provides an AIOps Event Correlation and Automation platform that enables IT Operations teams to automate incident management. The funding round in January involved multiple investors, including Advent International, Insight Partner, Sequoia Capital, Mayfield, Battery Ventures, Glynn Capital, Greenfield Partners, and Pelion. Eric Noeth from Advent International will join BigPandas board of directors, and Sanjay Poonen, formerly of SAP and VMware, will join as a strategic advisor.
Investment
growth-positive
Israeli AIOps co BigPanda raises $190m at $1.2b valuation
BigPanda, an Israeli AI for IT operations platform, has completed a $190 million financing round at a valuation of $1.2 billion. The funding will be used to expand product development, R&D teams, marketing and sales network, and for future acquisitions. Sales in 2021 saw a 155% increase from the previous year, and the fourth quarter set new records for customer growth. BigPandas platform helps IT Operations teams automate incident management and keep digital businesses running smoothly. The company was founded in 2012 and is headquartered in Mountain View, California, with a development center in Tel Aviv.
InvestmentExpand
growth-positive
BigPanda Demonstrates Significant Growth and Momentum as Market Increases Demand for AIOps to Support Digital Business
BigPanda announces new integration with ServiceNow, customer wins, and the launch of BigPanda University. The company has added 31 Fortune 500 companies as customers in 2020 and saw a 96% renewal rate across their customer base. The new integration with ServiceNow allows for easily customizable ticketing automation and enhanced administration UI. BigPanda also introduces Integrations Diagnostics to help customers build and troubleshoot custom integrations. Additionally, the company launches BigPanda University, an online resource for users to consume content and learn about incident management workflows. BigPanda will participate in the Gartner IT Infrastructure, Operations & Cloud Strategies Conference to showcase its AIOps-powered solution.
CustomersPartners
growth-positive
BigPanda and Datadog Form Partnership for Integration and Go-to-Market
BigPanda has partnered with Datadog to create a comprehensive solution for monitoring, analytics, and incident management. The partnership includes new integrations between the two platforms, allowing for data-sharing and machine learning-driven root-cause analysis. The integration reduces alert noise and improves incident response time for users. The collaboration aims to serve the needs of joint customers, such as United Airlines, and deliver IT service excellence. BigPanda and Datadog are both SaaS-native, cloud-native solutions built for the modern enterprise. The partnership is expected to have a positive impact on BigPandas growth.
Partners
growth-positive
The Bi-Annual IT Ops Ready Virtual Summit
BigPanda, a provider of Event Correlation and Automation platform, announced IT Ops Ready, a virtual summit taking place on September 30 and October 1, 2020. The summit will feature speakers from IT Ops, DevOps, NOC, and SRE teams discussing their experiences in managing the past six months and preparing for critical projects in 2021. The summit aims to provide insights on staying ready for change, disruption, and the unknown. The event will include keynotes, breakout sessions, networking opportunities, and Q&A sessions with industry thought leaders. BigPanda is backed by investors including Sequoia Capital, Mayfield, Battery Ventures, Greenfield Partners, and Insight Partners.
Partners
growth-positive
BigPanda Supports IT Ops, NOC, DevOps, and SRE Teams As They Maintain Remote IT Operations for Unforeseeable Future
BigPanda has released 14 new integrations that consolidate data from industry-standard enterprise monitoring, change, and topology tools. These integrations make it easier for IT Operations teams to glean insights from data collected across the entire IT stack. The demand for BigPandas platform has increased during the global pandemic, highlighting the companys importance to organizations turning to remote-work policies. Customers, such as Ulta Beauty, have praised BigPanda for its role in transitioning to remote IT operations. The new integrations allow remote IT Ops teams to consolidate 14 new datasets, enabling them to detect incidents in real-time and determine their root cause. BigPanda anticipates continued growth and offers a 90-day IT Ops from Home accelerator program to support organizations in their transition to remote IT Ops.
Customers
growth-positive
BigPanda Invests in Partner Ecosystem to Deliver on Customer Demand for Improved IT Operations
BigPanda has appointed Matt Biehler and Nisa Spyker as Directors of Alliances and Channel Sales to guide the companys growth through partners. The expansion of their partner program aims to address the growing demand for event correlation powered by AIOps. BigPandas partner ecosystem includes Value Added Resellers (VARs), strategic technology partners, Systems Integrators (SIs), and Managed Service Providers (MSPs). The company has hired Biehler and Spyker, who have extensive experience in leading partnership and sales organizations at enterprise software companies. The goal is to offer a single solution to customers that need to achieve operational and cost efficiencies while driving growth. BigPandas ecosystem makes it easier for partners to integrate with current technology stacks and deliver rapid time to value.
Partners
growth-positive
BigPanda Emerges as Leader in GigaOm Radar for AIOps Report
BigPanda, provider of the first Autonomous IT Operations platform, has been recognized as the AIOps platform leader in the GigaOm AIOps Radar. The report highlights BigPandas ability to integrate other operations tools and support DevOps, as well as its strong market impact and event correlation capabilities. BigPandas Open Box Machine Learning allows users to correlate large amounts of data from IT systems. The company is rated highly in key areas such as proactive self-healing, learning system, integration with the enterprise, end-user monitoring, and application monitoring. BigPanda is backed by investors including Sequoia Capital, Mayfield, Battery Ventures, Greenfield Partners, and Insight Partners.
PartnersExpand
growth-positive
BigPanda Forms Field CTO Office, a Trusted Advisor for Customers and Partners
BigPanda has announced the establishment of the Field CTO Office, led by Scott Stradley and Jason Walker, to provide leadership and advice for customers in navigating the complex IT environment. The Field CTOs will focus on improving scalability, service availability, and reducing resource usage. The office will collaborate with partners and customers to provide guidance and support for effective modernization. BigPanda aims to offer pragmatic and contextual advice to IT teams as they anticipate business-continuity demands. The company plans to feature a wealth of information from the Field CTOs, including CTO Perspectives and a webinar series called IT Ops Demystified. BigPanda is backed by investors including Sequoia Capital, Mayfield, Battery Ventures, Greenfield Partners, and Insight Partners.
CustomersPartners
growth-positive
Join BigPanda as It Hosts "The Face of IT Ops From Home" Virtual Summit
BigPanda, provider of the first Autonomous IT Operations platform, announced The Face of IT Ops from Home, a virtual summit taking place on April 30. The summit will feature speakers from leading organizations and industry experts who will share new perspectives and best practices for IT Ops, DevOps, and SRE teams struggling with IT business continuity, remote operations, and outages. Attendees will receive an offer for the recently announced 90-day IT Ops from Home plan. BigPanda helps IT Ops, NOC, and DevOps teams detect, investigate, and resolve IT incidents and outages. The company is backed by investors including Sequoia Capital, Mayfield, Battery Ventures, Greenfield Partners, and Insight Partners.
PartnersCustomers
growth-positive
BigPanda Free 90-Day "IT Ops From Home" Program Helps Businesses Maintain Service Reliability with Remote IT Operations
BigPanda, provider of the first Autonomous Operations platform, has announced a free 90-day accelerator program called IT Ops from Home. The program offers IT Ops, NOC, DevOps, and SRE teams access to BigPandas event-correlation and incident-automation platform with no obligation after the 90-day period. The program aims to help teams struggling with multiple monitoring tools, duplicate alerts, hard-to-identify root causes, lack of automation, and minimal situational awareness. It also supports organizations working from home and struggling to maintain high service availability. The program includes benefits such as no-cost access to BigPandas core platform, out-of-the-box integrations, onboarding experience, free support, and training. BigPanda hopes to assist IT Ops teams in keeping mission-critical services available during the COVID-19 crisis.
CustomersPartners
growth-positive
BigPanda AIOps Adds Root-Cause Changes To Speed Incident and Outage Resolution
BigPanda has released an AIOps update that aims to help teams detect and resolve issues in cloud-native and hybrid environments more quickly. The update includes features such as Root Cause Changes, Real-time Topology Mesh, and response-optimized AI/ML. The improvements address the challenges faced by enterprises using traditional legacy IT operations tools and root cause analysis techniques. BigPandas update leverages AI/ML to speed up detection, investigation, and resolution, reducing mean time to resolution (MTTR). The platform integrates with third-party tools like JIRA, Jenkins, Ansible, and ServiceNow to aggregate data and provide a holistic view of incidents. The updated AIOps platform is available now.
Customers
growth-positive
IT Management Company BigPanda Raises $50 Million
IT management company BigPanda Inc. has raised a $50 million series C funding round. The funding brings BigPandas total equity raised to date to more than $120 million. The company plans to use the funding to hire an additional 30 people.
InvestmentExpand
growth-positive
BigPanda Announces Immediate Availability on AWS Marketplace
BigPanda Inc., a leader in AIOps, has announced that it is now available on AWS Marketplace. This move allows organizations to adopt AIOps more easily. BigPanda is co-hosting a webinar with AWS to showcase its support for enterprises migrating to AWS. The company leverages machine learning to automate IT incident management and unify fragmented IT operations. BigPanda is powered by AWS and utilizes several AWS services to meet the needs of its customers. The article highlights the value of BigPanda for enterprises migrating to AWS and emphasizes the rapid time-to-value it offers for IT Ops, NOC, and DevOps teams.
Partners
BigPanda Launches New Capabilities of Its Flagship Autonomous Digital Operations Platform
growth-positive
BigPanda Announces Significant Customer Adoption and New Executive Appointments
BigPanda Inc. has achieved significant customer adoption and business growth. The company experienced a 751 percent increase in total bookings over the past fifteen months and closed multi-million dollar contracts with large enterprises. They have also appointed Bryan Dell as Chief Revenue Officer and Steven Walske as an independent Board Member. BigPandas platform has been adopted by major enterprises across various industries for IT incident management. Customers have seen benefits such as retiring legacy systems, high correlation rates on alert volumes, and reduced mean-time-to-resolution of IT incidents. Bryan Dells role is to drive global market expansion, while Steven Walske brings his expertise in scaling technology companies. BigPanda aims to continue delivering on their vision of autonomous IT operations through machine learning.
CustomersPartners
growth-positive
BigPanda Becomes First Algorithmic Service Operations Platform Provider to Achieve SOC 2 Type II Security Attestation
BigPanda Inc. has successfully completed the SOC 2 Type II audit and attestation, becoming the first Algorithmic Service Operations platform provider to achieve this milestone in data security, availability, and confidentiality. The final report provides assurance to BigPandas enterprise IT customers regarding the security, availability, and confidentiality of its products and infrastructure. In addition to SOC 2 compliance, BigPandas platform features enterprise-class security controls. The company is committed to maintaining the highest level of security and is already undergoing an annual review for continued SOC 2 compliance in 2018.
Customers
BigPanda Expands Series B Funding to $49 Million
growth-positive
BigPanda Wants to Help Prioritize Alerts that Matter Most
BigPanda is a company that offers an event correlation platform to help IT professionals prioritize and address issues. The platform aggregates and correlates logging and alert data from various sources, allowing users to focus on the alerts that matter. The CEO of BigPanda, Assaf Resnick, explains that the platform aims to deliver speed and agility in addition to reliable uptime. The company works with other platforms like New Relic and Splunk to normalize and correlate data, reducing the number of alerts to a manageable level. Playtika, a digital gaming company, is one of BigPandas customers and has benefited from the platforms ability to centralize monitoring tools and quickly detect problematic issues. The article highlights the importance of effective monitoring and alerting in maintaining a stable and secure IT environment.
CustomersPartners
growth-positive
Israeli big data co BigPanda raises further $5m
Israeli big data startup BigPanda has raised an additional $5 million in its Series B financing round, bringing the total to $21 million. The company has doubled its customer base in the last six months and signed new strategic partnerships. BigPanda plans to use the funding to expand its data science platform and grow its US team. The company aims to help IT Ops teams detect and resolve issues quickly to prevent service downtime and improve customer satisfaction.
InvestmentCustomersPartnersExpand
growth-positive
Gartner Names BigPanda An IT Tools Cool Vendor - BigPanda
BigPanda has been selected as a Cool Vendor in Availability and Performance by Gartner. The company has experienced incredible growth and added new clients, including Cisco, Gap, Autodesk, and NewsCorp. BigPandas platform positively impacts clients by solving the pain resulting from the scale, complexity, and speed of modern IT systems. The companys goal is to make it easy for businesses to detect and resolve IT issues quickly. Gartners recognition validates BigPandas unique approach to improving the health of modern applications.
Customers
growth-positive
Israeli IT alert co BigPanda raises $16m
BigPanda, an Israeli IT alert company, has raised $16 million in funding led by Battery Ventures. The company has developed management tools to handle IT breakdowns in organizations and has raised a total of $25 million to date. Battery Ventures partner Scott Tobin has joined BigPandas board of directors. The company plans to hire 40 new employees, with 15 of them in Israel, to expand its data science platform. BigPandas clients include Cisco, Paypal, Gap, and WIX. The company aims to quickly detect and resolve IT issues to minimize downtime and maximize customer satisfaction.
InvestmentExpand
growth-positive
Startup BigPanda Emerges to Shed Light on IT Incidents
BigPanda, a startup that offers a cloud-based software-as-a-service model for helping enterprises understand IT incidents, has raised $7 million in a Series A funding round. The company aims to help organizations handle the deluge of incident logs and data generated in a modern enterprise to better correlate and understand the information to help fix problems and improve efficiency. BigPandas technology includes a clustering capability that enables users to map out the different relationships between their enterprise systems. The company plans to grow its sales and marketing team and continue to focus on technology innovation.
Investment
