Tuesday, October 28, 2014

BigPanda Nabs $7M For IT Incident Management Tools

Mountain View-based BigPanda, a developer of IT incidence management tools, said today that it has raised $7M in a Series A funding round. The funding was led by Mayfield, and also included Sequoia Capital. BigPanda says it has now raised $8.5M for its tools. BigPanda was foundd by Assaf Resnick and Elik Eizenberg. The company says it is applying data science to IT incident management, and will use the funding for accelerating its roadmap and growth.