Thursday, November 2, 2017

BigPanda Ups Series B To $49M

Mountain View-based BigPanda, which develops software to automate the IT services of large enterprises, has added another $23M in its Series B funding, bringing that round to $49M, the company said on Wednesday. The additional funding came from Greenfield Partners, and also included existing investors Sequoia Capital, Battery Ventures and Mayfield. Greenfield is backed by TPG Growth. BigPanda's CEO is Assaf Resnick; the company helps IT services teams better manage alert traffic and incidents.