Mountain View, CA – According to filings with the U.S. Securities and Exchange Commission, BigPanda is raising $120,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Assaf Resnick played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About BigPanda
BigPanda is the only Event Correlation and Automation platform built for domain-agnostic AIOps. We transform how IT teams prevent outages and resolve incidents by turning data into insights and action. Without BigPanda, IT Ops and DevOps teams struggle with manual and reactive incident response capabilities that are badly suited for the scale, complexity and velocity of modern IT environments. This results in painful outages, unhappy customers, growing IT headcount and the inability to focus on innovation. Fortune 500 enterprises such as Intel, Cisco, United, Nike, Marriott and Expedia rely on BigPanda to prevent outages, reduce costs, and give their teams time back for digital transformation. BigPanda helps organizations take a giant step towards Autonomous IT Operations by turning IT noise into insights and manual tasks into automated actions. BigPanda is backed by top-tier investors including Sequoia Capital, Mayfield, Battery Ventures, Greenfield Partners and Insight Partners.

To learn more about BigPanda, visit http://bigpanda.io/

Contact:
Assaf Resnick, Chief Executive Officer
650-562-6555
assaf@bigpanda.io
https://www.linkedin.com/in/assafresnick/

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