It’s a great day to be a Panda.
I am excited to announce today that BigPanda has secured $190 million in financing at a $1.2 billion valuation. This financing was led by Advent International and Insight Partners, together with our other existing investors.
BigPanda is now officially a unicorn, and the clear leader in the rapidly growing AIOps market!
Keeping the digital economy running
Today is a great day not only for BigPanda employees and investors, but especially for our customers – IT Ops teams whose job it is to keep the digital economy running. The scale and complexity of the digital economy is rapidly growing, while – at the same time – enterprise adoption of cloud computing has reached a tipping point. Together, these two trends have generated a tsunami of IT data that is overwhelming the ability of IT Ops teams to keep their businesses running smoothly. That’s why IT Ops teams at the world’s largest enterprises are turning to BigPanda for AI-powered insights and automation.
Accelerating our growth and product leadership
Today is an inflection point for BigPanda. This financing enables us to dramatically accelerate our growth and take our best-in-class AIOps capabilities to the next level. There is much to do:
- Expand our product differentiation through strengthening our machine learning capabilities and expanding automation across broader aspects of the Incident Management lifecycle. To do this, we will increase the size of our Product, R&D and Machine Learning teams, as well as make strategic acquisitions of companies that can augment our offering.
- Accelerate our product velocity by introducing self-service capabilities that will make it easier and faster for customers to adopt BigPanda.
- Turbocharge our brand and awareness to ensure that the AIOps category is top of mind for all digital enterprises.
- Scale our go-to-market machine to accelerate BigPanda’s market penetration across the globe.
Thank you to Team Panda!
Thank you to all the Pandas for your passion and determination – it’s the rocket fuel that powers our success. I feel blessed to work with such amazing team members.
One thing that will definitely not change in the next chapter of BigPanda’s growth is our unique culture. We live our values every day. We treat each other with kindness and compassion. We work hard to succeed, yet we take care to enjoy each others’ company along the way. We do right by our customers, and we keep their success as our top priority.
Together, I know that we will achieve so much more in the years to come.
Become a Panda!
If you want to work for a company that has a real mission, appreciates your passion and has values that resonate with you, then join our team! We are hiring for many positions across the US, Israel and Europe.