IT Management Company BigPanda Raises $23 Million
Greenfield Partners, a joint venture between global asset firm TPG's investment arm TPG Growth and Israel-born entrepreneur Yuda Doron, led the funding round
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Established in 2012 and headquartered in Mountain View, California, BigPanda's service uses machine learning to aggregate multiple data sources and alerts into specific, manageable issues for enterprise IT teams. Customers include Intel, management software distributor Workday Inc., Turner Broadcasting, Macy’s and Cisco, among others.
The company employs around 80 people, according to LinkedIn data.
“Across industries and geographies, companies are searching for ways to efficiently and accurately keep up with the growing demands of managing modernized data centers," said Greenfield partner Shay Grinfeld.
“IT Service Operations teams - whose job it is to manage mission-critical applications and infrastructure - struggling to catch up and keep their businesses running smoothly,” said BigPanda CEO Assaf Resnick.
The company intends to use the current funding to expand their business and product development.