Data science company BigPanda has raised $7 million in a Series A round of funding. The investment was led by Mayfield Fund with participation from Sequoia Capital, which previously led a $1.5 million seed round. This brings the company’s total funding to $8.5 million to date.
BigPanda uses data science to automate and streamline incident management. The company says it analyzes the flood of alerts that IT, NOC & DevOps teams face everyday and clusters them into high-level incidents, automating the manual processes involved with detecting, investigating and collaborating around every IT alert.
[Image courtesy: BigPanda]