Cloud IT-monitoring company Dataloop raises $5 million

Cloud IT-monitoring company Dataloop has raised $5 million in Series A financing from Battery Ventures and Open Ocean, a European early-stage venture capital firm.

Dataloop.IO, whose product is already in use with customers such as, BBC Worldwide and Criteo, says the company, will use the funds to ramp up product development, sales and marketing.

The company is also opening a new headquarters in San Francisco.

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