BigPanda Raises Million To Tackle Data Explosion Undermining IT Effectiveness

BigPanda, the data-science platform that turns noisy information technology (IT) data into actionable insights for businesses, announced it has raised $16 million in Series B financing led by Battery Ventures, with participation from existing investors Sequoia Capital and Mayfield. Scott Tobin, general partner at Battery Ventures, will join the company’s board. BigPanda helps companies in a wide variety of industries – from retail to technology to media – drive revenues and keep customers happy by minimizing painful IT service disruptions or preventing them in the first place. Every company today is a software company, and uptime is mission-critical,” said Assaf Resnick, BigPanda’s CEO. “If you’re a retailer and your point-of-sale (POS) system is down, your business is down. If you’re an airline and your reservation system is down, your business…


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