OpsRamp raises $37.5 million to apply AI to DevOps processes

Ever heard of AI for IT management (AIOps)? It's a burgeoning ecosystem of platforms and products that enhance IT operations by leveraging AI to analyze data collected from various tools and devices. OpsRamp is one of the startups leading the charge in what Research and Markets anticipates will be a $14.3 billion segment by 2025. Raju Chekuri and Varma Kunaparaju cofounded the San Jose, California-based company in 2014 with the goal of developing "service-centric" offerings for enterprises, and their investors evidently believe they've achieved that. Today OpsRamp announced the closing of a $37.5 million investment led by Morgan Stanley Expansion Capital, with new investor Hewlett Packard Enterprise.