Global Big Data Conference

Tech investors are betting that automated IT operations will be among the first significant enterprise applications for AI. Artificial intelligence for IT operations, or AIOps, and the application of machine learning to data is beginning to attract venture capital as investors look for nuts-and-bolts automation applications that will deliver quick returns on investment. The latest beneficiary is BigPanda, an autonomous operations startup, which this week announced a $50 million funding round. The Series C investment will be used to extend its "open" AIOps platform from IT and network operations through to DevOps teams. BigPanda, Mountain View, Calif., said the round was led by Insight Partners, with participation from existing investors Sequoia, Battery Ventures and Mayfield Fund.