AIOps Platform Selector Raises $28M Series A

Selector, an AIOps, analytics and observability platform provider, has announced it raised $28 million in a Series A funding round, bringing its total funding to $33 million. Selector will use these new funds for its market strategy and expansion in North America and investment in R&D. AIOps technology uses artificial intelligence to automate IT operations. According to a report by Allied Market Research, the AIOps market was valued at $26.33 billion in 2020 and will grow to $644.96 billion by 2030. Datanami has previously reported on the white-hot AIOps and observability market driven by IT professionals buried in metric, event, log, and trace (MELT) data from increasingly complex applications and pipelines.