BigPanda, a startup developing AI to audit changes in IT environments and recommend how to fix them, has raised $20 million in an extension of its Series E round. UBS Next and Wells Fargo Strategic Capital contributed to the tranche, bringing BigPanda's total raised to $340 million. The company's valuation remains unchanged at $1.2 billion. As my colleague Christine Hall recently reported, BigPanda works to prevent corporate network outages by analyzing data from observability and monitoring services. The platform can automate aspects of incident response, like ticketing, and optionally connect to third-party runbook automation tools to run automated workflows.

BigPanda, Inc., the leader in AIOps Event Correlation and Automation, launched Unified Analytics, a revamped feature that gives IT Ops teams new self-service analytic capabilities to create new and highly interactive dashboards and reports from complex IT Ops alert data. BigPanda is the only AIOps platform that also delivers a complete library of ready-to-use operational and value dashboards that allow users to rapidly track and measure IT operations KPIs, metrics and value use cases that show the impact of IT Ops improvements to the business. In fact, Gartner in its 2022 Market Guide for AIOps states, "One of the main barriers to implementing artificial intelligence for IT operations (AIOps) platforms is the difficulty measuring their value and a lack of understanding of benefits derived. This is hard to do for several reasons, including IT Ops data that's extremely siloed, gaps in visibility between teams, and difficulty in understanding which KPIs to measure and how they drive business impact." BigPanda's Unified Analytics addresses these challenges with new, out-of-the-box, persona-based dashboards that help IT organizations translate IT Ops metrics into business impact.

The use of Artificial Intelligence has been growing yearly significantly since it was invented. The companies adopting Artificial Intelligence have more significant growth and value. Our first recommendation of the Best AI Companies is coming from European Union. ThreatMark aims to reduce online banking frauds and it currently protecting over 25 M users. Clarifai is aiming at anyone looking to transform their unstructured image, video, and text data into structured data.

AIOps can help IT Ops manage today's considerable challenges of scaling operational practices and exceeding business expectations. Digital transformation is a strategic priority, and that almost always means launching new cloud-native applications, scaling data platforms, and improving employee experiences. At the same time, IT must address more complexities such as supporting legacy enterprise systems, establishing multicloud capabilities, addressing increasing security issues, and responding to global regulations. In other words, business leaders expect IT operations to deliver more capabilities faster, more reliably, and without dramatically adding costs, technical debt, or complicated operating procedures. At BigPanda's Resolve '21 and Pandapalooza, I heard from several leaders paving a new IT operating model based on automation, machine learning, and integrated ITSM workflows while empowering people to make smarter and faster decisions.

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.

BigPanda Inc., provider of the first Autonomous Digital Operations solution, today introduced new capabilities to its cloud platform for IT Operations, including two major product components. First, BigPanda uniquely features Open Box Machine LearningTM, a core component of its platform that offers unrivalled transparency, trust and control to enterprise IT customers. Second, BigPanda's new Unified Analytics offering provides deep insights into the real-time health and performance of IT Operations. BigPanda's Autonomous Digital Operations Platform helps large, global enterprises to lower operational costs, improve service availability and reduce the IT risks associated with digital transformation. BigPanda is the only machine learning solution for autonomous incident management that features an "open" approach.