Late filer BigPanda files details on its $16 million financing
XDATA - February 5th 2016
Late filer BigPanda raised $16 million from four financial backers almost six months ago according to information disclosed by the company. The non-brokered equity offering was fully subscribed. No offering was previously initiated by the company under a registration exemption with the SEC.
BigPanda markets and develops a data science platform that centralizes and correlates all IT alerts. IT teams can detect and resolve critical issues faster by using data science to correlate massive volumes of daily IT alerts from fragmented clouds, applications, services and systems, and automatically turning them into actionable insights. Investors include Sequoia Capital, Mayfield, and Battery Ventures.
The company, headquartered in Mountain View CA, is led by Assaf Resnick (President and CEO). BigPanda elected to keep its revenues undisclosed. The board of directors includes Robin Vasan, Scott Tobin and Shmuel Levy.
Offering recap Status: Completed Company: BigPanda Industry: Other Technology Amount offered: $16 million Amount placed: $16 million SEC filing: Source First sale: 08-10-2015 Data as of: 12-29-2015