BOCA’s newest client,
SF-based PagerDuty,
the leader in operations performance management, recently raised $27.2M in
Series B with the goal of becoming the hub of every company’s operations. The
round was led by Bessemer Venture Partners, and joined by previous investors
Andreessen Horowitz, Baseline Ventures and Harrison Metal. Trevor Oelschig of
BVP has joined PagerDuty’s board of directors. PagerDuty will use the funds to
fuel product development and accelerate hiring across several departments.
According to Co-founders CEO
Alex Solomon and CTO Andrew Miklas, PagerDuty chose Bessemer to lead the
funding round because not only are they the cloud and SaaS go-to-market model experts,
but they are also “data geeks like us … who share the values and passion for
the problem we’re solving.”
Founded in 2009 by Amazon
engineers and Y Combinator veterans, Solomon and Miklas, joined by Baskar
Puvanathasan, PagerDuty enables business continuity, increases software
reliability, and makes life better for those IT Pros who are “on-call” to fix
problems when something goes wrong with a company’s software and systems. Ultimately,
the industry-first operations performance platform creates global visibility
across an organization, fixes the broken incident lifecycle and delivers
actionable data that helps teams prevent future issues. The results – improved
system reliability and greater team productivity – that translate into
increased revenue and customer satisfaction.
With over 80 employees and platform
partners, PagerDuty supports thousands of customers, including 30 percent of
the Fortune 100, and brands such as Microsoft, National Instruments, Electronic
Arts, Adobe, Rackspace and Square.
News of the July 31st
funding announcement resulted in top-tier coverage from a slew of business and
“sexytech” outlets, including TechCrunch, GigaOm, PandoDaily and The Wall
Street Journal:
●
TechCrunch: Crittercism App
Monitoring Tool Surfaces Most Important Business Issues First by Ron Miller (8/4)
● VentureBeat: PagerDuty gets $27.2M
to become your company’s monitor of monitors by Jordan Novet (7/31)
● PandoDaily: IT’s best friend:
PagerDuty raises $27.2M Series B to help all companies manage infrastructure
like Amazon by
Michael Carney (7/31)
● TechCrunch: PagerDuty Lands $27.2M
In Series B To Simplify IT Incident Management by Ron Miller (7/31)
● GigaOm: These two startups are
cashing in by spotting IT problems before they become disasters by Jonathan Vanian (7/31)
Congratulations again to PagerDuty! Cheers to an exciting and
fruitful road ahead!
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