VictorOps raises $10 million to take the hassle out of DevOps
Despite some recent consolidation, the IT monitoring segment remains among the most crowded in the entire enterprise technology world. Numerous providers from big names like New Relic Inc. to emerging startups such as Ruxit Inc. and BigPanda Inc. offer to use the vast amounts of data coming off corporate infrastructure in order to automatically alert of operational problems. But administrators have far less choice and flexibility in how they react to those alerts, a constraint VictorOps Inc. hopes to address with the help of the new capital from its latest funding round.
The three-year-old startup has bagged $10.6 million courtesy of The Foundry Group and Costanoa Venture Capital to fund the development of more features for its namesake notification service, which promises to eliminate the coordination issues that plague traditional troubleshooting processes. VictorOps aggregates data from different monitoring solutions that a company uses in its environment, picks out important entries and distributes them to the relevant parties on an automated basis.
That means an administrator is only notified if a problem falls into their area of responsibility, which can save a great deal of mental energy better spent on more productive activities. In the case that something does happen break under their watch, however, VictorOps provides the means to deal with the issue. Each alert includes a full timeline of the important operational events that occurred in the run-up to the incident that the company says makes it possible to understand the issue much faster than alternatives allow.
Once an administrator has figured out what went wrong, they can use the built-in chat capability to bring their colleagues up to speed and ask for assistance. The messenger can come particularly handy when dealing with problems that affect more than one part of an environment, which are becoming increasingly common as the services on which organizations rely grow more and more interdependent.
The new investment will help VictorOps expand upon that functionality to become more competitive against rival PagerDuty Inc., which has raised more than twice as much funding to date. The startup also plans to invest some of the capital in its customer-facing activities to maintain the 33 percent average quarterly bookings growth its service has seen over the last two years.
photo credit: RickChung.com via photopin cc
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network
Are you an AWS customer? Support SiliconANGLE financially by buying your AWS services from our Marketplace portal page and links: https://siliconangle.com/aws-marketplace/
About SiliconANGLE Media
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.