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- BigPanda
BigPanda Valuation, Funding & Investors
BigPanda is valued at $1.2B as of August 2022.
Last BigPanda valuation
$1.2B
Series E · Aug 2022
Last BigPanda funding round
$20M
Series E · Aug 2022
Cumulative funding BigPanda raised
$313M
across 8 funding rounds
Key investors in BigPanda
Sequoia Capital
Mayfield Fund
Battery Ventures
Insight Partners
Phoenix Financial
TPG
About BigPanda
BigPanda is a Mountain View-headquartered AIOps platform that helps IT operations teams at enterprises detect and resolve incidents using Open Box Machine Learning. The software correlates alerts from monitoring tools, automates root cause analysis, and integrates with service desks like ServiceNow. Customers including Intel, TiVo, Turner Broadcasting, and Workday use it to cut mean time to resolution by up to 90 percent. Founded in 2012, BigPanda processes billions of events monthly across hybrid cloud environments.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.2B (Aug 2022)
BigPanda Valuation
BigPanda is currently valued at $1.2B, based on its Series E in August 2022.
The $20M round was led by UBS and Wells Fargo Strategic Capital.
BigPanda's valuation has grown 24x from $50M at its Series B in October 2015 to $1.2B in August 2022, across 3 priced rounds.
BigPanda valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2022 | Series E | $1.2B |
| Jan 2022 | Series D | $1.2B |
| Oct 2015 | Series B | $50M |
BigPanda Funding History
BigPanda has raised a total of $313M across 8 funding rounds.
BigPanda's first fundraising round was a $2M seed round in January 2013. The most recent completed round was a $20M Series E in August 2022.
BigPanda funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2022 | Series E | UBS (lead); Wells Fargo Strategic Capital (lead) | $20M | $1.2B | BigPanda is an AIOps platform that uses AI to audit changes in IT environments, correlate events, and recommend fixes, serving enterprise clients including Fortune 2000 companies like UBS and Wells Fargo. On August 17, 2022, it raised a $20 million extension to its Series E round from UBS Next (also referred to as UBS Fund Management) and Wells Fargo Strategic Capital, bringing total funding to $340 million; this matches the queried investors and date, though some sources list it variably as Series D - II or $15 million. The post-money valuation remained at $1.2 billion, unchanged from the prior January 2022 $190 million round led by Advent International and Insight Partners. Traction around the time included roughly 100 customers, revenue under $100 million (as of mid-2022, consistent with January figures), and an 80% gross margin profile. Earlier 2021 metrics showed 155% net new ARR growth, 122% net dollar retention, 97% gross dollar retention, record customer additions and expansions in Q4 2021, and a |
| Jan 2022 | Series D | Advent International (lead); Insight Partners (lead); Akkadian Ventures | $190M | $1.2B | BigPanda is an AIOps (Artificial Intelligence for IT Operations) platform that provides event correlation and automation capabilities to help IT operations teams manage complex digital environments. The company's technology transforms large volumes of IT data into actionable insights and automates incident management processes, enabling enterprises to move toward autonomous IT operations. BigPanda serves Fortune 500 customers including Intel, Cisco, United, Abbott, Marriott, and Expedia. In January 2022, BigPanda raised $190 million in a Series D funding round at a $1.2 billion post-money valuation, led by Advent International and Insight Partners, with participation from existing investors. The round brought total funding to approximately $317 million. As part of the investment, Eric Noeth from Advent International joined BigPanda's board of directors, and Sanjay Poonen, formerly COO of VMware and President of SAP, joined as a strategic advisor. BigPanda demonstrated strong traction heading into the round, with net new ARR growing 155% year-over-year in 2021, gross dollar retention of 97%, and net dollar retention of 122% on a last-12-months basis. The company had nearly doubled its customer base since 2019 and set new records for customer additions in Q4 2021. The funding was intended to accelerate go-to-market expansion, increase product development and R&D teams, enlarge the sales and marketing network, and fund future acquisitions. |
| Nov 2019 | Series C | Insight Partners (lead); Battery Ventures; Sequoia Capital; Mango Capital; Phoenix Financial; Mayfield Fund; The Syndicate Group | $50M | - | BigPanda, provider of an Autonomous Operations platform focused on AIOps for IT Operations, Network Operations Center (NOC), and DevOps teams, raised $50 million in a Series C funding round on November 21, 2019, led by Insight Partners with participation from existing investors Sequoia, Battery Ventures, Mayfield, and Greenfield Partners. This brought the company's total funding to more than $120 million at the time. The funding aimed to help enterprises adopt AIOps and automate IT operations by leveraging machine learning to turn vast IT data into actionable insights. BigPanda's platform addresses IT incident management by automating responses to data overload, positioning it as a leader in AIOps event correlation and automation. Subsequent developments included further funding, reaching over $348 million total by 2022, with expansion into international markets and team growth. |
| Nov 2017 | Series B | Greenfield Partners (lead); Battery Ventures; Sequoia Capital; TPG; Glynn Capital Management; Phoenix Financial; Mayfield Fund | $23M | - | - |
| May 2016 | Series B | Battery Ventures; Sequoia Capital; Pelion Venture Partners; Mayfield Fund | $5M | - | BigPanda, an alert correlation platform that consolidates IT data and alerts into actionable insights, announced a $5 million extension to its Series B funding round on May 17, 2016, bringing the total to $21 million with participation from Sequoia Capital, Battery Ventures, Mayfield, and new investor Pelion Venture Partners. This increased the company's total funding to $30 million at that time. The funds were allocated to expand its data science platform to manage growing IT data volumes and to grow its U.S. team. At the time of the round, BigPanda reported doubling its customer base in the preceding six months amid rising demand for IT incident management. Customers spanned industries including retail, technology, and media, with notable clients such as Gap, News Corp, Caesars, PayPal, and Wix. |
| Oct 2015 | Series B | Battery Ventures (lead); Sequoia Capital; Mayfield Fund | $16M | $50M | BigPanda raised $16 million in a Series B funding round on October 1, 2015, led by Battery Ventures with participation from Sequoia Capital and Mayfield. The company develops a data science platform that correlates IT alerts into actionable insights to help IT and DevOps teams manage data explosion and minimize service disruptions. Customers at the time included Gap, News Corp, Caesars, Cisco, Paypal, and WIX. Founded in 2012 with headquarters in Mountain View, California, and development in Tel Aviv, BigPanda planned to expand its platform and hire 40 employees, including UX/UI engineers. The funding aimed to tackle IT mega-trends like growing data center complexity and software reliance for business operations. Battery Ventures partner Scott Tobin joined the board. One source lists a $50 million valuation for an October 2015 round. The company had raised $25 million total prior to this round. |
| Oct 2014 | Series A | Mayfield Fund (lead); Sequoia Capital | $7M | - | BigPanda raised $7 million in a Series A funding round on October 28, 2014, led by Mayfield Fund with participation from Sequoia Capital. This followed a $1.5 million seed round led by Sequoia, bringing total funding to $8.5 million at that point. The company planned to use the funds to accelerate its roadmap and growth. BigPanda provides a data science platform for IT incident management, automating manual processes to handle the scale and complexity of modern data centers. Founded in 2012, it is headquartered in Mountain View, California, with offices in Tel Aviv. The team includes experienced professionals in data science and data center infrastructure. Advisors to BigPanda include IT and infrastructure executives from companies such as Dropbox, Splunk, Netflix, VMware, and Facebook. |
| Jan 2013 | Seed | Sequoia Capital (lead) | $2M | - | - |
Who has invested in BigPanda?
15 investors have backed BigPanda across its funding rounds, including Sequoia Capital, Mayfield Fund, Battery Ventures, Insight Partners, Phoenix Financial and TPG.
Lead investors include UBS, Wells Fargo Strategic Capital, Advent International, Insight Partners, Greenfield Partners and 3 other investors.
BigPanda Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Jan 2013 | ||
| 5 | Lead | Oct 2014 | ||
| 4 | Lead | Oct 2015 | ||
| 2 | Lead | Nov 2019 | ||
| 2 | Participant | Nov 2017 | ||
| 1 | Lead | Aug 2022 | ||
| 1 | Participant | Jan 2022 | ||
| 1 | Lead | Jan 2022 | ||
| 1 | Lead | Aug 2022 | ||
| 1 | Lead | Nov 2017 | ||
| 1 | Participant | Nov 2017 | ||
| 1 | Participant | May 2016 | ||
| 1 | Participant | Nov 2017 | ||
This data is available for Pro users. Sign up to see all 15 BigPanda investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by BigPanda
BigPanda has acquired 1 company to date.
Last acquisition by BigPanda was on November 10th 2025. BigPanda acquired Velocity for undisclosed valuation.
Latest Acquisitions by BigPanda
| Description | Velocity is a San Francisco-headquartered runtime observability platform built AI-first. It delivers actionable insights for incident resolution in cloud-native environments, tracing issues across microservices. DevOps teams at scale-ups integrate Velocity with Prometheus and Datadog for root cause analysis. |
| HQ Country | |
| HQ City | Wilmington, DE |
| Deal Date | 10 Nov 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all BigPanda acquisitions and their M&A valuation multiples. Start Free Trial | |
BigPanda Competitors
BigPanda competitors include listed companies like PagerDuty and Datagroup, and private ones like Electric, Dash0, GoGuardian and Serval.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $493M | $17M | $1.1B | 2.2x | ||
| Private | $40M | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $100M | - | $1B | 10.0x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $652M | $96M | $726M | 1.4x |
BigPanda Public Comps
BigPanda is still privately-owned, but its public comps include PagerDuty, Datagroup, Wiscom System, Bonree Data Technology, ESDS Software, Beijing Baolande Software, ActiveOps, Suresofttech, Redcentric and Beijing Ultrapower.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $493M | $17M | 2.2x | 2.2x | 64.6x | 7.7x | |||
| $652M | $96M | 1.4x | 1.4x | 9.6x | 9.4x | |||
| $233M | $13M | 1.8x | - | 32.1x | - | |||
| $19M | ($13M) | 19.0x | 16.4x | (28.1x) | (45.3x) | |||
| $49M | $25M | 38.3x | 13.8x | 76.7x | 56.6x | |||
| $34M | ($9M) | 6.8x | - | (25.4x) | - | |||
| $60M | $360K | 2.7x | 2.6x | 445.7x | 23.9x | |||
| $68M | $10M | 2.3x | - | 16.3x | - | |||
This data is available for Pro users. Sign up to see all BigPanda competitors and their valuation data. Start Free Trial | ||||||||
Common questions about BigPanda
| When was BigPanda founded? | BigPanda was founded in 2012. |
| Where is BigPanda headquartered? | BigPanda is headquartered in San Francisco, CA, United States. |
| Is BigPanda publicly listed? | No, BigPanda is a private, VC-backed company. |
| What is BigPanda's valuation? | BigPanda was last valued at $1.2B in its Series E in August 2022. |
| How much funding has BigPanda raised? | BigPanda has raised $313M across 8 funding rounds. |
| What was BigPanda's last funding round? | BigPanda's last funding round was a $20M Series E in August 2022, led by UBS and Wells Fargo Strategic Capital. |
| Who are BigPanda's investors? | BigPanda's investors include Sequoia Capital, Mayfield Fund, Battery Ventures, Insight Partners, Phoenix Financial, Wells Fargo Strategic Capital, Akkadian Ventures, Advent International, UBS, Greenfield Partners and 5 others. |
| Which companies are comparable to BigPanda? | Companies comparable to BigPanda include PagerDuty, Electric, Dash0, GoGuardian, Serval and Datagroup. |
| How many companies has BigPanda acquired? | BigPanda has acquired 1 company, including Velocity. |
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