02 January 2020:
AIOps platform startup InsightFinder has raised $2 million in pre-Series A round of funding. The funding round was led by Idea Fund Partners. Existing venture investors Eight Roads Ventures and Acadia Woods Partners also participated in the funding round.
The startup will use the fresh capital to take its product offering to general availability, as it was previously in limited availability for qualified customers.
InsightFinder also announced two key hires to join its executive team. Rami Essaid, founder and former CEO of Distil Networks joined InsightFinder to lead the company operations going forward. Greg Lissy, a software executive with previous industry experience at Citrix, SolarWinds, Red Hat, and Microsoft, has also joined the company to lead product strategy and execution.
Helen Gu, founder of InsightFinder said, “InsightFinder is the culmination of over 15 years of research funded by the National Science Foundation, and the technology has been validated at some of the largest companies in the world. We are excited to have Rami and Greg join InsightFinder to help bring the power of our technology into the hands of more IT operations teams.”
Lister Delgado, Managing Partner at Idea Fund Partners sai, “We are excited about the market opportunity for InsightFinder. Given the volume, variety, and speed that data is created in today’s hybrid dynamic IT environments, AIOps is increasingly essential to maintain a proactive stance in IT infrastructure and operations. We are impressed with InsightFinder’s distinctive use of unsupervised machine learning to extract insights much faster and with a higher degree of accuracy than competing solutions. There’s a lot of growth potential here, and we are thrilled to be leading this investment round.”
(Image – InsightFinder)