INFRA
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VictorOps lands additional $2.8M as part of oversubscribed funding round
With an annual growth rate in the high double digits and thousands of customers under its belt, VictorOps Inc. has become a magnet for venture capitalists.
The incident response startup on Friday revealed that it had raised an additional $2.8 million as part of a $15 million round originally announced in November. “We received a lot of interest in our Series B financing”, explained VictorOps CEO Todd Vernon. “It became clear that the round was going to be oversubscribed, and we wanted to take our time to choose the right investors to partner with.”
The startup didn’t identify any new backers beyond the three funds that participated in the first leg of the investment last month. VictorOps said at the time that round was led by the venture arm of J.F. Shea Co. Inc., a major real-estate development firm, while early backers Foundry Group and Costanoa Ventures chipped in as well to increase their stakes.
The new cash infusion apparently hasn’t changed VictorOps’ plans too much. Vernon and his team will focus on widening the adoption of their startup’s namesake alerting service, which is designed to help information technology departments react to technical problems faster. The platform can analyze data from a company’s infrastructure monitoring systems in real-time and create a thorough incident report about issues as soon as they emerge.
From there, VictorOps makes it possible to have each notification sent directly to the person most qualified to tackle the issue. If a company wants to better support, say, its flash arrays, then the platform can be configured to send alerts about the systems to the resident storage administrator. It’s also possible to forward a message to other workers from there if the first pick is not available.
VictorOps has raised a total of $33.7 million to date.
Image courtesy of VictorOps
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