VictorOps Announces $6.5 Million Series A Funding from Costanoa Venture Capital and Foundry Group
Full-Featured Beta Product Now Available to DevOps Teams Worldwide
BOULDER, Colo., September 26, 2013-- VictorOps, the first collaborative platform designed for DevOps teams, today announced its Series A financing round of $6.5 million dollars, led by Costanoa Venture Capital with participation from Foundry Group, lead investor in the company’s 2012 seed round. With this announcement, VictorOps is helping DevOps teams effectively manage and remediate software system alerts and outages by bringing its product to public beta.
VictorOps builds on the concept of a live timeline of alert data, platform intelligence and team interaction to create IT situational awareness. In addition, VictorOps seamlessly orchestrates incident identification, escalation, notification, and remediation among team members regardless of physical location or time of day. The VictorOps platform interfaces with a customer’s existing on-site enterprise monitoring system, making the service easy for DevOps teams to adopt and deploy.
• 24x7 situational awareness of a customer’s infrastructure through always-on web-based and mobile apps
• Completely automated and interactive on-call management that allows real-time hand-off between team members
• Incident creation and escalation based on company-wide and individual rules
• Timeline capture and reporting to allow next day analysis of root-cause
VictorOps’ rapid product development and success with its Alpha customer base led to this round of financing, which will allow the company to bring its platform to market much earlier than anticipated. The VictorOps Beta program comes off the heels of a very successful Alpha program that included over 20 public and private companies with revenues ranging from $1-$200 million. The full-featured Beta product is now available at no cost to users until its official GA launch, currently slated for January 2014. DevOps teams interested in testing the VictorOps platform can start a trial by signing up at http://www.victorops.com.
VictorOps was co-founded in December 2012 by Todd Vernon, CEO; Bryce Ambraziunas, COO; and Dan Jones, CTO, with a seed financing round of $1.58 million dollars. With almost 20 employees, the company is looking to hire an additional 15-25 positions in engineering, support, sales, marketing, and partner management.
“I spoke conceptually with Todd Vernon about VictorOps nearly a year ago when the company was in its formative stages,” said Greg Sands, Founder and Managing Partner at Costanoa Venture Capital. “We preemptively approached the company earlier this year when I dug deeper into the broader market opportunity and I saw their strong product vision come to life. Constanoa is excited to lead this round of financing and we can’t wait to watch them continue to execute.”
“Before VictorOps' mobile app, our infrastructure required interactions with our phone's SMS app, PagerDuty's app, and the Nagios web interface. Now we have a central location to handle all of our day-to-day work,” said Tarun Reddy, Director of Operations, Rally Software. “With VictorOps, we have better communication among the team so that we can spend more time dealing with real issues and less time dealing with alarms.”
“Situational awareness is the key to solving problems faster. Key features in the platform allow team members to help solve problems while still maintaining their lives outside of their job,” said Todd Vernon, Founder and CEO of VictorOps. “Our native mobile apps are a major enabler of the platform which makes the 24x7x365 job of DevOps easier and time-to-resolution of problems faster.”
VictorOps is the world’s first collaborative platform designed for DevOps teams that combines the power of people and data to solve IT problems in real-time. The VictorOps platform seamlessly orchestrates team situational awareness, incident creation, escalation, notification, and remediation with team members regardless of physical location or time of day. Co-founded by Todd Vernon, Bryce Ambraziunas and Dan Jones, VictorOps intends to enable a company’s most valuable asset, its people. VictorOps is a private company located in Boulder, Colo. that is venture backed by Costanoa Venture Capital and Foundry Group. For more information, please visit http://www.victorops.com and follow the company on Twitter @GoVictorOps.
About Costanoa Venture Capital
Costanoa Venture Capital is an early stage investor in cloud-based services leveraging data and analytics to solve real problems for businesses and consumers.
About Foundry Group
Foundry Group is a venture capital firm focused on making investments in early-stage information technology, Internet and software startups. Our passion is working alongside entrepreneurs to give birth to new technologies and to build those technologies into industry-leading companies. We’re centrally located in Boulder, CO, but we invest in companies across North America.
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