IT-alerts company OpsGenie raises $10M in Series A funding

IT-alerting and on-call management solution provider, OpsGenie, has raised $10 million is a Series A financing. The round was led by venture capital firm, Battery Ventures. In conjunction with the deal, Neeraj Agrawal, Battery General Partner will join the board of directors.
“We are excited to partner with Berkay and the OpsGenie team, whose service cuts across all these types of notifications and alerts to deliver critical information to teams quickly. The company has made significant progress to date despite only modest spending on marketing. We think there is a real, pent-up demand for OpsGenie’s product, and look forward to fueling the company’s growth,” Agrawal said.
Paul Drews, Vice President, Battery Ventures is also going to join Agarwal’s lead into OpsGenie’s board room. The Falls Church, VA-based company is a cloud-based service that provides notifications, on-call schedule management and escalations for development and operations teams. It intends to use the flow of funds in product development and enhancing its market capabilities. The tools and resources offered by the company lists a Web interface and a mobile to design actionable alerts, manage on-call schedules and escalations. According to Berkay Mollamustafaoglu, CEO and co-founder, OpsGenie, the right people are notified of IT incidents at the right time, while the Opsgenie serves as a central repository for this data, and then routes alerts to the appropriate teams and systems via multiple notification method . Teams can even access these alerts through new collaboration tools like Slack and HipChat, then send them to other members who can take action to fix IT problems. He said:
“OpsGenie integrates with many operations tools and services, and provides flexible, easy-to-use tools to help DevOps and other stakeholders identify that critical applications or services might be down, and figuring out the right people to notify at the right time to prevent costly problems.”
“Today’s companies have invested billions of dollars in monitoring tools to detect potential IT problems, but they haven’t paid enough attention to how to smartly react to, and address, the flood of alerts they’re receiving. OpsGenie is about what happens next,” he added. OpsGenie Founded in the year 2012, the company competes market space with companies like PagerDuty, VictorOps, and AlertOps. It is 36 employees big and claims to offer its services to over 1,400 companies including Unbounce, SUBWAY Restaurants, Looker, Bleacher Report, Politico and HubSpot.

Abhinav Mohapatra

An author who has a keen interest for the ‘off-beat’ <!--more-->An author who has a keen interest for the ‘off-beat’, he has covered and explored multiple facets of the marketing, advertising

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