BigPanda was founded in 2012 by Assaf Resnick and Elik Eizenberg. While the company has not spoken publicly about an IPO, the company has recently attained unicorn status, with CEO Resnick said that he views BigPanda as "a long-term, very large, sustainable company." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
BigPanda is a leader in the field of AIOPS, or Artificial Intelligence for IT Operations, developing programs that help IT teams respond more effectively to problems and outages. A number of Fortune 500 companies use BigPanda to bolster their digital operations, including Intel, Cisco, United, Nike, Marriott, and Expedia. After years of relative quiet, the company came out in 2022 with a $190 million funding round led by Advent International, bringing its total funding to $317 million and arriving at a valuation of $1.2 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/17/2022 | Series E-1 | $15MM | $xx.xx | $1.24B | Ubs Next, Wells Fargo Strategic Capital | |
Price per Share
$xx.xx
Shares Outstanding
8,056,718
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ubs Next, Wells Fargo Strategic Capital
|
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01/12/2022 | Series E | $74.01MM | $xx.xx | $1.2B | Advent International, Insight Partners | |
Price per Share
$xx.xx
Shares Outstanding
39,753,376
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Advent International, Insight Partners
|
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01/12/2022 | Series D | $115.99MM | $xx.xx | $1.2B | Advent International, Insight Partners | |
Price per Share
$xx.xx
Shares Outstanding
85,555,186
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Advent International, Insight Partners
|
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11/21/2019 | Series C | $51.05MM | $xx.xx | $358.79MM | Battery Ventures, Greenfield Partners, Insight Partners, Mayfield, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
70,404,082
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Greenfield Partners, Insight Partners, Mayfield, Sequoia Capital
|
||||||
02/07/2019 | Series B-5 | $14.99MM | $xx.xx | $118.44MM | Battery Ventures, Glynn Capital, Mayfield, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
44,132,367
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Glynn Capital, Mayfield, Sequoia Capital
|
||||||
11/01/2017 | Series B-3 | $5MM | $xx.xx | $113.66MM | Battery Ventures, Glynn Capital, Mayfield, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
12,155,099
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.1x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Glynn Capital, Mayfield, Sequoia Capital
|
||||||
11/01/2017 | Series B-4 | $12.03MM | $xx.xx | $113.66MM | Battery Ventures, Glynn Capital, Mayfield, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
38,093,637
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.5x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Glynn Capital, Mayfield, Sequoia Capital
|
||||||
05/16/2016 | Series B-2 | $5MM | $xx.xx | $70MM | Battery Ventures, Mayfield, Pelion Venture Partners, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
16,486,796
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Mayfield, Pelion Venture Partners, Sequoia Capital
|
||||||
10/01/2015 | Series B-1 | $16MM | $xx.xx | $60MM | Battery Ventures, Mayfield, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
56,217,280
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Mayfield, Sequoia Capital
|
||||||
10/27/2014 | Series B | $7MM | $xx.xx | $20MM | Mayfield, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
45,611,520
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Mayfield, Sequoia Capital
|
||||||
01/01/2013 | Series A | $1.52MM | $xx.xx | $3.14MM | Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
41,018,844
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Sequoia Capital
|