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.

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Will BigPanda go IPO?

BigPanda has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is BigPanda’s IPO price?

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When was BigPanda founded?

BigPanda was founded in 2012.

What is BigPanda funding to date?

BigPanda has raised $317.59MM to date.

Who are BigPanda’s major investors?

Sequoia Capital
Insight Partners
Mayfield Fund
TPG
Greenfield Partners
UBS Group
Wells Fargo

BigPanda Funding Rounds and Valuation

Funding History Chart
Funding Round Details
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
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
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
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
Updated on: Dec 3, 2024

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