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ControlUp Raises $10 Million Series B

ControlUp, the leading provider of an ITOps analytics and management platform, today announced that it raised $10 million in a Series B funding round. The round was led by K1 Capital and Jerusalem Venture Partners, and brings the company's total funding to $13.3 million.

With thousands of customers worldwide, ControlUp spearheads the Collective IT Analytics revolution.

By harnessing the power of big data to analyze operational IT data from a global customer base to find patterns, detect problems, establish dynamic baselines and generate actionable targeted insights, ControlUp reshapes ITOps to open the door for smarter IT.

"We're happy to announce our Series B and to further cement our place in the IT community," said Asaf Ganot, Founder and CEO of ControlUp. "After a year of significant accomplishments in 2016, we're expanding our global footprint and are excited to use these funds to continue innovating, growing our company, and enlarging our client base worldwide."

The announcement comes on the heels of a hot year for ControlUp. In September 2016, the company announced the launch of ControlUp 6, which provides unsurpassed troubleshooting and issues remediation capabilities in enterprise grade hybrid-cloud datacenters. In August, ControlUp joined the Microsoft Enterprise Cloud Alliance, extending its tools to support Microsoft Hyper-V and Microsoft Azure-based workloads that reside in the datacenter or in hybrid clouds. The company also launched ControlUp Insights in April, a new platform that empowers IT administrators to deliver interactive reports with unprecedented visibility and control of hybrid cloud workloads.

Published Tuesday, March 28, 2017 3:19 PM by David Marshall
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