Tracxn - IT Operations Startup Landscape

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - IT Operations - Jan 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
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Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on January 25, 2019.
IT Operations Feed Summary
4
IT Operations > Feed Summary
Processes used by an organisation’s IT department to facilitate delivery of IT services and to manage IT infrastructure
used by internal and external customers.
• Inclusions: Companies that provide tools that are used
by IT department for managing their processes
(monitoring, automation, service desks, incident handling,
disaster recovery etc).
• Exclusions: Consultancy firms, service companies, and
resellers. Also, does not cover solutions that are
specifically for developers.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$10.1B
Funding
62
Mega
Companies
4381232
FundedCovered on
Tracxn
15
Unicorns
42
Soonicorns
31
Minicorns
29
IPO’d Cos
276
Late Stage Cos
115
223
Acquisitions
86
DeadPooled
2
Acquihired
Series A+ Cos
Axios
(1988, Edinburgh)
ServiceNow
(2004, Santa Clara, $7.5M)
BMC Software
(1980, Houston)
Top Companies

Investment Trend Summary
Summary of Funding Activity in IT Operations
5
$500M - Series C
Veeam (2006, Baar, $500M)
$90M - Series D
PagerDuty (2009, San Francisco, $174M)
$172M - Series C
Cherwell (2004, Colorado Springs, $276M)
$85M - Series F
Nexthink (2004, Prilly, $156M)
$120M - Series C
Snow Software (1997, Solna, $120M)
$80M - Series F
Druva (2008, Sunnyvale, $200M)
$100M - Series D
HashiCorp (2012, San Francisco, $179M)
$75M - Series F
Sumo Logic (2010, Redwood City, $236M)
$100M - Series D
Accedian (2004, Montreal, $131M)
$50M - Series B
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
IT Operations > Feed Summary > Investment Trend Summary
Seed Bowery Capital (#2), Tahoma Advisors (#2), Karma Ventures (#2)
Series A/B Sequoia Capital (#4), Battery Ventures (#4), Mayfield (#3)
Series C+ Sapphire Ventures (#5), IVP (#4), Harmony Partners (#3)
Incubators Techstars (#5), 500 Startups (#4), Y Combinator (#4)
Other Notable
Investors
Goldman Sachs (#6), Salesforce (#3), VMware (#3)
Debt Investors
Western Technology Investment (#13), Kreos Capital (#6),
Hercules Capital (#4)
Most Active InvestorsRecent Investments
104
110
72
42
4
2014 2015 2016 2017 2018 2019*
Y-o-Y # of Companies Founded 71 72 76 64 67 5
$7.4B
$1.4B
$541M
$213M
$211M
US
Europe
Israel
Canada
Australia
$ Funding
$1.1B
$922M
$1.1B
$937M
$1.3B
$537M
2014 2015 2016 2017 2018 2019*
$ Funding $ Funding Predicted
# Rounds # Rounds Predicted

Summary of exit outlook in IT Operations
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Greylock Partners 5
AppDynamics (2008, San Francisco, $314M)
Apptio (2007, Washington D.C., $136M)
Accel Partners 4
Atlassian (2002, Sydney, $210M)
Riverbed (2002, San Francisco, $68.4M)
Western Technology
Investment
4
Integrien (2001, Irvine, $31M)
Neebula (2004, Hod Hasharon, $5M)
JMI Management 3
Nimsoft (2002, Redwood City, $22.3M)
Mission Critical Software (1995, Houston,
$10.4M)
Austin Ventures 3
SolarWinds (1999, Austin, $230M)
$10.4M)
May 2018 BMC Software Acq by KKR for $10B
Mar 2017 AppDynamics Acq by Cisco for $3.7B
Oct 2015 SolarWinds Acq by Thoma Bravo for $4.5B
Apr 2015 Riverbed Acq by Thoma Bravo for $3.5B
Sep 2014 Compuware Acq by Thoma Bravo for $2.4B
Jul 2012 Quest Software Acq by Dell for $2.4B
Oct 2011 Q1 Labs Acq by IBM for $34B
IT Operations > Feed Summary > Exit Outlook Summary
SolarWinds 11
N-able (May 2013, $120M), Confio Software (Oct 2013, $103M),
Pingdom (Jun 2014, $74M)
BMC Software 11
Remedy Corporation (Sep 2002, $355M), Numara Software
(Jan 2012, $300M), Marimba (Apr 2004, $239M)
IBM 7
Q1 Labs (Oct 2011, $34B), Tivoli Software (Feb 1996, $743M),
MRO Software (Aug 2006, $740M)
Thoma Bravo 7
SolarWinds (Oct 2015, $4.5B), Riverbed (Apr 2015, $3.5B),
Compuware (Sep 2014, $2.4B)
CA Technologies 8
Automic (Dec 2016, $641M), Wily Technology (Jan 2006,
$375M), Nimsoft (Mar 2010, $350M)
Recent IPOs Top Acquisitions
ServiceNow Jun 2012
PaaS for enterprise IT management and ser…
IPO MCap: -
Splunk Apr 2012
Operational data analytics for security a…
IPO MCap: $1.6B
OTRS Dec 2009
Open Source Help Desk solutions and ITSM
IPO MCap: -
Double-Take Software Dec 2006
Disaster Recovery and Migration Software
IPO MCap: $226M
SolarWinds Oct 2018
Network Management Software
IPO MCap: $4.6B
Atlassian Dec 2015
Collaboration suite for software developm…
IPO MCap: $4.4B
ASPEED Nov 2015
SoC system solutions provider
IPO MCap: -
New Relic Dec 2014
SaaS Application Performance Management,…
IPO MCap: $1.1B

FACTSHEET
Marketmap: IT Operations
AUTOMATION
INFRASTRUCTURE
ORCHESTRATION*
ROBOTIC PROCESS
AUTOMATION*
IT SERVICES MANAGEMENT
ASSET MANAGEMENT
MANAGEMENT
INFRASTRUCTURE MANAGEMENT
LOG MANAGEMENT
SERVER MANAGEMENT
MICROSERVICES MANAGEMENT*
MONITORING
INFRASTRUCTURE
PERFORMANCE MONITORING
APM
NETWORK PEFORMANCE
MONITORING
WEBSITE MONITORING
SERVER MONITORING
ANALYTICS
ANOMALY DETECTION
OPERATIONAL ANALYTICS*
EVENT PROCESSING*
DISASTER RECOVERY
Overview
Companies 1232
Funded 438 Series A+ 276
Funding $10.1B Last 2 yrs $2.7B
Most Active Investors
Seed Bowery Capital (2)
Series A/B Sequoia Capital (4)
Series C+ Sapphire Ventures (5)
Others Goldman Sachs (6)
Incubators Techstars (5)
Top Cities
Bay Area 185 Cos $3.6B
Baar 1 Cos $500M
Feed in Numbers
Unicorns 15 Soonicorns 42
Minicorns 31 Editor Picks 126
Acquihired 2 Deadpooled 86
Top Companies
BMC Software (1980, Houston)
Axios (1988, Edinburgh)
ServiceNow (2004, Santa Clara, $7.5M)
Exits
IPOs 29 SolarWinds, Atlassian
Acquisitions 223 Q1 Labs, BMC Software
Top Acquirers SolarWinds, BMC Software
* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds.
Excludes all details for Chinese companies.
IT Operations > Feed Summary > BlueBox
7

Key Sub Sectors in IT Operations Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
ITSM >
Suite 64 $331M 6
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
ITSM
Companies that provide solutions for IT Service
Management
312 117 $3.6B
IT Services Management
Companies which offer products for managing the
services related to issue resolution,...
6 3 $181M
Unified IT Management
Companies that provide solutions for both ITSM and
ITOM
13 7 $90.9M
Monitoring
Companies which provide applications for monitoring
application, network, infrastructure,...
10 1 $32.6M
Management
Companies which offer products for management of
logs, servers and containers
1 1 $5M
IT Operations > Feed Summary > Summary of Key Markets

List of Notable Companies in IT Operations
Notable Companies in the Sector (1/2)
9
Note: *(Founded Year, Location, Total Funding)
IT Operations > Feed Summary > Notable Companies in the Sector
Public
Atlassian
(2002, Sydney, $210M)*
Splunk
(2003, San Francisco, $40M)
New Relic
Commvault
(1996, Middletown)
Intraware
(1996, Orinda)
NetScout
(1985, Westford, $6M)
Double-Take Software
(1985, Southborough)
Visual Networks
(1993, Rockville)
Data Storage Corp
(2001, Garden City, $20M)
KeepItSafe
(1995, Los Angeles, $13.6M)
Public
EasyVista
(1988, New York City, $8.4M)
ServiceNow
Dropsuite
(2012, Singapore, $5M)
ASPEED
(2004, Hsinchu)
Oxford Metrics
(1984, Kidlington)
OTRS
(2003, Homburg)
QPR Software
(1991, Helsinki)
FalconStor
(2000, Melville)
Systar Champion
(2011, Saint-cloud)
Acquired
Q1 Labs
(2001, Waltham, $29M)
BMC Software
(1980, Houston)
SolarWinds
(1999, Austin, $230M)
AppDynamics
Riverbed
(2002, San Francisco, $68.4M)
Quest Software
(1987, Aliso Viejo, $11.5M)
Compuware
(1973, Detroit)
Apptio
(2007, Washington D.C., $136M)
Mission Critical
Software
(1995, Houston, $10.4M)
HelpSystems
(1982, Eden Prairie)
Acquired
OPNET Technologies
(1986, Bethesda)
Tivoli Software
(1989, Austin, $3.5M)
MRO Software
(2000, Bedford)
Automic
(1985, Bellevue)
Serena
(1980, San Mateo)
CloudHealth Tech
(2012, Boston, $87M)
Keynote
(1995, San Mateo)
Wily Technology
(1998, Brisbane, $35M)
Remedy Corporation
(1990, Mountain View)
Nimsoft
(2002, Redwood City, $22.3M)
Acquired
Numara Software
(1991, Tampa)
Gomez
(1997, Lexington, $67.5M)
OpsGenie
(2012, Washington D.C., $10M)
CliQr
Dynatrace
(2005, Waltham, $21.9M)
Marimba
(1996, Mountain View, $14.5M)
NetQoS
(1999, Austin, $16M)
Topio
(2001, Santa Clara, $8M)
PowerQuest
(1993, Orem, $10M)
Ansible
(2013, Santa Barbara, $6M)

List of Notable Companies in IT Operations
Notable Companies in the Sector (2/2)
10
IT Operations > Feed Summary > Notable Companies in the Sector
Acquired
Anue Systems
(2002, Austin)
LogLogic
(2002, San Jose, $8.8M)
VictorOps
(2012, Boulder, $36.3M)
N-able
(2000, Ottawa)
ITRS
(1997, London, $19.5k)
Tidal Software
(2003, Palo Alto, $16.5M)
Confio Software
(2004, Boulder)
Integrien
(2001, Irvine, $31M)
Neebula
(2004, Hod Hasharon, $5M)
Unicorns
Veeam
(2006, Baar, $500M)
Datto
(2007, Norwalk, $100M)
IDERA
(2003, Houston)
Ivanti
(1985, South Jordan)

List of Notable Companies by Market in IT Operations
Notable Companies by Market (1/2)
12
IT Operations > Feed Summary > Notable Companies by Market
Asset Management
Cloud based technology business management
solution
Minicorn. Stage: Acquired
Janus Capital Group, Andreessen Horowitz,
Madrona Venture Group and 8 Other Investors
ServiceNow (2004, Santa Clara, $7.5M)
PaaS for enterprise IT management and service
management solutions
Soonicorn. Stage: Public
Sequoia Capital, JMI Management, Colt Ventures
and 3 Other Investors
Tivoli Software (1989, Austin, $3.5M)
System management software and services
Stage: Acquired
Silverton Partners, Austin Ventures, Norwest
Venture Partners and 1 Other Investors
Platform for managing the service requests related
to IT infrastructure
Unicorn. Stage: Acquired
Saratoga Investment, Asset Management Company,
Elaia Partners
N-able (2000, Ottawa)
RMM for Managed Service Provider
Stage: Acquired
Accel-KKR

List of Notable Companies by Market in IT Operations
Notable Companies by Market (2/2)
13
IT Operations > Feed Summary > Notable Companies by Market
ITSM
Suite
IT assets and service management with mApps
integration
Soonicorn. Stage: Series C
KKR, Insight Venture Partners
Collaboration suite for software development
teams
Unicorn. Stage: Public
T. Rowe Price, Accel Partners, Herald Investment
Management
EasyVista (1988, New York City, $8.4M)
Mobile first IT service management platform
Minicorn. Stage: Public
Alto Invest, Conversion Venture Capital
Ivanti (1985, South Jordan)
Unified endpoint and mobile security and
management solution
Clearlake Capital, Tudor Funds, Clearlake Capital
Suite
Alloy Software (2002, Nutley)
Network Asset Management and Service Desk
solutions
Soonicorn. Stage: Bootstrapped Large
SunView Software (2003, Tampa)
Products for configuring, managing and tracking
change requests powered by Artificial Intelligence.
TOPdesk (1993, Delft)
ITIL based service management software for IT,
Facilities Management, and eHRM help desks
OTRS (2003, Homburg)
Stage: Public
Remedy Corporation (1990, Mountain View)
Business process solutions like ITSM and CRM
software
Stage: Acquired
Accel Partners, Alloy Ventures

Recent News in IT Operations Sector
Recent News
14
IT Operations > Feed Summary > Recent News
Jan 2019
Application Performance Monitoring (APM) Software Market:
Comprehensive Study Explores Huge Growth in Future : Leading
Key Players- Oracle, AppDynamics, Stackify Retrace, Digital Journal
Jan 2019
Container Monitoring Market Demand, Business Strategies
Including Top Key Players CA Technologies, AppDynamics, Splunk,
Dynatrace, Datadog, BMC Software, Digital Journal
Jan 2019
SmartBear Leads Innovation for Behavior-Driven Development
with End-to-End Test Automation, Business Wire
Jan 2019
Humio Secures $9M Series A Led By Accel To Accelerate Expansion
Of Logging Platform For Live Observability, PR Newswire
Jan 2019
ZPE Systems Announces Initial List of Virtualized Network Function
(VNF) Applications for Nodegrid Services Router and Nodegrid Bold
SR Solutions, Business Wire
Jan 2019
Alloy Software Enters Top 10 of GetApp's ITSM Category Leaders,
Newswire
Jan 2019
Inside Central Nervous System, created by Cisco and AppDynamics,
Reseller
Jan 2019 Veeam announces new cloud management capabilities, Telecompaper
Jan 2019
Addigy Predicts Higher Demand for Its Apple Device Management
Products in 2019 as Enterprise Deployments Increase, PR Newswire
Jan 2019
Kentik Releases Report on 'AWS Cloud Adoption, Visibility &
Management', PR Newswire
Jan 2019
CoreStack® Achieves Advanced Technology Partner Status in the
Amazon Web Services Partner Network, PRWeb
Key Recent News Key Recent News
Jan 2019
Internet of Things (IoT) Just Keeps Growing While Vastly
Improving, AiThority
Jan 2019
Veeam expands cloud data management capabilities for IBM, AWS
and Azure, ChannelLife
Jan 2019 ServiceNow's Aussie channel chief exits, crn.com.au
Jan 2019
ServiceNow collaborates with Telangana Academy for Skill and
Knowledge, SMEChannels
Jan 2019 Idera acquires Travis CI, TechCrunch
Jan 2019
Two years after being acquired by Cisco, AppDynamics keeps
expanding monitoring vision, TechCrunch
Jan 2019
AppDynamics Promises a Twist on AI-Enabled Application
Management, Light Reading
Jan 2019 AppDynamics Applies AIOps to Automate IT, DevOps.com
Jan 2019 Electric Raises $25M Series B to Automate IT Support, PR Newswire
Jan 2019 Confluence offers Form CPO-PQR reporting capability, Finextra
Jan 2019 NGINX Releases API Management Module, DEVOPSdigest
Jan 2019
Veeam Expands Leadership in Cloud Data Management, Business
Wire
Jan 2019
SwiftStack Supports New Veeam Cloud Tier with Cloud-Native
Storage for Long-term Data Retention, Business Wire
Jan 2019
Zeppelin Reduces Factory Engine Failures with Predictive IoT
Maintenance from Splunk, Business Wire

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
15
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

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Investments ($M) and number of rounds in IT Operations; 2011-2018
Global Funding Trends (1/2)
17
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
IT Operations > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 2% # of Rounds19% $ Funding
1% # of Rounds
11% $ Funding
$442M
$749M
$1.1B
$922M
$1.1B
$937M
$1.3B
$537M
0
10
20
30
40
50
60
70
80
90
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
2012 2013 2014 2015 2016 2017 2018 2019*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds

21 27 12 18 20 19 10 1
38 39
40
37 37
31
26
3
13
19
19 17 19 14 31 1
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
72
5
Total # of Rounds
$17M $10M $9M $13M $16M $29M $17M $500K
$226M
$278M $356M
$367M
$333M
$331M
$217M $37M
$199M $461M $703M $542M $776M $577M
$1B
$500M
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
18
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in IT Operations; 2011-2018
IT Operations > Investment Trends > Global Funding Trends
64
17
21
24
23
17
1
167
$3.7M $5.3M
$0.0M
$1.0M
$2.0M
$3.0M
$4.0M
$5.0M
$6.0M
$7.0M
$8.0M
$9.0M
$10.0M
0
20
40
60
80
100
120
140
160
180
2013 2014 2015 2016 2017 2018 2019 YTD Total
Entrants in Funding Club Avg. Ticket Size
$3.7M $6.5M $2.8M $3.2M $6M $6.1M $9M $5.3M
$198M
$459M
$789M
$704M
$879M
$738M
$1B
$525M
0
5
10
15
20
25
0
200000000
400000000
600000000
800000000
1E+09
1.2E+09
2012 2013 2014 2015 2016 2017 2018 2019 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
7 11 17 15 17 16 21 2
$442M
$537M
Total $ Invested

IT Operations > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in IT Operations
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 3.6B 281
Baar 500M 2
Austin 430M 28
New York City 328M 37
Colorado Springs 276M 4
Tel Aviv 239M 33
Sydney 210M 3
Wilmington 204M 6
Seattle 189M 11
Draper 187M 1
Total Funding
214
107
60
25
4
21
4
1
# Rounds
$7.4B
$1.4B
$541M
$213M
$211M
$49.1M
$5M
$3.1M
US
Europe
Israel
Canada
Australia
India
SEA
South Korea
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$1.1
$0.6
$1.1 $0.9
$1.3
$2.0 $1.8
2012 2013 2014 2015 2016 2017 2018
$4.5
$6.6 $7.1
$3.7
$6.7 $6.5 $7.7
$10.7 $10.5 $12.1
$19.3
$14.4
$17.4
$10.8
$18.1
$27.1
$39.0 $38.7 $45.6 $44.4 $37.8
IT Operations > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in IT Operations; 2012-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$7.5K* $6.1M
$150K $54.6M
$250K $75M
$149K $500M
$26.8M
$11.4M
$4.5M
$950K
Series C+
Series B
Series A
Seed
Stage

Note: 126 companies with undisclosed funding amount are not included
21
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
28
111
125
29
24
No. of Companies
IT Operations > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in IT Operations; as of Jan 2019
Distribution of companies by Funding Range
$10M
$492M
$3.1B
$2.1B
$4.4B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
36%
22%
15%
9%
22
Note: Numbers in the brackets show the count of companies
Time to raise
next round
115
184
276
438
1232
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
36% 8%
(99)
6%
(68)
0%
(2)
7%
(85)
57%
(707)
63% 21%
(90)
15%
(65)
0%
(1)
4%
(16)
33%
(145)
67% 26%
(71)
17%
(48)
0%
(1)
2%
(5)
31%
(86)
63% 33%
(61)
20%
(36)
1%
(1)
2%
(3)
35%
(65)
- 45%
(52)
25%
(29)
- 2%
(2)
42%
(48)
IT Operations > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in IT Operations
Funding Funnel
22 Months
19 Months
21 Months
Investment backedBootstrapped
42
15
174
28
49
1
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
IT Operations > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in IT Operations; Jan 2017-Jan 2019
Notable Investments in last 24 months (1/6)
LATE STAGE
$500M - Series C Jan 2019
Backup Solutions for VMware and Hyper-V
Insight Venture Partners, CPP Investment Board
$172M - Series C Apr 2018
integration
KKR
Snow Software (1997, Solna, $120M)
Application for tracking, optimizing and generating
reports related to software licenses in an enterprise
Sumeru Equity Partners, Ontario Pension Board,
Adams Street Partners
$100M - Series D Nov 2018
Automation tools for data center management,
application development, delivery, and maintenance
IVP, Bessemer Venture Partners, GGV Capital,
Mayfield, Redpoint Ventures, True Ventures
LATE STAGE
$100M - Series D Mar 2017
Accedian (2004, Montreal, $131M)
Performance Assured Networking
Bridge Growth Partners
$90M - Series D Sep 2018
PagerDuty (2009, San Francisco, $174M)
SaaS-based IT alerting & incident management
system
Accel Partners, Andreessen Horowitz, Bessemer
Venture Partners, Baseline Ventures, Harrison
Metal, T. Rowe Price
$85M - Series F Dec 2018
Nexthink (2004, Prilly, $156M)
End user IT analytics for security, ITSM &
transformation
Index Ventures, Highland Europe, Forestay Capital,
VI Partners, Olivier Pomel, Auriga Partners, Galeo
Ventures
LATE STAGE
$80M - Series F Aug 2017
Druva (2008, Sunnyvale, $200M)
Backup & data loss prevention solution for
enterprises
Riverwood Capital, Nexus Venture Partners, Tenaya
Capital, Sequoia Capital
$75M - Series F Jun 2017
Sumo Logic (2010, Redwood City, $236M)
Cloud-based log management and security analytics
Sapphire Ventures, Accel Partners, DFJ, Greylock
Partners, IVP, Sequoia Capital, Sutter Hill Ventures
$46M - Series D Jun 2017
CloudHealth Tech (2012, Boston, $87M)
IT Service Management for the Cloud
Meritech Capital Partners, .406 Ventures, Sapphire
Ventures, Scale Venture Partners, Kleiner Perkins

LATE STAGE
$45M - Series D May 2018
SignalFx (2013, San Mateo, $104M)
Time series DB based advanced monitoring platform
for applications and infrastructure
General Catalyst Partners, Andreessen Horowitz,
Charles River Ventures
$43M - Series C Jun 2018
NGINX (2011, Moscow, $103M)
High Performance web server and load balancer
Goldman Sachs
$42M - Series F Jun 2018
Puppet (2005, Portland, $128M)
IT Automation software provider
Cisco, True Ventures, EDBI, VMware, Kleiner Perkins
$41M - Series C Dec 2018
LightStep (2015, San Francisco, $71M)
Platform for monitoring applications based on
microservices architecture.
Altimeter Capital, Redpoint Ventures, Sequoia
Capital, Harrison Metal, Cowboy Ventures
LATE STAGE
$40M - Series D Mar 2018
Moogsoft (2011, San Francisco, $92.9M)
Machine-learning based event & alert management
and collaboration, Devops Monitoring
Goldman Sachs, HCL Technologies, Northgate
Capital, Redpoint Ventures, Singtel Innov8, ST
Telemedia, Wing Venture Capital
$40M - Series D Feb 2018
xMatters (2000, San Ramon, $88.3M)
Communication solutions for businesses
Goldman Sachs
$40M - Series C Oct 2017
Automation tools for data center management,
application development, delivery, and maintenance
GGV Capital, Redpoint Ventures, Mayfield, True
Ventures
LATE STAGE
$35M - Series C Feb 2018
InfluxData (2012, San Francisco, $59.8M)
Open Source Time Series Database
Sapphire Ventures, Harmony Partners, Battery
Ventures, Mayfield, Trinity Ventures
$30M - PE Nov 2018
SysAid (2002, Tel Aviv, $30M)
ITSM Solutions Provider
IGP
$30M - Series D Nov 2018
Samanage (2007, Cary, $77M)
IT Service Desk and Asset Management
Morgan Stanley, Marker, Viola Group, Vintage
Investment Partners, Gemini Israel Ventures,
Salesforce
$30M - Series C Sep 2018
Instana (2015, San Mateo, $57M)
APM solution for web-scale application
Meritech Capital Partners, Accel Partners

LATE STAGE
OverOps (2011, Tel Aviv, $52M)
SaaS-based application error and performance
monitoring solution
Lightspeed Venture Partners, Menlo Ventures
$30M - Series C Dec 2018
LeanIX (2012, Bonn, $40M)
SaaS solution for Enterprise Architecture and
Application Portfolio Management
Insight Venture Partners, Deutsche Telekom Capital
Partners, Capnamic Ventures, Iris Capital
$29.1M - Series C May 2018
integration
$27.5M - Series C Oct 2018
Numerify (2012, Cupertino, $88M)
Cloud-based business analytics provider
DAG Ventures, Lightspeed Venture Partners, Sequoia
Capital, Tenaya Capital
LATE STAGE
$25M - Series C Jun 2018
Devo (2011, Madrid, $71M)
Data analytics platform with industry insights
Insight Venture Partners, Kibo Ventures
$23M - Series C Nov 2017
Logz.io (2014, Tel Aviv, $47M)
Enterprise grade ELK as a service
OpenView, 83North, Vintage Investment Partners,
Giza Venture Capital
$22.5M - Series C Dec 2018
QualiSystems (2007, Santa Clara, $38.8M)
Test automation software & cloud infrastructure
management software
Jerusalem Venture Partners, Kreos Capital,
Evergreen Venture Partners, Gemini Israel Ventures,
Dell Technologies, Orr Partners
$20M - Series C Feb 2017
IT Service Desk and Asset Management
Salesforce, Gemini Israel Ventures, Marker, Vintage
Investment Partners, Viola Group
LATE STAGE
$20M - Series C Oct 2017
OpsRamp (2014, San Jose, $20M)
Platform for monitoring the uptime and
performance of IT infrastructure in enterprises
Sapphire Ventures
$15.6M - Series C May 2018
Auvik (2011, Kitchener, $33.5M)
Network monitoring, configuration & management
automation solution
OpenView, Celtic House Venture Partners, Rho
Canada Ventures
$14.7M - PE Feb 2018
Resolve Systems (2008, Irvine, $14.7M)
Incident resolution automation and network
orchestration solutions provider
$12.7M - Series D Aug 2018
Apica (2005, Stockholm, $37.4M)
Solutions for application performance testing and
monitoring
Industrifonden, SEB, KTH Chalmers Capital

LATE STAGE
$12M - Series D Sep 2017
Apica (2005, Stockholm, $37.4M)
Solutions for application performance testing and
monitoring
Oxx, Nordic Venture, SEB, Chalmers Capital
$1.8M - Series D Jun 2018
xMatters (2000, San Ramon, $88.3M)
Communication solutions for businesses
$1.5M - Series C Mar 2018
Embotics (2006, Ottawa, $26.5M)
Cloud Management Software
$1M - PE Jul 2018
Netreo (2000, Irvine)
Web-based platform for monitoring the network
Saratoga Investment
$500k - Series C Jun 2018
Embotics (2006, Ottawa, $26.5M)
Cloud Management Software
LATE STAGE
PE Jul 2018
Software Growth Partners
PE Jun 2018
Finrock Growth Partners
Series D Jul 2018
Datadog (2010, New York City, $147M)
SaaS based metrics & event monitoring and analytics
solution
IVP
Series C Jan 2018
AppNeta (2000, South Boston, $55.8M)
Full stack application performance monitoring
solutions
Rubicon Technology Partners
EARLY STAGE
$50M - Series B Feb 2017
integration
KKR
$44.8M - Series B Nov 2017
Kaseya (2000, Waltham, $44.8M)
IAM & IT asset management Software
Ireland Strategic Investment Fund
$26.5M - Series A Nov 2017
Scalyr (2011, Portola Valley, $34.1M)
Log Management SaaS
Shasta Ventures, Bloomberg Beta, Susa Ventures,
Heroic Ventures
$25M - Series B Jan 2019
Electric (2016, New York City, $37.3M)
Develops a chatbot-based IT troubleshooting system
for enterprises
GGV Capital, Bessemer Venture Partners

EARLY STAGE
$25M - Series B Dec 2018
LogDNA (2013, San Francisco, $33.4M)
Cloud-based log management system
Y Combinator, Initialized Capital, Emergence Capital,
Providence Equity Partners
$23M - Series B Nov 2017
BigPanda (2012, San Francisco, $57.5M)
Data analytics based automated IT incident
management solution
Greenfield Partners, Sequoia Capital, Battery
Ventures, Mayfield, Glynn Capital
$23M - Series A Jun 2018
CloudBolt Software (2012, Rockville, $25.6M)
Enterprise IT management solutions
Insight Venture Partners
$20M - Series B Nov 2017
LightStep (2015, San Francisco, $71M)
Platform for monitoring applications based on
microservices architecture.
Sequoia Capital, Cowboy Ventures, Harrison Metal
EARLY STAGE
Instana (2015, San Mateo, $57M)
Accel Partners, Target Partners
$18M - Series B Sep 2018
Gremlin (2016, San Jose, $26.8M)
Platform for testing the issues in IT infrastructure
Redpoint Ventures
$15M - Series B Jan 2018
Nyansa (2013, Palo Alto, $27M)
Network analytics service based on full-stack user
experience
Intel Capital, Formation 8
Anodot (2014, Raanana, $26M)
Providing real time operational business insights
using machine learning algorithms
Redline Capital Management, Aleph Venture Capital,
Disruptive
EARLY STAGE
$11.8M - Series B Aug 2017
Auvik (2011, Kitchener, $33.5M)
Network monitoring, configuration & management
automation solution
OpenView, Celtic House Venture Partners, Rho
Canada Ventures
$10M - Series B Sep 2018
Blue Medora (2007, Grand Rapids, $32.6M)
Cloud System Management and APM solutions
Edison Partners
$9.3M - Series A Mar 2018
for enterprises
Bessemer Venture Partners, Bowery Capital,
Primary Venture Partner
$8.3M - Series A Jun 2017
Talla (2015, San Francisco, $12.3M)
AI enabled assistant for teams
Glasswing Ventures, Avalon Ventures, PJC, The
LAUNCH Fund, Pillar

EARLY STAGE
$8M - Series B Oct 2017
Cloud System Management and APM solutions
First Analysis, Wakestream Ventures, eLab Ventures
$7.5M - Series A Dec 2017
Gremlin (2016, San Jose, $26.8M)
Platform for testing the issues in IT infrastructure
Index Ventures, Amplify Partners
$3M - Series B Mar 2018
Intigua (2010, Herzliya, $33.3M)
Software defined & policy driven server
management tools
$1M - Series A Sep 2017
for enterprises
$869k - Series B Sep 2018
Intigua (2010, Herzliya, $33.3M)
Software defined & policy driven server
management tools
EARLY STAGE
Series B Apr 2017
St. Cloud Capital

IT Operations > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
LATE STAGE
$26M - Series C May 2017
Cloudwise (2009, Beijing, $53.3M)
SaaS services for enterprises
CBC Capital, SIG China, Sequoia China

Most Active Investors (VC, PE) by Stage in IT Operations; Last 5 years (Jan 2014-Jan 2019)
Most Active VC & PE Investors
30
IT Operations > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Bowery Capital(2 Investments)
Electric, Metricly
1
Tahoma Advisors (2 Investments)
Kentik, Automox
2
Karma Ventures(2 Investments)
SpectX, Plumbr
3
GV
Scalyr
4
Shasta Ventures
FogLogic
5
Foundation Capital
Opas AI
6
Harrison Metal
Backplane
7
First Round Capital
Kentik
8
High-Tech Grunderfonds
replex
9
Partech
NetBeez
10
EARLY STAGE
Sequoia Capital (4 Investments)
BigPanda, Numerify, Wavefront
1
Battery Ventures(4 Investments)
InfluxData, BigPanda, OpsGenie
2
Mayfield(3 Investments)
InfluxData, HashiCorp, BigPanda
3
Intel Capital (3 Investments)
Nyansa, Intigua, Prelert
4
OpenView(3 Investments)
Datadog, Logz.io, Auvik
5
Insight Venture Partners (3 Investments)
OwnBackup, LiveAction Software, CloudBolt Software
6
New Enterprise Associates(2 Investments)
VividCortex, OpsClarity
7
Bessemer Venture Partners (2
Investments)
PagerDuty, Electric
8
True Ventures (2 Investments)
HashiCorp, Twin Prime
9
Accel Partners (2 Investments)
Instana, Humio
10
LATE STAGE
Sapphire Ventures (5 Investments)
Sumo Logic, InfluxData, CloudHealth Tech
1
IVP (4 Investments)
Sumo Logic, Datadog, HashiCorp
2
Harmony Partners (3 Investments)
InfluxData, Zerto, Loggly
3
Tenaya Capital (2 Investments)
ThousandEyes, Numerify
4
LeanIX, Devo
5
Meritech Capital Partners (2 Investments)
CloudHealth Tech, Instana
6
Industry Ventures(2 Investments)
AppDynamics, Axcient
7
EDBI (2 Investments)
Puppet, Druva
8
Triangle Peak Partners (2 Investments)
Puppet, Boundary
9
Sequoia Capital
Sumo Logic
10

IT Operations > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in IT Operations; Last 5 years (Jan 2014-Jan 2019)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Techstars(5 Investments)
Keymetrics, Datapath.io, Embrace.io
1
Y Combinator(4 Investments)
NetBeez, LogDNA, Neptune.io
2
500 Startups(4 Investments)
Mobingi, IsItUp.com, Nazar
3
Jerusalem Venture Partners(3
Investments)
ControlUp, QualiSystems, Loom Systems
4
Acceleprise(2 Investments)
CloudAdmin, UserPod
5
The Hive(2 Investments)
Peritus, Perspica
6
The Fabric(2 Investments)
Perspica, Lono
7
AngelPad
Hiveary
8
Alchemist Accelerator
Performance Sherpa
9
Archetype
Mobingi
10
OTHER NOTABLE INVESTORS
Goldman Sachs(6 Investments)
Spiceworks, NGINX, AppDynamics
1
VMware(3 Investments)
Blue Medora, Cloudify, Apteligent
2
Salesforce(3 Investments)
ThousandEyes, OwnBackup, Samanage
3
JMI Management(2 Investments)
Scalable, Configuresoft
4
T. Rowe Price(2 Investments)
Atlassian, PagerDuty
5
Morgan Stanley(2 Investments)
Samanage, GitLinks
6
Elaia Partners(2 Investments)
BMC Software, LogLogic
7
Kima Ventures(2 Investments)
LogDNA, Keymetrics
8
Cisco(2 Investments)
Puppet, VuNet Systems
9
Swisscom(2 Investments)
Boundary, SignifAI
10
DEBT INVESTORS
Western Technology Investment(13
Investments)
OverOps, ServiceMesh, StackStorm
1
Kreos Capital(6 Investments)
QualiSystems, Aternity, Indeni
2
Silicon Valley Bank(4 Investments)
AppDynamics, Samanage, Puppet
3
Hercules Capital(4 Investments)
Soasta, Druva, Gomez
4
Ares Capital Corporation(3 Investments)
Empirix, HelpSystems, Vision Solutions
5
Adams Street Partners(2 Investments)
Snow Software, Boundary
6
KKR(2 Investments)
Arago, Cherwell
7
MMV Financial(2 Investments)
xMatters, Keynote
8
NewSpring Capital(2 Investments)
Circonus, Ripple Technologies
9
Lighter Capital(2 Investments)
Panopta, BinaryWave
10

IT Operations > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/7)

IT Operations > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
40
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
PaaS
Dec 2018
DevOps
Dec 2018
AI Infrastructure
Dec 2018

FACTSHEET
Marketmap: IT Operations
42
IT Operations > Market Details > BlueBox

Key Sub Sectors
43
Key Sub Sectors in IT Operations
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
ITSM
Companies that provide solutions for IT Service Management
Atlassian (2002, Sydney, Public)
312 117 $3.6B
Companies which offer products for managing the services related to issue resolution,
deployment of ....
Apptio (2007, Washington D.C., Acquired)
LeanIX (2012, Bonn, $40M)
6 3 $181M
Companies that provide solutions for both ITSM and ITOM
InteQ Corporation (1995, Willoughby,
Acquired)
Panorama9 (2010, San Francisco, $900k)
13 7 $90.9M
Monitoring
Companies which provide applications for monitoring application, network, infrastructure,
cloud, web....
Moviri (2000, Milan)
10 1 $32.6M
Management
Companies which offer products for management of logs, servers and containers
Backplane (2015, San Francisco, $5M)
1 1 $5M
IT Operations > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/2)
44
IT Operations > Market Details > Detailed Sector Taxonomy

Detailed Sector Taxonomy (2/2)
45
IT Operations > Market Details > Detailed Sector Taxonomy

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
ITSM > Suite
Companies that provide a suite of ITSM solutions
(Companies covered 64 | Funded 17 | Total Funding $767M)
$331M
(+$266M)
6
(-)
Cherwell
(2004, Colorado Springs, $276M)
46
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets by Funding in IT Operations in last 2 years (January 2017 - December 2018)
IT Operations > Market Details > Top Markets of Investment Activity

Incubators
Seed
Series A/B Gemini Israel Ventures (#2), Insight Venture Partners (#1)
Series C+ Accel Partners (#1), Salesforce (#1)
Baramundi Mar - 2017
Acq by Wittenstein
LogicNow Jun - 2016
Acq by SolarWinds
Atlassian Dec - 2015
IPO'd on NASDAQ
Matrix42 Benelux Oct - 2015
Acq by Emeram Capital Partners
SolveDirect Apr - 2013
Acq by Cisco
iET Solutions Sep - 2011
Acq by UNICOM Global
$30M - PE
$30M - Series D
$29.1M - Series C
Cherwell (2004, Colorado Springs,
$276M)
$172M - Series C
$276M)
$50M - Series B
$276M)
$20M - Series C
Jan 2019
Alloy Software Enters Top 10 of GetApp's ITSM Category
Leaders, Newswire
Jan 2019
Confluence offers Form CPO-PQR reporting capability,
Finextra
Jan 2019
Atlassian Announces Second Quarter Fiscal Year 2019
Results, Business Wire
Jan 2019
Ivanti Names 2019 Supply Chain Partners of the Year, C
Velocity
Jan 2019
Ivanti Supply Chain Delivers Powerful Scalability with
Avalanche 6.3, PR Newswire
Jan 2019 Device42 Launches Integration with Cherwell, Citybizlist
Dec 2018
Global Clientless Remote Support Software Market 2018 –
mgar, Cisco WebEx, LogMeIn, TeamViewer, NTRglobal,
Rsupport, F5 Networks, Inc, Citrix Systems, Alabama Post
Gazette
Dec 2018
Clientless Remote Support Software Market Global Share
2019 and Analysis: LogMeIn, Bomgar, Cisco WebEx and
TeamViewer, Talk Herald
Dec 2018
Clientless Remote Support Software Market 2018 Global
Leaders Overview: F5 Networks, LogMeIn, NTRglobal,
SimpleHelp, Rsupport, Techinline, Bomgar Corporation,
Citrix Systems, openPR
Dec 2018
Dealreporter: Atlassian good acquisition target for Google,
Seeking Alpha
Dec 2018
According to New Report E-Mail Spam Filter Market 2018:
Will Led to Enormous Growth :TitanHQ, Hertza,
Hornetsecurity, SolarWinds MSP, Symantec, SpamPhobia,
Digital Journal
News
11
7
13
17
64
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
ITSM > Suite: Market Factsheet
47
Exits
Most Active Investors
Recent InvestmentsCompanies that provide a suite of
ITSM solutions
Atlassian
(2002, Sydney, $210M)
OTRS
(2003, Homburg)
Cherwell
(2004, Colorado Springs, $276M)
LogicNow
(2004, Dundee, $82.2M)
Samanage
(2007, Cary, $77M)
Top Companies
#1 Top Markets of Investment Activity
IT Operations > Market Details > Market: Suite
Companies Created 64 | Funded 17 | Total Funding $767M
0
2
4
6
$0k
$100M
$200M
$300M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Suite

ITSM > Suite: Top Companies
Market: Suite
Analyst’s Pick
integration
Soonicorn. Stage: Series C
KKR, Insight Venture Partners
Collaboration suite for software development
teams
Unicorn. Stage: Public
T. Rowe Price, Accel Partners, Herald Investment
Management
ITSM Solutions Provider
Editor's Pick. Stage: Funded
IGP
EasyVista (1988, New York City, $8.4M)
Minicorn. Stage: Public
Alto Invest, Conversion Venture Capital
Analyst’s Pick
management solution
Clearlake Capital, Tudor Funds, Clearlake Capital
Alloy Software (2002, Nutley)
Network Asset Management and Service Desk
solutions
SunView Software (2003, Tampa)
Products for configuring, managing and tracking
change requests powered by Artificial Intelligence.
TOPdesk (1993, Delft)
ITIL based service management software for IT,
Facilities Management, and eHRM help desks

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
49
ITSM > Suite: Leaderboard
Better than Market Average
Market: Suite
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Atlassian 2002 Sydney Public $210M 2 5 4 - - 77k 1.2M 3.3k 104 769 32% 6.1k 9%
4.2 Samanage 2007 Cary Series D $77M 6 - 3 - - 12k 8k 60 9 6 11% 3.6k 42%
4.1 Cherwell 2004
Colorado
Springs
Series C $276M 4 - 3 - - 8.8k 31k 46 29 2 5% 2.3k 35%
4.0 SysAid 2002 Tel Aviv Funded $30M 1 - 3 - - 4k 69k 296 3 8 3% 776 24%
3.8 Ivanti 1985
South
Jordan
Acquired - 2 5 3 3 5 5.2k 17k 53 41 4 8% 922 22%
3.6 ServiceAide 2016 San Jose Series A $12M 1 4 4 - - 128 3k 13 7 - - 11 9%
3.2 LogicNow 2004 Dundee Acquired $82.2M 2 - 4 - - 32 7k 45 - 2 5% 12 60%
3.2 NTRglobal 2000 Barcelona Series C $48.3M 2 - - - - 889 - - 9 - - -48 -5%
3.0 EasyVista 1988
New York
City
Public $8.4M 1 2 - - - 1.4k - - 11 - - -18 -1%
2.9
SolarWinds
MSP
2009 0.0 Unfunded - - - 3 - - 15k 131k 435 18 25 6% 100 1%
2.8 Nanoheal 2009 California Seed $4M 1 - - - - 293 - - 4 - - -2 -1%
2.6 ITinvolve 2011 Houston Series A $9.8M 4 - - - - 1.1k - - - - - -28 -3%
2.4
Aranda
Software
2002 Aventura Unfunded - - - 4 - - 1.3k 11k 79 - 11 16% 8 1%
2.4 NLayers 2003 Herzliya Acquired $9M 2 - - - - - - - - - - - -
2.2 Baramundi 2000 Augsburg Acquired - - - 4 - - 599 8k 20 1 3 18% - -

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
50
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies (1/3)
52
Performance indicators of public companies in IT Operations
IPO Date Company
IPO
Mcap
Exchange
Ticker
Oct 2018
SolarWinds (1999, Austin)
$4.6B NYSE:SWI
Dec 2015
Atlassian (2002, Sydney)
Collaboration suite for software development teams
$4.4B NASDAQ:TEAM
Nov 2015
ASPEED (2004, Hsinchu)
SoC system solutions provider
TPE:5274
Dec 2014
New Relic (2008, San Francisco)
SaaS Application Performance Management, Docker container
monitoring; Devops Continuous Delivery
$1.1B NYSE:NEWR
Jun 2012
ServiceNow (2004, Santa Clara)
PaaS for enterprise IT management and service management
solutions
NYSE:NOW
Apr 2012
Splunk (2003, San Francisco)
Operational data analytics for security and IT operations
$1.6B SPLK
Dec 2009
OTRS (2003, Homburg)
FRA:TR9
Dec 2006
Double-Take Software (1985, Southborough)
Disaster Recovery and Migration Software
$226M NASDAQ:DBTK
Sep 2006
Commvault (1996, Middletown)
Enterprise Backup Software and appliance
$604M NASDAQ:CVLT
IT Operations > Exit Outlook > Public Companies

53
IPO Date Company
IPO
Mcap
Exchange
Ticker
Sep 2006
Riverbed (2002, San Francisco)
WAN Optimization and application performance platform
$631M NASDAQ:RVBD
Jun 2002
QPR Software (1991, Helsinki)
Process mining using IT systems
HEL:QPR1V
Aug 2001
FalconStor (2000, Melville)
Data Migration and Disaster Recovery
NASDAQ:FALC
Apr 2001
Oxford Metrics (1984, Kidlington)
Solution for infrastructure asset management
LON:OMG
Aug 2000
OPNET Technologies (1986, Bethesda)
Application and network management
$226M NASDAQ:OPNT
Sep 1999
Keynote (1995, San Mateo)
Cloud based testing, monitoring and analytics for mobile and web
$319M NASDAQ:KEYN
Aug 1999
Quest Software (1987, Aliso Viejo)
Database and application management solutions
$534M NASDAQ:QSFT
Aug 1999
NetScout (1985, Westford)
Visual tools for network performance management
$281M NASDAQ:NTCT
Aug 1999
Mission Critical Software (1995, Houston)
Single point server administration platform
$211M NASDAQ:MCSW
Apr 1999
Marimba (1996, Mountain View)
Client and server management
$455M NASDAQ:MRBA

54
IPO Date Company
IPO
Mcap
Exchange
Ticker
Feb 1999
Intraware (1996, Orinda)
Digital delivery and entitlement management
$376M NASDAQ:ITRA
Feb 1999
Serena (1980, San Mateo)
Orchestrated IT solutions
$315M NASDAQ:SRNA
Feb 1998
Visual Networks (1993, Rockville)
Network and application monitoring
$213M NASDAQ:VNWK
Dec 1985
Dropsuite (2012, Singapore)
Back up products
ASX:DSE
Apptio (2007, Washington D.C.)
Cloud based technology business management solution
Compuware (1973, Detroit)
Platform for development, testing and monitoring
Data Storage Corp (2001, Garden City)
Solutions for disaster recovery, email-archival and Infrastructure as
a Service for enterprises
EasyVista (1988, New York City)
EPA:ALEZV
KeepItSafe (1995, Los Angeles)
Online backup and recovery
Systar Champion (2011, Saint-cloud)
Operational performance and management

Notable Acquisitions (1/8)
55
Notable Acquisitions in IT Operations
IT Operations > Exit Outlook > Notable Acquisitions
2018
Acquirer: Vista Equity Partners
Deal: $1.9B
Cloud based technology business management
solution
Acquirer: Atlassian Deal: $295M
OpsGenie (2012, Washington D.C., $10M)
IT Alert and Notifications Management
Acquirer: VMware Deal: $500M
CloudHealth Tech (2012, Boston, $87M)
IT Service Management for the Cloud
Acquirer: Splunk Deal: $120M
VictorOps (2012, Boulder, $36.3M)
DevOps Alerting & On-Call Management App
Acquirer: KKR Deal: $10B
Platform for managing the service requests related
to IT infrastructure
2018
Acquirer: Kaseya
Unitrends (1989, Burlington, $22.6M)
Integrated backup and disaster recovery solutions
LogicMonitor (2008, Santa Barbara, $152M)
Cloud-Based Performance Monitoring
Acquirer: HGGC Deal: $1.2B
HelpSystems (1982, Eden Prairie)
Security, compliance & network management for
IBM i
Acquirer: VMware
CloudVelox (2010, Santa Clara, $33M)
Hybrid cloud automation platform
Acquirer: SolarWinds
Loggly (2009, San Francisco, $47M)
Cloud-based log management service
2017
Datto (2007, Norwalk, $100M)
Backup storage provider with NAS
Acquirer: Arcserve
Zetta (2007, Sunnyvale, $45.3M)
Enterprise-grade Online Backup
Acquirer: Microsoft
Cloudyn (2011, Tel Aviv, $20.5M)
Cloud Computing Optimization
Acquirer: HGGC
IDERA (2003, Houston)
Platform for managing SQL database
Acquirer: Insight Venture Partners
Acquirer: VMware
Apteligent (2011, San Francisco, $48.7M)
Mobile App Performance Management (mAPM)

56
2017
Acquirer: Francisco Partners
SmartBear (2003, Beverly)
Software testing tools for web, mobile and desktop
applications
Acquirer: VMware
Wavefront (2013, Palo Alto, $65.5M)
Cloud based real time analytics platform for data
center infrastructure
Acquirer: Akamai
Soasta (2006, Mountain View, $78.4M)
End user experience and application performance
monitoring & analytics
Acquirer: Cisco Deal: $3.7B
AppDynamics (2008, San Francisco, $314M)
Application performance monitoring platform
Acquirer: TA Associates Management
Deal: $114M
ITRS (1997, London, $19.5k)
Real-time application performance management &
analytics for financial apllication
2017
Acquirer: Lightbend
OpsClarity (2013, Sunnyvale, $22.1M)
Monitoring and Anomaly detection for web-scale
apps
2016
Acquirer: CA Technologies Deal: $641M
Automic (1985, Bellevue)
Business and IT process automation in on-premise
and in the cloud
Acquirer: Riverbed
Aternity (2004, Hod Hasharon, $26.5M)
End user experience-centric APM
Acquirer: SolarWinds
LogicNow (2004, Dundee, $82.2M)
Integrated cloud based ITSM
Acquirer: Micro Focus Deal: $540M
Serena (1980, San Mateo)
Orchestrated IT solutions
Acquirer: Cisco Investments Deal: $260M
CliQr (2010, Santa Clara, $39.4M)
Cloud application migration, deployment and
management

57
2016
Acquirer: Fox Technologies
GroundWork (2004, San Francisco, $29M)
IT Software, Network Monitoring
2015
Acquirer: Thoma Bravo Deal: $4.5B
SolarWinds (1999, Austin, $230M)
Acquirer: Red Hat Deal: $150M
Ansible (2013, Santa Barbara, $6M)
Helping automate app deployment and
infrastructure configuration management
Acquirer: Barracuda Deal: $65M
Intronis (2003, Chelmsford, $20.9M)
Data protection solutions
Acquirer: BMC Software
Boundary (2010, Mountain View, $41M)
Application Aware Infrastructure Performance
Monitoring
Riverbed (2002, San Francisco, $68.4M)
WAN Optimization and application performance
platform
2015
Acquirer: SolarWinds Deal: $40M
Librato (2005, San Francisco, $29.3M)
Monitoring as a service

58
2014
Compuware (1973, Detroit)
Platform for development, testing and monitoring
Acquirer: Microsoft
InMage Systems (2002, San Jose, $38.3M)
Cloud-based disaster recovery and business
continuity
Acquirer: ServiceNow Deal: $100M
Neebula (2004, Hod Hasharon, $5M)
Business service management tools
2013
Acquirer: Thoma Bravo
Empirix (1992, Billerica, $44M)
Network monitoring and subscriber analytics
solutions provider
Confio Software (2004, Boulder)
Application for monitoring the performance of
databases
Acquirer: Thoma Bravo Deal: $395M
Keynote (1995, San Mateo)
Cloud based testing, monitoring and analytics for
mobile and web
Acquirer: Insight Venture Partners
Kaseya (2000, Waltham, $44.8M)
IAM & IT asset management Software
N-able (2000, Ottawa)
RMM for Managed Service Provider
2012
Acquirer: Riverbed Deal: $1B
OPNET Technologies (1986, Bethesda)
Application and network management
Acquirer: Stratus Technologies
Marathon Technologies (1993, Littleton,
$85.3M)
Disaster recovery and fault tolerance
Acquirer: Dell Deal: $2.4B
Quest Software (1987, Aliso Viejo, $11.5M)
Database and application management solutions
Acquirer: Ixia Deal: $145M
Anue Systems (2002, Austin)
Network monitoring and testing
Acquirer: ASG Technologies
NTRglobal (2000, Barcelona, $34.1M)
Remote support and access solutions
Acquirer: TIBCO Deal: $130M
LogLogic (2002, San Jose, $8.8M)
SIEM and log management company

59
2012
Acquirer: BMC Software Deal: $300M
Numara Software (1991, Tampa)
IT Operations Management
2011
Acquirer: IBM Deal: $34B
Q1 Labs (2001, Waltham, $29M)
Network security software
Acquirer: Compuware Deal: $256M
Dynatrace (2005, Waltham, $21.9M)
Application Performance Management
Coradiant (2000, San Diego, $27.7M)
End-user experience and web application
performance monitoring.
Acquirer: Cisco
newScale (1999, San Mateo, $42.2M)
Cloud automation and management software
2010
Acquirer: Ongoing Operations
Teneros (2003, Mountain View, $92.5M)
Data continuity Software
Acquirer: CA Technologies
InteQ Corporation (1995, Willoughby, $79M)
Web-based IT service management solutions
Acquirer: VMware Deal: $100M
Integrien (2001, Irvine, $31M)
Performance analytics and alerting
Acquirer: Versata
Triactive (1997, Austin, $24.3M)
Cloud-based IT systems management solutions
Nimsoft (2002, Redwood City, $22.3M)
Performance and Availability Monitoring

60
2009
Acquirer: Microsoft
Opalis (1999, Mississauga, $20M)
Software solution for IT process orchestration,
integration, and automation
Tideway (2002, London, $35.5M)
Application and asset mapping
Acquirer: Compuware Deal: $295M
Gomez (1997, Lexington, $67.5M)
Web performance monitoring solutions
NetQoS (1999, Austin, $16M)
Network performance management & application
delivery monitoring
Acquirer: McAfee Deal: $33M
Solidcore Systems (2002, Cupertino, $45.4M)
Change control software
2009
Acquirer: BakBone Software Deal: $3M
Asempra Technologies (2003, Santa Clara,
$29M)
Backup & recovery solutions for Windows
Acquirer: Cisco Deal: $105M
Tidal Software (2003, Palo Alto, $16.5M)
Application workload automation
Acquirer: Versata
AlterPoint (2001, Austin, $39M)
Network governance software
Before 2008
Acquirer: Oracle
ClearApp (2002, Mountain View, $20.2M)
Application service management
Acquirer: NetApp Deal: $160M
Topio (2001, Santa Clara, $8M)
Data replication and recovery software
Acquirer: IBM Deal: $740M
MRO Software (2000, Bedford)
Enterprise Asset Management (EAM)
Acquirer: CA Technologies
XOsoft (1999, Waltham, $30M)
Replication and high availability solution
Acquirer: SIOS Technology Group
SteelEye Technology (1999, San Mateo, $33M)
Clustering, High availability and data protection
solutions

61
Before 2008
Acquirer: Sun Microsystems
Aduva (1999, Sunnyvale, $21.8M)
Patch management tool for Linux and Solaris
platforms
Acquirer: Symantec
Relicore (2000, Burlington, $25M)
Automated datacenter change and configuration
management solution
Wily Technology (1998, Brisbane, $35M)
Enterprise application management solutions
Acquirer: OPNET Technologies
Deal: $3.5M
Altaworks Corporation (1999, Nashua, $35M)
Application performance analysis and incident
correlation
Marimba (1996, Mountain View, $14.5M)
Client and server management
Before 2008
Acquirer: Symantec Deal: $150M
PowerQuest (1993, Orem, $10M)
Data storage management and recovery software
Acquirer: Tonic Software
Appliant.com (1997, Seattle, $20M)
End-user monitoring for web applications
Acquirer: Veritas Deal: $62M
Jareva Technologies (2000, Mountain View,
$20.5M)
Products related to the automation of workflows
related to server management in enterprises
Remedy Corporation (1990, Mountain View)
Business process solutions like ITSM and CRM
software
Acquirer: NetIQ Deal: $1.4B
$10.4M)
Single point server administration platform
Before 2008
Acquirer: IBM Deal: $743M
Tivoli Software (1989, Austin, $3.5M)
System management software and services

62
Others
Acquirer: Thoma Bravo
management solution

Most Active Acquirers
63
IT Operations > Exit Outlook > Most Active Acquirers

Acqui-hires
64
List of Acqui-hires in IT Operations
Excludes all details for Chinese companies
Date Target
Jul-15 Glimpse Acq by Microsoft
Jun-15 BlueStripe Acq by Microsoft
IT Operations > Exit Outlook > Acqui-hires
View all 2 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
65
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

IT Operations > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in IT Operations; Last 5 years (Jan 2014 - Dec 2018)
Index of Most Active VC & PE Investors
SEED STAGE
Bowery Capital (2 Investments)
Tahoma Advisors (2 Investments)
Karma Ventures (2 Investments)
Lightspeed Venture Partners
Accel Partners
GV
Shasta Ventures
Index Ventures
Foundation Capital
Harrison Metal
General Catalyst Partners
Data Collective
Webb Investment Network
Runa Capital
EARLY STAGE
Sequoia Capital (4 Investments)
Battery Ventures (4 Investments)
Mayfield (3 Investments)
Intel Capital (3 Investments)
OpenView (3 Investments)
New Enterprise Associates (2 Investments)
Accel Partners (2 Investments)
True Ventures (2 Investments)
Bessemer Venture Partners (2 Investments)
Index Ventures (2 Investments)
Cisco Investments (2 Investments)
Redpoint Ventures (2 Investments)
Sutter Hill Ventures (2 Investments)
RTP Ventures (2 Investments)
LATE STAGE
Sapphire Ventures (5 Investments)
IVP (4 Investments)
Harmony Partners (3 Investments)
Tenaya Capital (2 Investments)
Meritech Capital Partners (2 Investments)
Industry Ventures (2 Investments)
EDBI (2 Investments)
Triangle Peak Partners (2 Investments)
Sequoia Capital
Battery Ventures
Accel Partners
GV
Bessemer Venture Partners
Index Ventures

Tahoma Advisors
68
Portfolio in IT Operations | Exits | Funds Link | Website | LinkedIn | Twitter
IT Operations > Investors > Tahoma Advisors
People
Investments
[Editor's Pick] Kentik (2014, San Francisco, $38.2M, Series B)
Network visibility and Analytics
IT Operations Notable Portfolio
[Soonicorn] Ambiq Micro (2010, Austin, $104M, Series D)
Low power energy microcontroller units for electronics industry
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
John Ives
Founder
Geographical Spread Stage of Entry
Jan 2019
Kentik Releases Report on 'AWS Cloud Adoption,
Visibility & Management', PR Newswire
Dec 2018
Software and Cloud Networking Veteran Alan Cohen Joins
Kentik's Board of Directors, PR Newswire
Dec 2018
DICOS and Kentik Partner to Bring Modern Network
Analytics to More Enterprises and Service Providers
Across Europe, PR Newswire
Nov 2018
Kentik Expands Analytics for Cloud with Extended
Visibility into Amazon Web Services, PR Newswire
Oct 2018
Kentik Expands into Europe to Address Growing Demand
for Modern Network Analytics, PR Newswire
Sep 2018
Kentik Provides Tata Communications with Enhanced
Network Visibility, PR Newswire
Sep 2018
Kentik Launches Self-Service Network Analytics to
Enhance Customer Experience and Revenue for
Businesses, PR Newswire
Jul 2018
New Kentik Detect Provides Visibility into Google Cloud
Platform, APMdigest
Jul 2018
Kentik Recognized as CRN 2018 Emerging Vendor, PR
Newswire
None
11 1
2013 2014 2015 2016 2017 2018
Follow On New Investments
-
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed2
-
-
-
-
US

Lightspeed Venture Partners
69
IT Operations > Investors > Lightspeed Venture Partners
People
Investments
[Minicorn] Numerify (2012, Cupertino, $88M, Series C)
Cloud-based business analytics provider
[Minicorn] OverOps (2011, Tel Aviv, $52M, Series C)
SaaS-based application error and performance monitoring solution
[Unicorn] Snapchat (2011, Los Angeles, $2.6B, Public)
Multimedia messaging application
[Unicorn] OYO Rooms (2013, Gurgaon, $2.4B, Series F)
Branded marketplace for budget hotel accommodation
[Unicorn] Epic Games (1991, Cary, $1.6B, Funded)
Cross platform game engine and game developer
[Unicorn] Byju's Classes (2011, Bangalore, $775M, Series F)
Online courses for competitive test preparation and supplementary
courses for K-12 students
[Unicorn] Rubrik (2014, Palo Alto, $553M, Series E)
De-duplicated storage based converged data management platform
[Unicorn] Guardant Health (2012, Redwood City, $550M, Series
E)
Cancer detection, care and treatment through Digital Sequencing
Technology
[Unicorn] Honest (2011, Santa Monica, $496M, Series F)
Internet-first brand of multi-category products
[Unicorn] Affirm (2012, San Francisco, $425M, Series E)
Online lending platform for purchase financing
[Unicorn] Netskope (2012, Los Altos, $400M, Series F)
Cloud access security broker solutions in enterprise
[Unicorn] Nutanix (2009, San Jose, $340M, Public)
Converged Compute and storage infrastructure
Top Exits
James Mi
Co-Founder &
Managing Director
Jan 2019
Application Performance Monitoring (APM) Software
Market: Comprehensive Study Explores Huge Growth in
Future : Leading Key Players- Oracle, AppDynamics,
Stackify Retrace, Digital Journal
Jan 2019
Container Monitoring Market Demand, Business
Strategies Including Top Key Players CA Technologies,
AppDynamics, Splunk, Dynatrace, Datadog, BMC
Software, Digital Journal
Jan 2019
Inside Central Nervous System, created by Cisco and
AppDynamics, Reseller
Jan 2019
Two years after being acquired by Cisco, AppDynamics
keeps expanding monitoring vision, TechCrunch
Jan 2019
AppDynamics Promises a Twist on AI-Enabled
Application Management, Light Reading
Jan 2019 AppDynamics Applies AIOps to Automate IT, DevOps.com
Jan 2019
Key Findings of the Website Monitoring Software Market
by Key players | LogicMonitor, AppDynamics, New Relic,
Dynatrace, Digital Journal
AppDynamics
Acq by Cisco - Mar 2017
Boundary
(2010, Mountain View, $41M)
Acq by BMC Software - Aug
2015
Riverbed
Acq by Thoma Bravo - Apr 2015
1
4
2
1 1
2
1
1
2013 2014 2015 2016 2017 2018
-
2
2
4
1
Undisclosed
Series C+
Series B
Series A
Seed6
3
-
-
-
US
Israel

Accel Partners
70
IT Operations > Investors > Accel Partners
People
Investments
[Soonicorn] Sumo Logic (2010, Redwood City, $236M, Series F)
Cloud-based log management and security analytics
[Soonicorn] PagerDuty (2009, San Francisco, $174M, Series D)
SaaS-based IT alerting & incident management system
[Minicorn] Instana (2015, San Mateo, $57M, Series C)
[Unicorn] Ola (2011, Bangalore, $2.9B, Series J)
App-based asset-light cab operator
[Unicorn] Facebook (2004, Menlo Park, $2.3B, Public)
Social networking site
[Unicorn] Spotify (2006, Stockholm, $2.1B, Public)
On-demand music streaming platform
[Unicorn] Swiggy (2014, Bangalore, $1.5B, Series H)
Online platform that delivers food from restaurants
[Unicorn] Slack (2009, San Francisco, $1.3B, Series H)
Real-time messaging, archiving and search for enterprise teams.
[Unicorn] Groupon (2008, Chicago, $1.1B, Public)
Daily deals website
[Unicorn] Cloudera (2008, Palo Alto, $1B, Public)
Commercialised versions of Hadoop distributions
[Unicorn] Deliveroo (2013, London, $958M, Series F)
Online platform to order food for delivery from partnered restaurants
[Unicorn] Dropbox (2007, San Francisco, $607M, Public)
Cloud-based file sharing and synchronization software
[Unicorn] DocuSign (2003, San Francisco, $522M, Series F)
Digital Transaction Management Tool
Top Exits
Arthur
Patterson
Co-Founder
Jim Swartz
Co-Founder
Prashanth
Prakash
Co-Founder &
Managing Director
Jan 2019
Confluence offers Form CPO-PQR reporting capability,
Finextra
Jan 2019
Atlassian Announces Second Quarter Fiscal Year 2019
Results, Business Wire
Jan 2019
Atlassian Announces Timing of Second Quarter Fiscal
Year 2019 Results, Business Wire
Dec 2018
Dealreporter: Atlassian good acquisition target for
Google, Seeking Alpha
Dec 2018 Atlassian adds postmortem feature to JiraOps, ARN
Dec 2018
Optimizely Unveils New Integration with Atlassian’s Jira
Software That Enables Developers to Track the Status of
Every Product Experiment in Real Time, AiThority
Nov 2018
Global Professional Services Automation Market Analysis
2018 : Growth by Top Companies: Changepoint
Corporation, Financialforce, Microsoft, Atlassian, Digital
Journal
Nov 2018
Qualitia Automation Studio v5.5 Supports Atlassian and
Bitbucket, DEVOPSdigest
Oct 2018
Greenlight Guru Announces New Integration With Jira
Software, Med Device Online
Wily Technology
(1998, Brisbane, $35M)
Acq by CA Technologies - Jan
2006
Hyperic
Acq by Spring - May 2009
Remedy Corporation
(1990, Mountain View)
Acq by BMC Software - Sep
2002
Atlassian
(2002, Sydney, $210M)
IPO - Dec 2015
Riverbed
Acq by Thoma Bravo - Apr 2015
1 1 1 1 1
1 1 1 1
2013 2014 2015 2016 2017 2018
1
4
3
3
1
Undisclosed
Series C+
Series B
Series A
Seed8
2
1
1
-
US
Europe
Australia
Israel

GV
71
IT Operations > Investors > GV

Shasta Ventures
72
IT Operations > Investors > Shasta Ventures

Index Ventures
73
IT Operations > Investors > Index Ventures

Foundation Capital
74
IT Operations > Investors > Foundation Capital

Harrison Metal
75
IT Operations > Investors > Harrison Metal

General Catalyst Partners
76
IT Operations > Investors > General Catalyst Partners

Data Collective
77
IT Operations > Investors > Data Collective

78
IT Operations > Investors > Giza Venture Capital

Webb Investment Network
79
IT Operations > Investors > Webb Investment Network

Runa Capital
80
IT Operations > Investors > Runa Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
81
Seed Stage
Early Stage
Late Stage

Sequoia Capital
82
IT Operations > Investors > Sequoia Capital

Battery Ventures
83
IT Operations > Investors > Battery Ventures

Mayfield
84
IT Operations > Investors > Mayfield

85
IT Operations > Investors > Insight Venture Partners

Intel Capital
86
IT Operations > Investors > Intel Capital

OpenView
87
IT Operations > Investors > OpenView

New Enterprise Associates
88
IT Operations > Investors > New Enterprise Associates

Accel Partners
89

True Ventures
90
IT Operations > Investors > True Ventures

91
IT Operations > Investors > Bessemer Venture Partners

Index Ventures
92

Cisco Investments
93
IT Operations > Investors > Cisco Investments

Redpoint Ventures
94
IT Operations > Investors > Redpoint Ventures

Sutter Hill Ventures
95
IT Operations > Investors > Sutter Hill Ventures

RTP Ventures
96
IT Operations > Investors > RTP Ventures

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
97
Seed Stage
Early Stage
Late Stage

Sapphire Ventures
98
IT Operations > Investors > Sapphire Ventures

IVP
99
IT Operations > Investors > IVP

Harmony Partners
100
IT Operations > Investors > Harmony Partners

101
IT Operations > Investors > Insight Venture Partners

Tenaya Capital
102
IT Operations > Investors > Tenaya Capital

Meritech Capital Partners
103
IT Operations > Investors > Meritech Capital Partners

Industry Ventures
104
IT Operations > Investors > Industry Ventures

EDBI
105
IT Operations > Investors > EDBI

Triangle Peak Partners
106
IT Operations > Investors > Triangle Peak Partners

Sequoia Capital
107
IT Operations > Investors > Sequoia Capital

Battery Ventures
108
IT Operations > Investors > Battery Ventures

Accel Partners
109

GV
110
IT Operations > Investors > GV

111
IT Operations > Investors > Bessemer Venture Partners

Index Ventures
112

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
113
Incubators
Other Notable Investors
Debt Investors

IT Operations > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in IT Operations; Q0 2014 - Q3 2018
Index of Ecosystem Investors
INCUBATOR
Techstars (5 Investments)
Y Combinator (4 Investments)
500 Startups (4 Investments)
Jerusalem Venture Partners (3 Investments)
Acceleprise (2 Investments)
The Hive (2 Investments)
The Fabric (2 Investments)
AngelPad
Alchemist Accelerator
Archetype
Startupbootcamp
Wayra
Innovation Works
Capital Factory
StartupYard
OTHER NOTABLE INVESTORS
Goldman Sachs (6 Investments)
VMware (3 Investments)
Salesforce (3 Investments)
JMI Management (2 Investments)
T. Rowe Price (2 Investments)
Morgan Stanley (2 Investments)
Elaia Partners (2 Investments)
Kima Ventures (2 Investments)
Cisco (2 Investments)
Swisscom (2 Investments)
Silver Lake (2 Investments)
Riverwood Capital (2 Investments)
Altimeter Capital (2 Investments)
Arrowroot Capital (2 Investments)
Hancock Capital Management (2 Investments)
DEBT INVESTORS
Western Technology Investment (13
Investments)
Kreos Capital (6 Investments)
Silicon Valley Bank (4 Investments)
Hercules Capital (4 Investments)
Ares Capital Corporation (3 Investments)
Adams Street Partners (2 Investments)
KKR (2 Investments)
MMV Financial (2 Investments)
NewSpring Capital (2 Investments)
Lighter Capital (2 Investments)
Providence Equity Partners (2 Investments)
Idinvest Partners
Ardian
Pinnacle Ventures
BlackRock

Techstars
115
IT Operations > Investors > Techstars
People
Investments
[Editor's Pick] Embrace.io (2016, Culver City, $2.5M, Seed)
Metrics related to the performance of an application from the end
user's perspective
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Soonicorn] ClassPass (2011, New York City, $307M, Series D)
Membership programs for fitness classes across multiple gyms
[Soonicorn] Remitly (2011, Seattle, $227M, Series D)
Cross-border money transfer using banking networks.
[Soonicorn] DataRobot (2012, Boston, $225M, Series D)
Automated machine learning platform for data science applications
[Soonicorn] Leanplum (2012, San Francisco, $145M, Series D)
Mobile A/B testing, personalization & analytics platform
[Soonicorn] DigitalOcean (2011, New York City, $134M, Series
B)
Cloud computing platform to build, deploy and scale cloud applications
[Soonicorn] Outreach (2013, Seattle, $125M, Series D)
SaaS based Lead Engagement Tools
[Soonicorn] Sphero (2010, Boulder, $108M, Series D)
Smartphone controlled robotic gaming toy for kids
[Soonicorn] Placester (2008, Cambridge, $101M, Series D)
Real Estate Marketing platform
[Soonicorn] Latch (2014, New York City, $96M, Series B)
Smart locks for homes, offices and apartment buildings
[Soonicorn] Degreed (2012, San Francisco, $85.6M, Series C)
e-Portfolio assessment
Top Exits
David Cohen
Co-Founder & Co-CEO
Brad Feld
Co-Founder & Partner
David Brown
Co-Founder & Co-CEO
May 2017
Embrace.io raises $2.5M to track mobile app
performance, Starter Incubator
Feb 2017 Keymetrics Raises $2M in Funding, FinSMEs
Feb 2017
Keymetrics is a Node.js monitoring tool for your server
infrastructure, TechCrunch
Feb 2016
Network performance platform datapath.io raises $1.1
million in seed funding - Tech.eu, Tech.eu
Feb 2016 Details : Target Partners, Target Partners
Jun 2015
Techstars Berlin: 10 Startups sind bei der Premiere dabei
- deutsche-startups.de, deutsche-startups.de
Jun 2015
Introducing the Inaugural 2015 Berlin Class - Techstars,
Techstars
VendorHawk
(2015, Seattle, $1.2M)
Acq by ServiceNow - Apr 2018
3
2
2013 2014 2015 2016 2017 2018
-
-
-
-
5
Undisclosed
Series C+
Series B
Series A
Seed3
2
-
-
-
US
Europe

Y Combinator
116
IT Operations > Investors > Y Combinator
People
Investments
[Soonicorn] PagerDuty (2009, San Francisco, $174M, Series D)
SaaS-based IT alerting & incident management system
[Soonicorn] InfluxData (2012, San Francisco, $59.8M, Series C)
Open Source Time Series Database
[Unicorn] Airbnb (2008, San Francisco, $3.4B, Series F)
Marketplace for vacation rental accommodations
[Unicorn] Instacart (2012, San Francisco, $2.8B, Series G)
Marketplace for same-day grocery delivery
[Unicorn] DoorDash (2013, Palo Alto, $978M, Series E)
On-demand food delivery marketplace
[Unicorn] Stripe (2010, San Francisco, $756M, Series E)
Web & Mobile Payments for Developers
[Unicorn] Dropbox (2007, San Francisco, $607M, Public)
Cloud-based file sharing and synchronization software
[Unicorn] Zenefits (2013, San Francisco, $584M, Series C)
SaaS HR Platform for SMBs
[Unicorn] Coinbase (2012, San Francisco, $547M, Series E)
Digital currency exchange & wallet provider
[Unicorn] Ginkgo Bioworks (2008, Boston, $429M, Series D)
Designs microbes to produce cultured ingredients
[Unicorn] Gusto (2011, San Francisco, $316M, Series C)
Cloud-based HRMS and payroll management solution
[Unicorn] Docker (2008, San Francisco, $273M, Series E)
LXC based OS-level virtualization technology and PaaS
[Unicorn] MZ (Machine Zone) (2008, Palo Alto, $263M, Series B)
Mobile game developer
Top Exits
Jessica
Livingston
Co-Founder & Partner
Trevor
Blackwell
Co-Founder
Paul Graham
Co-Founder
Robert Morris
Co-Founder
Jan 2019
InfluxData Names New Engineering and Sales Executives
to Accelerate Growth and Continue Time Series Database
Category Leadership, Business Wire
Nov 2018
InfluxData and Sensu Offer Joint Solution to Handle Time
Series Data in Event Monitoring Pipeline, Business Wire
Nov 2018
InfluxData Introduces Performance and Data Compaction
Enhancements, ReadITQuik
Nov 2018
InfluxData bets the company on a market for its time
series data platform - SiliconANGLE, SiliconAngle
Nov 2018
InfluxDB 1.7 Adds Query Performance and Data
Compaction Enhancements, APMdigest
Oct 2018
DB-Engines’ Latest Industry Results Reveal InfluxData’s
Overwhelming Leadership Position in Rapidly Growing
Time Series Database Category, Digital Journal
Oct 2018
InfluxData Announces Integration with Google Cloud IoT
Core, ReadITQuik
Sep 2018
InfluxData Time Series Database Uniquely Enables
Organizations to Realize Real-time Decision Making
Benefits of Machine Learning Systems, Business Wire
StatusPage.io
(2013, Mountain View, $100k)
Acq by Atlassian - Jul 2016
1 1
2
1 1
2
2013 2014 2015 2016 2017 2018
-
-
-
-
8
Undisclosed
Series C+
Series B
Series A
Seed8
-
-
-
-
US

500 Startups
117
IT Operations > Investors > 500 Startups
People
Investments
[Unicorn] Credit Karma (2007, San Francisco, $370M, Series D)
Aggregator of various consumer financial products.
[Unicorn] Intercom (2011, San Francisco, $241M, Series D)
Customer communication and Retention Platform
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Unicorn] Gitlab (2014, San Francisco, $166M, Series D)
Code collaboration tool
[Unicorn] Talkdesk (2011, San Francisco, $128M, Series B)
Browser based call center
[Soonicorn] Smule (2008, San Francisco, $176M, Series F)
Developer of social music creation and sharing apps
[Soonicorn] Udemy (2010, San Francisco, $173M, Series D)
Marketplace for online courses
[Soonicorn] Carousell (2012, Singapore, $172M, Series C)
P2P listing platform for multi-category pre-owned products
[Soonicorn] Akulaku (2016, Pasig, $145M, Series C)
Mobile app which gives cardless installment payment
[Soonicorn] Flywire (2009, Boston, $137M, Series D)
Global money transfer in local currency
[Soonicorn] Breather (2012, Montreal, $120M, Series D)
On-demand Private Room Reservation
[Soonicorn] Lucid Software (2009, Salt Lake City, $114M, Series
C)
Visual Communication Software
[Soonicorn] uBiome (2012, San Francisco, $110M, Series C)
Citizen science startup to sequence the human microbiome
Top Exits
Christine Tsai
CEO
Dec 2018
Cloud Backup Solution Dropsuite Integrated With
interworks.cloud, HostingJournalist
Sep 2018
ALSO Enhances Backup Offer by Partnering with
Dropsuite to add Office 365 Backup to the Cloud
Marketplace, PRWeb
Sep 2018
Dropsuite Secures Distribution Deal with Giacom, One of
the Largest Hosted Exchange Distributors in the UK,
PRWeb
Jul 2018
Dropsuite and Squalio Group in Data Protection
Partnership, StorageNewsletter
Jul 2018
Dropsuite Ltd paid users of global cloud software
platform up 33% in three weeks, Proactive Investors
Jun 2018
Dropsuite and Vietnam Hosting Provider Mat Bao Join
Forces, StorageNewsletter
Apr 2018
Brazilian Online Content and Digital Services Company
UOL Selects Dropsuite, StorageNewsletter
Apr 2018
Dropsuite Insights Module for Email Backup and
Archiving Software, StorageNewsletter
Feb 2018
Dropsuite, Simply Mail Solutions Kick Off Backup
Partnership, StorageNewsletter
Dropsuite
(2012, Singapore, $5M)
IPO - Dec 1985
11 1 1
1
2013 2014 2015 2016 2017 2018
1
-
-
-
4
Undisclosed
Series C+
Series B
Series A
Seed2
2
1
-
-
SEA
Latam
Japan

Jerusalem Venture Partners
118
IT Operations > Investors > Jerusalem Venture Partners

The Hive
119
IT Operations > Investors > The Hive

The Fabric
120
IT Operations > Investors > The Fabric

AngelPad
121
IT Operations > Investors > AngelPad

Tracxn - IT Operations Startup Landscape

Tracxn - IT Operations Startup Landscape

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