TEL AVIV (Reuters) - BigPanda Inc, whose platform helps businesses detect and resolve IT outages, said on Thursday it has raised $50 million, bringing its total funding to more than $120 million.
The round was led by Insight Partners, with participation from existing investors Sequoia, Battery Ventures, and Mayfield.
The company's customers include Intel (NASDAQ:INTC), Warner Media and Workday.
BigPanda also said it will expand its research and development operations in Israel and recruit 30 new employees in the coming year.