Copado Raises $140 Million Series C Round to Expand Its DevOps Platform Across Leading Enterprise SaaS Clouds, Approaches $1.2 Billion Valuation
– Copado has raised $140m in Series C financing.
– The round was led by Insight Partners and includes participation from new investors SoftBank Vision Fund 2, Declaration Partners and DG Ventures, as well as existing investors Salesforce Ventures, ISAI Cap Venture, Lead Edge Capital, and Perpetual Investors. Strategic investor IBM Ventures also participated in the round.
– Proceeds will be used to expand its DevOps and AI-enabled testing solutions across the leading enterprise SaaS platforms driving today’s digital transformation projects.
Incident IQ Receives Growth Investment from JMI Equity
– Incident IQ is an Atlanta, GA-based service management platform for K-12 school districts.
– Company received a strategic growth investment from JMI Equity.
– The amount of the deal was not disclosed.
– The new investment will be used to accelerate the company’s development of the platform to serve other K-12 departments in addition to IT management and facilities, grow the team, enable investment in customer support and customer success initiatives, and accelerate enhanced sales and marketing programs.
Remote IT monitoring and management platform Atera raises $77M
– Atera, a remote monitoring and management (RMM) platform for IT teams, has raised $77 million in a series B round of funding led by General Atlantic.
– RMM is a category of software used by managed service providers (MSPs) and other IT professionals to control and oversee entire IT systems, including servers, desktop machines, network devices, and more.
– Atera’s software can help companies proactively address issues before they impact a customer, including automatically deploying security patches or detecting new devices on a network to install the necessary monitoring agent.
– It also supports remote access for IT troubleshooting, which is particularly notable at a time when the world has transitioned to a semi-permanent state of remote work, along with related help desk management and ticketing for prioritizing and managing any kind of IT issue.
Charlesbank Capital Partners Makes a Strategic Investment in Ivanti to Partner With Clearlake Capital and TA Associates to Accelerate Growth
– Ivanti announced that Charlesbank has signed a definitive agreement to make a strategic investment in the company.
– Charlesbank will join existing investors Clearlake Capital Group, L.P. and TA Associates as an institutional shareholder in Ivanti.
– The additional capital from Charlesbank will enable Ivanti to extend its market-leading position further through product innovation and acquisitions.
– Ivanti will continue to be led by CEO and Chairman Jim Schaper and the current management team.
Atera Raises $25M in Funding
– Atera, a Tel Aviv, Israel-based remote-first IT management company, raised $25m in funding.
– K1 Investment Management made the investment.
– The company intends to use the funds to accelerate research and development, increase service and enable accelerated global expansion.
– Atera provides an all-in-one platform that combines remote monitoring and management with helpdesk, reporting, and operations management in a single system.
Atera has raised $75m since it was founded in 2015.
ScienceLogic Raises $105 Million in New Financing to Accelerate Leadership in Growing AIOps Market
– ScienceLogic announced that it has raised $105m in growth financing.
– The round was led by Silver Lake Waterman and included participation from existing investors Goldman Sachs, Intel Capital and NewView Capital.
– The investment will support the company’s continued innovation in the AIOps market and further broaden ScienceLogic’s position within the $30+ billion IT Operations Management software market.
– ScienceLogic’s AIOps market leadership also was recently highlighted by the Forrester Wave, which included ScienceLogic as one of only three firms highlighted as AIOps Leaders – honors that further cement the company’s forward momentum.
Copado raises $96 million for Salesforce-native DevOps
– Copado, a developer operations (DevOps) platform built for Salesforce, has closed a $96 million series B round co-led by Insight Partners and Salesforce Ventures.
– This follows an initial $26 million series B investment Copado announced last summer.
– The Salesforce ecosystem could be at least 4 times larger than Salesforce itself, according to some estimates, as myriad third parties build sizable businesses off the back of the platform.
– In the past three weeks alone, we’ve seen OwnBackup raise $167.5 million at a $1.4 billion valuation to bring cloud data backups to Salesforce, while fledgling startup Scratchpad secured $13 million for a productivity workspace aimed at Salesforce-powered sales teams.
