Advent International and Insight Partner led a $190m funding round in BigPanda.

Investment firms Advent International and Insight Partner led a $190m funding round in BigPanda, an operator of an alert correlation platform. “In the age of Covid, it's impossible to conduct commerce without a strong digital presence. This reality has fueled demand for solutions that make managing complex digital environments easier. We could not be more excited to partner with BigPanda as the leader in the increasingly critical AIOps space. Not only is BigPanda the most powerful solution in the market, but they have generated tremendous value for some of the most storied brands across sectors and we are thrilled to be working with the company as it continues innovating in the category," Eric Noeth, Advent International Partner.