Welcome!

AJAX & REA Authors: Sebastian Kruk, Shelly Palmer, Elizabeth White, Piram Manickam, Subrahmanya SV

News Feed Item

PagerDuty Raises $10.7 Million Series A Funding Round Led by Andreessen Horowitz

New Funding Fuels Rapid Expansion of SaaS-Based IT Alerting & Incident Management Startup

SAN FRANCISCO, CA -- (Marketwire) -- 01/31/13 -- PagerDuty, the SaaS-based provider of IT alerting and incident management software, today announced that it has secured a $10.7 million Series A funding round led by Andreessen Horowitz, with additional participation from the Webb Investment Network (WIN), Opscode founder Jesse Robbins and existing seed investors Harrison Metal, Baseline Ventures and Ignition Partners. John O'Farrell, partner at Andreessen Horowitz, has joined the PagerDuty Board of Directors.

The new funding will be used to fuel the company's rapid global expansion, further expand its engineering and marketing teams, as well as meet increasing demand from small, mid-size and enterprise organizations worldwide.

"The shift to cloud-based architectures is unfolding across every area of IT. As expected, engineers are building and running an increasing number of 'always-on,' complex, mission-critical systems. Unfortunately, most of today's largest IT organizations still rely on cumbersome manual processes and cobbled-together solutions for incident response and remediation," said Alex Solomon, PagerDuty co-founder and CEO. "With PagerDuty's SaaS solution, IT operations and DevOps teams can drastically streamline their critical incident notification and resolution workflows, and ensure critical problems are addressed in real-time, eliminating unexpected and costly system downtime."

IT organizations large and small rely on multiple tools to monitor the various components of their IT infrastructure, including servers, networks, databases and web and mobile applications. PagerDuty is the only alerting and incident management system that aggregates errors from all of these disparate monitoring systems, including widely-used tools like Zenoss, Nagios, New Relic, Splunk, AWS Cloudwatch, Pingdom and others. Its automated on-call management and alert system notifies designated on-call engineers via phone, SMS and email in accordance with a customized notification chain. PagerDuty's mobile alert response capabilities allow engineers to take action directly from their mobile devices to ensure that every critical incident is addressed or escalated in real-time.

Thousands of organizations, including many Fortune 500 companies, use PagerDuty to simplify IT operations and improve incident alerting and management. The company currently guarantees reliable message delivery across more than 100 countries.

"Today's IT infrastructures have been heavily instrumented for incident detection, and while numerous sophisticated technologies exist to monitor for critical issues that could lead to downtime, little improvement has been made in how IT incidents are actually managed and resolved," said John O'Farrell, partner at Andreessen Horowitz. "PagerDuty is solving a critical problem that IT operations teams face and has the potential to significantly disrupt the multi-billion dollar IT Service Management market."

Online Resources

About PagerDuty
PagerDuty's SaaS alerting and incident tracking system helps IT operations and DevOps engineers resolve critical errors in their IT systems as quickly as possible. PagerDuty integrates with all IT infrastructure monitoring tools -- such as Splunk, New Relic, Nagios, Zenoss and others -- and handles the people part of the equation: alerting (via phone, SMS, email), on-call scheduling for teams, and automatic escalation of critical issues. Trusted by Fortune 500 companies and startups alike, PagerDuty customers include Microsoft, National Instruments, Electronic Arts, Adobe, Rackspace, Etsy, Square and Github. The company is headquartered in San Francisco and backed by leading venture capital firms Andreessen Horowitz, Baseline Ventures, Ignition Partners and others. For more information, visit: http://www.pagerduty.com

About Andreessen Horowitz
Andreessen Horowitz is a venture capital firm that provides seed, venture and growth-stage funding to the best new technology companies. Founded by Marc Andreessen and Ben Horowitz, Andreessen Horowitz helps entrepreneurs become successful CEOs and build important and enduring companies. Its investing partners are Marc Andreessen, Ben Horowitz, John O'Farrell, Scott Weiss, Jeff Jordan, Peter Levine and Chris Dixon, all widely recognized experts in the creation, scaling and operation of high growth technology companies. The firm has $2.7 billion under management across three funds. Among its 170 investments are Airbnb, Apptio, Box, Fab, Facebook, Foursquare, GitHub, Jawbone, Lytro, Pinterest, Quirky and Twitter. The firm was established in June 2009 and is located in Menlo Park, California. www.a16z.com

Media Contact
Katherine Nellums for PagerDuty
LEWIS PR
Email Contact
415.432.2451

More Stories By Marketwire .

Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Market Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Cloud Expo Breaking News
SYS-CON Events announced today that nfina Technologies, a provider of highly reliable cloud server products, will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York. nfina Technologies develops, manufactures, and markets highly reliable cloud server products, designed to solve the most demanding data center requirements in mission-critical cloud applications. Nfina’s staff has decades of experience in co...
SYS-CON Events announced today that OpenStack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York. OpenStack software controls large pools of compute, storage, and networking resources throughout a datacenter, all managed by a dashboard that gives administrators control while empowering their users to provision resources through a web interface. OpenStack powers some of the most widely-used SaaS app...
“Cloud has everything to do with what has happened with Big Data,” explained Jason Deck, Director of Strategic Alliances at Logicworks, in this exclusive Q&A with Cloud Expo Conference Chair Jeremy Geelan. “Big Data doesn’t exist in its easily accessible way without cloud. From reduced startup costs, to cheap storage, to fast processing, to adequate security, to the easy incorporation of third-party analytics tools, cloud made Big Data accessible to customers of all sizes, with all different bud...
As enterprises deploy private IaaS clouds into production they are reevaluating their future application delivery models. SUSE and WSO2 believe that private PaaS will leverage the automation and scalability of Private IaaS solutions, such as OpenStack-based SUSE Cloud, to deliver the secure, standardized development environments that will make migrating to an agile, serviceoriented delivery model possible. In their session at the 12th International Cloud Expo, Chris Haddad, VP of Technology Ev...
Organizations across the world are increasingly starting to see the benefits of moving more and more services to the cloud. The focus on the cost-saving potential of cloud is rapidly shifting to completely transforming the business with cloud. As organizations are investing enormous sums on technology they are starting to realize that in order to maximize the return on investment and accelerate the business transformation process the first area of focus should be people. By ensuring the organiza...
"Since Cloud Expo is running the week of June 10, we thought it'd be a great idea to schedule our Meetup this week. That way, if you have colleagues, friends, or family in town that week for the Expo, you can invite them to join you!" With those words, the OpenStack New York Meetup Group's organizer's launched a landing page this week where anyone interested can register for the June 12 evening event.
Cloud computing is transforming the way businesses think about and leverage technology. As a result, the general understanding of cloud computing has come a long way in a short time. However, there are still many misconceptions about what cloud computing is and what it can do for businesses that adopt this game-changing computing model. In his General Session at the 12th International Cloud Expo, Gene Eun, Senior Director, Oracle Cloud at Oracle, will discuss and dispel some of the common myth...
“Open source has always provided a number of benefits, including easing adoption costs, propagating a better understanding of the technology, and allowing for faster evolution and commercialization of products and services based on it,” noted Terry Woloszyn, Founder & CEO, Leeward Security Ltd., in this exclusive Q&A with Cloud Expo Conference Chair Jeremy Geelan. “This is clearly evident with the OpenStack and CloudStack,” Woloszyn continued, “and others that have been quickly commercialized as...
Cloud enables SMBs to access new, scalable resources – previously only available to enterprises – in flexible and cost-effective ways. McKinsey’s SMB Cloud Report projects the public cloud market to reach $40-$50 billion by 2015, with SMBs comprising 65% of public cloud spending in 2015. But selling cloud to SMBs raises the questions of who, what and how. In her session at the 12th International Cloud Expo, Manjula Talreja, VP of Cisco’s Global Cloud Business Development Team, will discuss the...
In the face of rapidly increasing amounts of unstructured data, industry is investing heavily to turn machines into services and connect them to analytics engines that will extract an extraordinary amount of value and unleash a productivity revolution for both businesses and consumers. In the health care, transportation and energy sectors alone, the combination of machine diagnostics software and analytics will eliminate as much as $150 billion in waste. In his session at the 12th Internation...