Artificial Intelligence for IT Operations (AIOps) Startup StackState Raises $8 Million in Funding
Utrecht, The Netherlands – January 17, 2018 - StackState, the market-leading Artificial Intelligence for IT Operations (AIOps) platform, today announced that it had raised $8 million in funding from Xebia Holding B.V., a leading Dutch IT consulting firm. StackState will use the financing to expand both its sales/marketing and technical teams to meet increasing demand and accelerate product development.
StackState redefines the market through its ability to create a comprehensive, real-time model of an enterprise's IT landscape. This unique model represents all characteristics of an IT environment, combining business services with underlying technical components, their performance, their health status, and any changes over time. StackState uses this model to deliver next-generation AIOps features such as automated root cause analysis, early warning of potential outages via machine learning, and the ability to analyze IT infrastructure using ad-hoc queries. These features enable enterprises to dramatically reduce their mean-time to repair, manage increasingly complex IT environments and improve the availability of their systems.
“We are truly humbled by the market’s tremendous response to our AIOps platform,” said Lodewijk Bogaards, CTO and Co-Founder of StackState. "Working closely with our early customers gave us great confidence. Their feedback tells us that our unique approach to bringing together large amounts of real-time, heterogeneous data of complex IT environments is spot-on. Our solution helps them deal with the challenges they face running their complex IT systems."
With this investment, Xebia Holding B.V. confirms their confidence in the company, the technology and the management. “The team at StackState built an unbelievable technology and already delivers significant value to enterprise customers,” said Daan Teunissen, CEO of Xebia Holding B.V. “We see huge growth potential in StackState.”
StackState has created the industry’s first Artificial Intelligence for IT Operations platform that delivers a real-time, comprehensive map of the enterprise IT landscape. With StackState, enterprises are able to dramatically reduce their mean time to repair, manage increasingly complex IT environments, and improve the availability of their systems. For more information, visit www.stackstate.com and follow @GoStackState on Twitter.