Advent co-leads BigPanda’s $190M Series D (~$1.2B valuation)

What's the deal? In January 2022, AIOps / IT-operations platform BigPanda raised a $190 million Series D co-led by Advent InternationalDealroom has a profile for this one. Try Dealroom → and Insight Partners at a reported ~$1.2 billion valuation (TechCrunch). A $20M Series E extension followed in Aug 2022.

What they do: Event correlation / AIOps software that reduces alert noise and automates incident response for ITOps and DevOps teams (HQ Redwood City, CA).

PE angle: Late-stage growth equity from Advent Tech into a scaled SaaS platform — PE growth capital alongside Insight, not a control buyout. Amounts stored from press; do not invent other figures.

Source: TechCrunch (12 Jan 2022).