BigPanda, Inc., a leader in AIOps Event Correlation and Automation, announced an extension of the funding round the company announced in January, with new investments from existing customers UBS and Wells Fargo. The investments in BigPanda have been made through UBS Next, UBS's venture and innovation unit, and Wells Fargo Strategic Capital.

BigPanda's mission is to change the way IT and DevOps teams manage and respond to the thousands of IT issues they face every day. BigPanda uses data science to automate the manual and time-consuming processes involved with IT Incident Management to meet the scale and fragmentation of modern data centers. BigPanda's team has decades of deep experience in data science and data center infrastructure management. Founded in 2012, the company is backed by Sequoia Capital and Mayfield and headquartered in Mountain View, CA with offices in Tel Aviv.