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Venture Capital News: Selector Raises $33M Series B Round

2024-11-19
SANTA CLARA, CA, Selector today announces the close of its $33 million Series B funding round.
Selector, the AIOps solution that gives the world's largest companies complete visibility and intelligence into their highly complex networks, infrastructure and applications, today announces the close of its $33M Series B funding round. The round was led by Ansa Capital, a New York City-based venture capital firm that invests in enterprise software companies at the forefront of new markets, systems, and optimized distribution models. It was joined by existing investors Two Bear Capital, Atlantic Bridge, and Sinewave Ventures, as well as AT&T Ventures, Bell Ventures, Singtel Innov8, and Hyperlink Ventures. The new investment brings Selector's total funding to more than $66 million.

Selector is an AIOps solution that gives the world's largest companies complete visibility and intelligence into their highly complex networks, infrastructure, and applications. Leading telecommunications companies, cloud service providers (CSPs) and enterprises across industries use the company's technology to ensure their networks are up, operating and generating revenue. It achieves this by eliminating the 90% of repair time teams spend manually identifying the origins of incidents and outages. Selector's AI engine interfaces directly with its industry-first network large language model (NLM) to sort through enormous volumes of data autonomously, making troubleshooting instantaneous. Now, for the first time ever, network teams are able to have real-time conversations in human language with all their data across warehouses and tooling to fix issues exponentially faster.
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