Recently, Selector closed a $33 million Series B funding round led by Ansa, bringing its total funding to $66 million. The funds will be used to expand the company's footprint with new offices and staff across the U.S., Canada, Europe, Singapore, India, and Japan. The company also plans to increase its workforce from 115 to 150 next year.
Key takeaways:
- AIOps company Selector, founded by Kannan Kothandaraman and Nitin Kumar, uses data and AI to identify and fix IT problems.
- Selector's platform monitors corporate infrastructure and prescribes actions after an IT incident, with an AI-powered chat interface for users to ask questions about problems.
- Despite competition from companies like Keep, Senser, BigPanda, New Relic, and ServiceNow, Selector has managed to secure around 40 customers including AT&T, Bell Canada, and Singtell.
- Selector recently closed a $33 million Series B funding round, bringing its total raised to $66 million, and plans to use the funds to expand its footprint with new offices and staff across the U.S., Canada, Europe, Singapore, India, and Japan.