ControlUp Raises $27M In A Series C Funding Round, Led By JVP
Israeli-founded firm ControlUp, a company that leverages AI to help IT teams troubleshoot and remediate problems with on-premise, hybrid, and cloud infrastructure, has raised $27 million in a Series C funding round to grow its platform, the company announced on Wednesday.
The funding round was led by Jerusalem Venture Partners (JVP) and K1 Investment Management.
The round brings the company’s total funding to $40 million to date.
The latest investment will enable the company to expand its platform and market presence to monitor and dynamically optimize user experience for the enormous growth in work-from-home deployments.
Since launching in 2014, ControlUp has supported business continuity for thousands of enterprises. The company is headquartered in New York with R&D in Israel.
“ControlUp leads the next generation of performance automation of information systems, distributed among offices and endpoints, in any organization, anytime, anywhere, in a virtual or physical environment. It gives the organization a complete picture of its network performance,” says Erel Margalit, founder and chairman of JVP. “Through artificial intelligence the company enables learning of best practices in parallel networks and performance improvement in real time.”
Through it’s machine learning-based engine, ControlUp’s platform gives organizations an end-to-end view of their end-user computing environments. With much of the employed population working outside the office, the intelligence provided by ControlUp is vital to providing an optimal user experience and ensuring productive work environments.
“As we look across the business sector over the last year, it is clear that every industry has been impacted. From healthcare and finance to education and government, every industry has one clear goal: to identify and activate an agile workflow for their employees,” said Asaf Ganot, founder and CEO of ControlUp. “At ControlUp, we work to ensure that our 1,200+ worldwide enterprise customers have the resources and expertise needed to address IT management challenges, while simultaneously planning for the future. We are committed to providing the best solutions on the market to ensure companies are able to create sound workflows and achieve their overarching business goals, across an evolving array of work environments.”