Prelert Receives $3,750,000 Series A Financing Round

  • Feed Type
  • Date
    9/8/2010
  • Company Name
    Prelert
  • Mailing Address
    946 Great Plain Ave. Needham, MA 02492
  • Company Description
    Our Incident Cause Analysis software employs advanced pattern detection algorithms, used in DNA sequencing the human genome, to quickly and accurately analyze terabytes of IT incident data. Our product self-learns how IT resources interact and quickly identifies the causal chain of events behind service incidents.
  • Website
    http://www.prelert.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $3,750,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Prelert will use the funds to expand sales of their Incident Cause Analysis software, the first product to automatically find the causal chain of events behind business affecting IT service incidents.
  • M&A Terms
  • Venture Investor
    Sierra Ventures
  • Venture Investor
    Fairhaven Capital