The problem
IT ops teams drown in alert noise and slow manual triage, so outages last longer and cost more
What they do
AI that groups IT alerts and automates incident detection, triage and response for enterprises
Traction Revenue est. $30–40M (third-party); G2 Leader in AIOps Summer 2026; headcount falling
Hiring trend
- Open roles
- 19
- Ops roles
- 3
- Headcount
- ~320
Shrinking: ~376 → ~318 staff 2023 to 2026 (−15.5%, −4.8% YoY, Revelio); postings down 67% in 2026
Latest news
Mar 2026
Partnered with ServiceNow to embed its event intelligence and incident automation ↗Glassdoor
3.7 ★ 168 reviews ↗Funding
- Last round
- $20M
- Stage
- Series E
- Date
- Aug 2022
Led by UBS, Wells Fargo Strategic Capital (Series E extension); Jan 2022 $190M led by Advent International and Insight Partners
- Hiring+1.519 open roles on the live job board (10–29 roles = +1.5)
- Funding recency0Series E · $20M, Aug 2022 (50 months ago): over 24 months = 0
- Traction+0.75Some growth: Revenue est. $30–40M (third-party); G2 Leader in AIOps Summer 2026; headcount falling
- Red flags−22 significant flags in the last 24 months, −1 eachSecondary-market valuation est. ~$0.6B, down 51% from the $1.2B 2022 round, with no new funding in 4 years. Workforce shrinking about 15% since 2023 and job postings down 67% in 2026; Glassdoor reviews cite repeated layoffs and leadership churn.TrueUp: BigPanda secondary valuation $0.6B, down 51% from last round (Notice.co est., Oct 2026) ↗ · Revelio Labs: BigPanda headcount 376 → 318 (2023–2026), postings −66.7% in 2026 ↗ · Glassdoor: BigPanda reviews mentioning layoffs ↗
- Total0.251.5 + 0 + 0.75 − 2 = 0.25 → Cool-down
Cool-down rule: score under 1.5 and the last round is over 24 months old, with shrinking headcount or layoffs.
Distance (10K) is a separate read on how long the lead can last. It doesn't change the score.
Distance
10K · edge: hard to leave
An early AIOps leader that sits deep in enterprise IT stacks, but it is being squeezed by ServiceNow, Datadog, Dynatrace and PagerDuty bundling 'good enough' correlation. It now partners with ServiceNow for reach, and it is shrinking with no fresh capital.
Sources: BigPanda: ServiceNow partnership (Mar 2026) ↗ · Tracxn: BigPanda profile, ranked 2nd of 104 active competitors ↗ · Revelio Labs: BigPanda headcount trend ↗
Watch-outs
Secondary-market valuation est. ~$0.6B, down 51% from the $1.2B 2022 round, with no new funding in 4 years. Workforce shrinking about 15% since 2023 and job postings down 67% in 2026; Glassdoor reviews cite repeated layoffs and leadership churn.
Sources: TrueUp: BigPanda secondary valuation $0.6B, down 51% from last round (Notice.co est., Oct 2026) ↗ · Revelio Labs: BigPanda headcount 376 → 318 (2023–2026), postings −66.7% in 2026 ↗ · Glassdoor: BigPanda reviews mentioning layoffs ↗
Last checked Oct 25, 2026