INSUBCONTINENT EXCLUSIVE:
Anodot, a startup that helps customers monitor business operations against a set of KPIs, announced a $35 million Series C investment
today.Intel Capital led this round with a lot of help
New investors SoftBank Ventures Asia, Samsung NEXT and La Maison also participated along with existing investors Disruptive Technologies
L.P., Aleph Venture Capital and Redline Capital
company finds important, and it tracks it automatically and reports on changes that would have an impact on the business, according to David
When I say normal behavior, it means any time-based data in what is called a time series
And we understand all the trends of that data, and we do this autonomously without any configuration, except defining what is interesting
business money go unnoticed.This dashboard lets you monitor unusual changes in cloud costs
Image Credit: AnodotThe way it works is you connect to the systems that matter, and Anodot can review those systems, learn what constitutes
a level of normal behavior, then identify when anomalies occur
It does this by mapping against your KPIs, and this can involve thousands or even tens of thousands of KPIs based on an individual
company.As Drai points out, an eCommerce company with 1000 products in 50 countries, will have 50,000 KPIs, one for each product in each
country, and you can track these in Anodot.He says that under the current economic conditions, he is taking a two-pronged approach to
building his business involving both offense and defense
On defense, he will take a cautious approach to hiring, but he sees his product helping companies understand and control costs, so he will
continue to sell the product as a cost-saving device at a time when that is of increasing importance to businesses everywhere.The company
It currently has 70 employees and 100 paying customers including Atlassian, T Mobile, Lyft and Pandora.
