Appnomic Raises $22 Million in Funding
January 09, 2020
Share this

Appnomic announced a $22M round led by Avataar Ventures, as well as the appointment of high-tech veteran, Nitin Kumar, to the CEO post.

The company is pioneering AI-enabled self-healing technology, which is a game-changer for IT operations. The technology-enabled industry sectors lose $1.7 T every year globally due to downtime and information loss. While companies employ a myriad of tools to detect problems early, they still fight a losing battle as they address the issues only after incidents occur and start damaging the business.

AI is changing all of this by predicting problems before they occur, preventing them from surfacing by resolving causes automatically. The software solution offered by Appnomic enables 40+ customers who could prevent more than 250,000 severe incidents a year. This amounts to 850,000+ man-hours savings, and more than $40,000,000 in costs, excluding the impact on the customers’ brand and external relationships.

This new technology category has motivated Avataar Ventures to lead the latest round, investing $22M in Appnomic.

“Appnomic offers the industry’s first Autonomous IT Operations Software. Avataar is excited about this investment and new team,” said Mohan Kumar, Managing Partner at Avataar Ventures. “These funds will allow Appnomic to expand its global presence and market reach to enable autonomous business operations, which will save companies a tremendous amount of time and money.”

“Appnomic is years ahead of traditional monitoring, APM, AIOps and Cognitive Operations players because true AI and ML were put into use a long time ago,” explained Nitin Kumar, CEO, Appnomic. “Businesses are looking for providing better customer experiences, less downtime, and cost savings. Organizations integrating self-healing systems have a competitive advantage over those that do not. Appnomic has multiple patents in the self-healing domain and continues to innovate in this arena. The new team and I have great plans to scale this business in 2020.”

Share this

The Latest

January 23, 2020

EMA is about to embark on some new research entitled Data-Driven Automation: A Vision for the Modern CIO. We're trying to piece a puzzle together that so far we don't believe anyone to date has fully done — seek out where and how IT is moving toward integrated strategies for automation in context with real-world objectives and obstacles. We'll be looking at four use cases, each of will no doubt tell its own story ...

January 22, 2020

Many pitfalls await CIOs on the journey to the cloud. In fact, a majority of companies have been only partially successful, while some are outright failing. To learn more about this migration, Business Performance Innovation (BPI) Network surveyed IT and business executives and conducted in-depth interviews ...

January 21, 2020

The online retail industry has yet to have a Black Friday/Cyber Monday weekend unscathed by web performance (speed and availability) problems. Luckily, performance during 2019's hyper-critical online holiday shopping weekend was better than in years past, as we did not see any systemic, lengthy outages. While no website went completely down, several retailers did experience significant problems. Why have online retailers yet to figure out how to be crash-free during this all-important peak traffic period? We've identified several reasons for this ...

January 16, 2020

Gartner highlighted the trends that infrastructure and operations (I&O) leaders must start preparing for to support digital infrastructure in 2020 ...

January 15, 2020

Edge computing usage is starting to increase. The obvious follow-up question is, "So, what can I do with edge computing?" I'm glad you asked. There are lots of things you can do ...

January 14, 2020

Industry experts offer predictions on how Network Performance Management (NPM) and related technologies will evolve and impact business in 2020. Part 2 offers predictions about 5G and more ...

January 13, 2020

Industry experts offer predictions on how Network Performance Management (NPM) and related technologies will evolve and impact business in 2020 ...

January 09, 2020

With AI on the edge, companies will more easily monitor desktops, tablets and other end-user devices. AIOps will enable IT to guide employees on improving productivity from the applications installed on their devices while delivering greater visibility and control around the entire IT environment ...

January 08, 2020

2020 will see AIOps adoption going mainstream as use cases crystallize for improving IT efficiencies and supporting faster decision-making. Expect AI-enhanced automation to become smarter and more contextual, move towards the edge, and used increasingly for customer and user experience analysis. Yet there are significant challenges and cautions, which will shape AI's development in not only IT but across business and society ...

January 07, 2020

Industry experts offer predictions on how Digital Transformation will evolve and impact business in 2020 ...