Pelion Invests In IT Alerting Developer BigPanda

Salt Lake City-based venture investor Pelion Ventures has backed a Silicon Valley developer of IT alerting tools. Palo Alto-based BigPanda reported this morning that it has raised $5M more in a Series B round, in a funding from new investor Pelion Ventures, bringing its total raised in its Series B to $21M. Other, earlier investors in the funding round included Sequoia Cpital, Battery Ventures, and Mayfield. Pelion's investment in BigPanda was led by Blake odersitzki. More information »