VC fundraising for IT operations management companies
IT operations management VC has been disciplined by the long incumbency of ServiceNow, BMC and Atlassian and the consolidation pressure they exert. Capital concentrates in operators with credible displacement stories or strong vertical and SMB positioning, and investors underwrite carefully on multi-year renewal economics.
Investors are enterprise-software-specialist seed and growth funds with built IT operations coverage, SMB-focused generalists backing the smaller end of the market, and corporate venture arms attached to the major enterprise IT platforms - ServiceNow Ventures invests in adjacent enterprise IT software. Flow has direct relationships across the enterprise-software funds and the enterprise-IT CVCs that back the category.
Flow has experience running VC fundraising processes for IT operations management companies across ITSM, monitoring and observability for enterprise IT, IT asset management, endpoint management and configuration, and AIOps and automation. Our extensive investor network spans early-stage seed funds, growth-stage investors, and strategic and corporate VC arms.
"IT operations management" KPIs VC investors look at
The metrics venture investors benchmark before pricing a round - in diligence, at the IC table, on the term sheet.
ARR
Net retention
Enterprise logo count
Module attach
Multi-year contract mix
ARPU per customer
Renewal rate
Services share
Gross margin
CAC payback
IT operations management valuations in May 2026
Public IT operations management comps trade at 2.5x EV/Revenue. Median revenue multiple across IT operations management VC rounds was 4.2x in the last 12 months.
2.5x
Median EV/Revenue as of May 2026 for public IT operations management companies
7.5x
ServiceNow is the highest valued public IT operations management company based on EV/Revenue (excluding outliers)
17x
Median EV/Revenue across IT operations management M&A deals in the last 12 months
4.2x
Median EV/Revenue across IT operations management VC rounds in the last 12 months
Key recent IT operations management VC rounds
$110M Series B raised by Dash0 was the largest IT operations management VC round completed in the last six months.
See all IT operations management VC rounds| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Mar-26 | Dash0 |  | Dash0 is a Berlin-based observability platform adhering to OpenTelemetry standards for monitoring applications, infrastructure, Kubernetes clusters, and websites. It delivers resource-centric metrics, traces, logs, synthetic tests, dashboards, and alerting through integrations with PromQL, Perses, and Grafana. The platform offers cost transparency and simple pricing based on data volume, requiring no vendor lock-in. Dash0 supports engineering teams at scale, processing billions of data points daily for real-time anomaly detection and performance optimization. | AccelBalderton Capital+5 | $110M | $1.0B | Series B | |
Apr-26 | Mosyle | | Mosyle is a Florida-headquartered platform delivering unified endpoint management exclusively for Apple devices in businesses and education. It combines MDM, ZTNA, browser security, password management, and certificate handling into one dashboard, supporting over 10,000 organizations globally. Deployments cover macOS, iOS, iPadOS, and tvOS fleets with automated provisioning and compliance enforcement, serving K-12 schools and Fortune 500 companies through its cloud-native infrastructure. | - | $100M | - | Undisclosed stage | |
Dec-25 | Serval | | Serval is a San Francisco-headquartered AI-native IT service management platform automating incident resolution and workflows for DevOps teams. The platform integrates with tools like Jira, Slack, and ServiceNow, using natural language processing to triage alerts and predict outages. Serval handles over 1 million incidents monthly for clients in tech and finance, reducing resolution times by automating 70 percent of routine tasks. It features conversational AI agents for self-service and analytics dashboards for IT metrics. Founded in 2022, Serval raised Series A funding to expand enterprise integrations. | General CatalystMeritech Capital Partners+2 | $75M | $1.0B | Series B | |
Mar-26 | Slide | | Slide is a London-based platform offering business continuity and disaster recovery as a service for managed service providers worldwide. Launched in 2020, it provides automated failover testing, RTO/RPO compliance, and multi-cloud backups integrating with Veeam and Azure, enabling MSPs to safeguard client data centers against ransomware in Europe and North America. | Base10 PartnersBenchstrength+7 | $70M | - | Series B | |
Mar-26 | Standard Template Labs | | Standard Template Labs offers an AI-native ITSM platform that automates IT issue resolution in place of traditional ticketing. | CRVICONIQ Capital | $49M | - | Seed | |
Apr-26 | Resolve.ai | | Resolve.ai is an AI platform that automates software production operations and incident management for engineering teams. It analyzes alerts, investigates issues in infrastructure and code, identifies root causes, and generates remediation actions. The system integrates with GitHub, observability tools, and cloud services while processing metadata securely. | DST GlobalSalesforce Ventures | $40M | $1.5B | Series A | |
Feb-26 | Nucleus Security | | Nucleus Security is a Tel Aviv-headquartered platform for vulnerability management in security operations. The company centralizes vulnerability data from scanners, cloud providers, and endpoints into a unified dashboard. Its tools prioritize risks using exploitability metrics, automate remediation workflows, and integrate with ticketing systems like Jira. Nucleus Security serves enterprises in finance, healthcare, and tech sectors to reduce mean time to resolution. | Arthur VenturesDelta-v Capital | $20M | - | Series C | |
Dec-25 | Thread | | Thread is an AI-powered service desk for managed service providers, automating ticket triage, categorization, prioritization, and responses with unified inboxes and PSA integrations at getthread.com. | HEADLINESusquehanna Growth Equity | $18M | - | Undisclosed stage | |
May-26 | e4n | | e4n is an operator-led, AI-powered platform that delivers managed services, cybersecurity, and AI adoption support. The company works with managed service providers and local IT service businesses to supply shared operating capabilities, execution assistance, and AI automation for service delivery, security operations, and sales. e4n preserves local customer ties and leadership while scaling performance through technology and processes for mission-critical IT and security services. | - | $13M | - | Undisclosed stage | |
Jan-26 | Mesh Security |  | Mesh Security is a Boston-headquartered unified SecOps platform for cloud-native environments. Launched in 2023, it ingests data from AWS, Azure, and Kubernetes via agents, correlating threats with ML models for automated response. Features include SOAR workflows and risk scoring, serving enterprises like financial institutions with compliance reporting for NIST and SOC 2. | Bright Pixellobby capital+1 | $12M | - | Series A | |
Jan-26 | MontyCloud | | MontyCloud is a cloud management platform company based in Tel Aviv, Israel. The service automates monitoring, governance, compliance, and provisioning for AWS, Azure, and Google Cloud environments. It provides dashboards for cost optimization, security audits, and infrastructure as code deployment. MontyCloud serves enterprises in finance and healthcare, integrating with tools like Terraform and Kubernetes for hybrid cloud operations. | Lytical VenturesMadrona+3 | $12M | - | Series B | |
Dec-25 | Logpresso |  | Logpresso is a Seoul-based cybersecurity company specializing in SecOps platforms for log management, SIEM, and threat hunting. The platform processes petabytes of data daily from on-premises, cloud, and hybrid environments, featuring automated parsing for over 2,000 log formats. Targeting enterprises in finance and manufacturing, Logpresso integrates with tools like Elastic Stack and Splunk. Established in 2015, the firm serves South Korean government agencies and Fortune 500 firms across Asia. | K2 Investment PartnersKB Investment+1 | $11M | - | Series B | |
Jan-26 | Risotto | | Risotto is an AI system that automates responses to IT helpdesk tickets. The platform classifies issues, retrieves knowledge base solutions, and executes scripts for common problems like password resets and software installs. Risotto integrates with ServiceNow and Jira for enterprises in tech and finance. | 645 VenturesBonfire Ventures+3 | $10M | - | Seed | |
Jan-26 | HyperFi | | HyperFi is an AI layer for IT operations that interprets user intents, integrates disparate systems, and automates complex executions in enterprise environments. | Digital Alpha | $10M | - | Seed | |
Dec-25 | Cognna |  | Cognna is a Tel Aviv-headquartered SaaS cybersecurity provider that employs cognitive artificial intelligence to bolster security operations centers. The platform excels in proactive threat detection, real-time anomaly identification, and adaptive risk management across enterprise networks. Security teams use its tools to simplify forensic investigations, accelerating incident response times from hours to minutes. Cognna integrates seamlessly with existing SIEM systems like Splunk and Elastic, serving clients in finance and healthcare sectors. Founded in 2021, the company has expanded its capabilities to include automated threat hunting and GenAI-driven analyst assistance. | BNVT CapitalImpact46+2 | $9.2M | - | Series A |
VC investors active in IT operations management
Y Combinator is the most active VC investor across IT operations management, having invested in 12 startups in the last three years.
See all IT operations management VCs| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Y Combinator | | Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks. | SonarlyCorelayerDeeptrace+2 | 12 | Pre-seed | |
Antler |  | Antler is a Singapore-headquartered global venture capital firm founded in 2017 that invests in early-stage tech companies. It operates day-zero programs in 27 cities, backing 1,000+ startups with $100 million deployed annually across AI, fintech, and sustainability. Portfolio includes unicorns like Hold One and Tiqets, with a network of 3,000 mentors and 700+ investors for follow-ons. | AlertMendSuper ITSupport Fusion+2 | 7 | Pre-seed | |
Accel | | Accel is a Palo Alto-headquartered venture capital firm investing in early and growth-stage technology companies globally. The firm backs founders in software, consumer internet, and mobile sectors with portfolio companies including Facebook, Slack, Dropbox, and Spotify. Operating funds across the US, Europe, and India since 1983, it supports over 1,000 startups. | Dash0LightrunCheckly+2 | 6 | Series B | |
Sequoia Capital | | Sequoia Capital is a venture capital firm headquartered in Menlo Park, California, with operations in the United States, China, India, and Southeast Asia. Founded in 1972, it invests in seed through growth-stage companies across sectors like consumer internet, enterprise software, healthcare, and semiconductors. The firm has backed transformative businesses including Apple, Google, WhatsApp, Airbnb, Stripe, NVIDIA, and DoorDash, achieving landmark returns from initial public offerings and acquisitions. Sequoia Capital maintains separate funds for U.S., China, and India ecosystems, supporting founders in building enduring technology leaders. | ServalCUE LabsPydantic Services+2 | 5 | Pre-seed | |
Alumni Ventures | | Alumni Ventures is a Manchester, New Hampshire-headquartered venture capital firm managing diversified portfolios for 10,000 accredited investors. Operations run 50 funds targeting seed through Series B stages in AI, biotech, and climate tech. Sourcing draws from 1,000 university alumni networks with co-investments alongside Sequoia and a16z across 1,400 portfolio firms. | ObserveSawmillsDune Security+2 | 5 | Seed | |
General Catalyst | | General Catalyst invests in early-stage to growth companies across healthcare, fintech, enterprise software, and consumer sectors from offices in Cambridge, San Francisco, and New York. The firm manages over $25 billion in assets, backing unicorns like Airbnb, Stripe, and Canva. It supports applied AI initiatives through dedicated funds and provides operational expertise via its Resilience platform. | SlideServalTsuga+2 | 4 | Series B | |
Cherry Ventures |  | Cherry Ventures is an early-stage venture capital firm investing in European technology startups. With offices in Berlin, London, and Stockholm, it has backed over 130 companies at pre-seed and seed stages, including Flix, Auto1, Flaschenpost, Amboss, Numa, Moss, The Exploration Company, Proxima Fusion, and Tacto. The firm supports founders in sectors like AI, healthcare, robotics, and consumer tech from initial strategy through scaling. | Dash0Phoebedeeploi+2 | 4 | Seed | |
Energy Impact Partners | | Energy Impact Partners is a New York-headquartered global venture capital firm managing over $2.5 billion in assets that invests in technologies accelerating the energy transition. Backed by leading energy and industrial corporations such as Exelon, Shell Ventures, and TotalEnergies, it deploys capital across venture, growth, credit, and infrastructure stages in startups focused on grid modernization, electrification, carbon capture, and renewables worldwide. | SwimlaneCiroosXona Systems+2 | 3 | Undisclosed stage | |
Arthur Ventures | | Arthur Ventures is a Minneapolis-headquartered venture capital firm investing in early- and growth-stage B2B software companies across the United States and Canada. The firm targets sectors including fintech, healthcare IT, and insurtech, with offices in Denver and Toronto. Founded in 2015, Arthur Ventures supports founders building scalable SaaS platforms serving enterprise clients nationwide. | Nucleus SecurityPKI SolutionsHandl Health | 3 | Series B | |
Base10 Partners | | Base10 Partners is a San Francisco-headquartered venture capital firm investing in enterprise software automating real economy sectors like logistics and manufacturing. The fund backs underrepresented founders with portfolio companies including Notion, Figma, and Stripe. Base10 directs half of Advancement Initiative profits to historically Black colleges for financial aid programs. It deploys capital from Seed to Series C stages. | SlideTodylLexroom.ai+2 | 3 | Series B |
Founders and investors we've worked with
We've supported winning builders across IT operations management and beyond.
Ziik
We acted as fundraising advisor to Ziik, a Copenhagen-based all-in-one social intranet and internal communication SaaS platform, on its growth funding round.
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Sentryc
We led the capital raising process for Sentryc, a Berlin-based AI-driven brand protection and IP software provider, on its growth round led by Seventure Partners.
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Picus Security
We advised PE firm Turkven on its $24m Series B investment into Picus Security, an Istanbul-based breach and attack simulation (BAS) cybersecurity platform.
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sevDesk
We advised New York-based crossover investor Arena Holdings on its €50m growth investment into sevDesk, a leading German cloud-native accounting platform for SMEs and freelancers.
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Orka
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
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