Prelert has raised USD3.75m in series A funding from Fairhaven Capital Partners and Sierra Ventures.
Prelert will use the funds to expand sales of its Incident Cause Analysis software, the first product to automatically find the causal chain of events behind business affecting IT service incidents.
"Prelert has proven its ability to reduce the time it takes to identify and document the cause of service disruption incidents by 90 per cent," says Rick Grinnell, managing director of Fairhaven Venture Capital. "Their product has broad applicability across a diverse set of environments, including market data systems, Web-based applications, internal network applications, and online banking systems."
"We are excited to be backing a company that will redefine the way enterprises and service providers handle business affecting incidents," says David Schwab, managing director of Sierra Ventures. "The Prelert team is a veritable ‘who’s who’ of successful entrepreneurs from the network, systems, security and service management industry."
