Bengaluru and California-based self-healing enterprise solutions provider Appnomic has raised around ₹156 crores ($22 million) in a round led by Avataar Ventures, as reported by Inc42. The enterprisetech startup plans to use the funds to expand its global presence and market outreach in order to boost autonomous IT operations across enterprises.
As a part of the startup’s restructuring, it has appointed Nitin Kumar as its CEO; Cuneyt Buyukbezci as CMO and Girish Muckai as CRO. Kumar has previously held leadership positions at leading consulting firms like HP, Deloitte, PwC and FTI. Appnomic’s founder Padmanabhan Desikachari will be the chairman of the board, post-restructuring.
Nitin Kumar, CEO of Appnomic, said, “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.”
Founded by Padmanabhan Desikachari in 2008, Appnomic is a self-healing enterprise solution provider that brings autonomic capabilities to an enterprise that are missing from monitoring, APM, AIOps and Cognitive Operations applications to help the enterprises prevent problems before they happen.
The startup claims to have helped prevent 250,000 severe incidents for its 40 customers by recognizing signals that are leading indicators of future incidents.
Other enterprisetech startups competing in the space with Appnomic include Whatfix, Tookitaki, Fireflies and ShepHertz, among others.
Earlier this year, Whatfix acqui-hired AI-powered Airim to become first adoption solution provider.