Our Investment in VictorOps

We are pleased to announce we have led the seed round financing of VictorOps, a company based in Boulder, CO founded by serial entrepreneurs Todd Vernon, Bryce Ambraziunas, and Dan Jones.  Todd, Bryce, and Dan have worked together closely over the years as co-founders and early executives at both Raindance Communications and Lijit Networks.

This is the third time we have backed a company Todd has founded.  Todd was previously  co-founder/CTO at Raindance Communications, which we backed at Mobius Venture Capital and went public in 2000.  Todd went on to be co-founder/CEO at Lijit Networks, which Foundry Group invested in in 2008 and was acquired in 2011 by Federated Media.

VictorOps is creating an enterprise communication and collaboration platform targeted at the Ops team, aka the Network Operations team, the Tech Ops team, the Dev Ops team, etc.  The team at VictorOps has years of experience living through the grind the Ops teams faces due to unplanned yet regularly occurring outages that any company running web infrastructure inevitably faces, and VictorOps is building a “situation room” environment that enables the Ops team to quickly resolve outages, which can have disastrous (and revenue-impacting) consequences.

VictorOps will be in heads-down development mode over the next couple quarters, with a goal of getting early versions of the system in customers hands by mid-year.  We are excited to be playing a part in the “getting the band back together” dynamic behind VictorOps and looking forward to working with Todd, Bryce, and Dan.

Check out the VictorOps blog for a rundown of more detailed coverage of their December 27th, 2012 launch announcement.