OpsRamp is an IT Operations management software-as-a-service (SaaS) platform that provides visibility and control of cloud and on-premises infrastructure and point tools through discovery, monitoring, alert management, artificial intelligence, and automation. The company was co-founded in 2014 by Varma Kunaparaju and Raju Chekuri and is headquartered in San Jose, California. Kunaparaju serves as CEO as well as on OpsRamp's board of directors, of which Chekuri is chairman.
OpsRamp allows companies to monitor all of their technologies used in a hybrid IT environment through OpsRamp IT management (ITOM), including servers, storage, networks, virtualization, cloud, containers, websites, and applications. Companies can then use integrated event and incident management in order to take the right action and remedy the problem. Finally, monitoring can be automated with OpsRamp's AIOps platform. OpsRamp's technology is compatible with Amazon Web Services, Azure, Google Cloud, ServiceNow, VMWare, and Nutanix.
AIOps, short for Artificial Intelligence for IT Operations, is OpsRamp's main product for monitoring IT operations. AIOps leverages machine learning, network science, combinatorial optimization, and other computational and technological approaches in order to address IT operational problems at scale. The software's AI, called OpsQ, possesses intelligent event management, alert correlation, and rapid remediation. OpsQ can assist companies in examining incidents, establishing feedback loops between different teams, and deliver resolutions. Implementation of the AIOps software has an 87% success rate.
OpsRamp has raised $57.5 million dollars over two funding rounds since 2017. In its most recent funding round, a series C announced on January 30, 2020, the company raised $37.5 million. The round was led by Morgan Stanley Expansion Capital, with Hewlett Packard Enterprise and Sapphire Ventures also participating.
