Loom Systems Raises $10 Million to Predict IT Incidents With AIOps

SAN FRANCISCO, November 20, 2019 (Newswire.com) – Loom Systems, creator of the leading predictive AIOps platform, today announced $10 million in new venture capital investment, which will help fund the company’s expansion in North America & EMEA; boost sales, marketing, and research and development; and continue its expansion into enterprise markets.

Loom’s award-winning AIOps platform, “Sophie,” detects IT issues before traditional monitoring tools by ingesting, understanding, and then trending against the richest source of machine data, logs. Loom then delivers the knowledge the frontline needs to resolve those issues quickly.

This round was led by Flint Capital, which boasts dozens of category-leading growth technology companies, such as Socure, Walkme, CyberX, BlazeMeter (acquired by Computer Associates), and AppSee (acquired by ServiceNow). Existing investors participating in this round include JVP, Meron Capital, and 31Ventures Global Innovation Fund managed by Global Brain Corporations.

“We believe that predictive intelligence driven by AIOps is a necessity in today’s complex IT environments,” said Loom co-founder and CEO, Gabby Menachem. “We’re thrilled to have Flint Capital join our existing investors as we ensure predictive IT operations intelligence is available to the entire Fortune 2000. This funding allows us to accelerate the industry-leading innovations we are bringing to the market, while we expand our sales capacity and further our expansion in North America and Europe.”

Loom grew by 3x over the past 12 months, driven by greater adoption of hybrid-cloud and microservices in enterprises. More and more Fortune 2000 enterprises are digitally transforming and turning to AI-based solutions to help them prevent incidents in increasingly complex IT environments. Loom’s market-leading AIOps platform captures logs, metrics, alerts and events, to correlate and predict IT issues before the business is impacted, while also delivering the insights and knowledge the frontline needs to resolve them quickly.

“As an investment firm, we see a lot of vendors in the market promising the benefits of AI, yet very few actually delivering on them,” said Sergey Gribov, Partner at Flint Capital. “I have extensive experience in IT operations and after an exhaustive analysis, it was obvious that Loom Systems is the rare company delivering on its promise, predicting IT issues and helping teams resolve them before critical business systems are impacted. We are very excited to partner with Loom Systems in building a global AIOps leader.”

About Loom Systems
Loom Systems’ AIOps solution predicts and solves IT incidents in enterprises undergoing digital transformation or cloud migration. Sophie, the technology behind Loom’s AIOps platform, proactively detects IT incidents, alerts IT teams before issues impact customers, and enriches alerts with insights and resolutions in plain English. Learn more by visiting www.loomsystems.com and following @Loom_Systems on Twitter.

Media Contact
Chris Dunn
press@loomsystems.com
+1-352-359-1023

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Jerusalem Venture Partners™ is a leading international Fund with strong presence in Israel and New York. For the past 30 years, JVP has been instrumental in building some of Israel’s international category leaders, scaling them to North America, Europe and Asia, with significant ownership positions. JVP invests early, taking large positions on a low-cost basis, and then invests in the companies again, to maintain and increase its position, with leading third party international Funds.

A Defining Moment for Cybersecurity, for JVP, and for Israel/US Cooperation: CyberArk’s $25B Merger with Palo Alto Networks

Last week marked a moment of both pride and reflection for all of us at JVP. The announcement of CyberArk’s $25 billion acquisition by Palo Alto Networks is not just a landmark deal in the cybersecurity landscape—it’s a powerful validation of the JVP Way, our approach to company building that continues to define our firm today.

While we are no longer CyberArk shareholders, having exited our position a few years after its IPO, we were proud to have been CyberArk’s leading and largest shareholder from its early days to several years after it became a public company and its emergence as an international category leader. While I was Chairman of the company, we partnered closely with the founders during the most formative years of its journey. Back in 2011, when many investors were ready to sell the company for $120 million, JVP chose to reinvest and increased our position to 47%, buying out early shareholders, bringing in Goldman Sachs as an equity investment partner, and partnering with management to lay the foundation for a strong international expansion. That pivotal moment gave the company the opportunity to scale into a true global market leader.

CyberArk has always been ahead of the curve—pioneering insider threat protection, secrets management, machine-to-machine authentication, and most recently, preparing the world for secure Agentic-AI infrastructure. Its merger with Palo Alto Networks positions it to lead the AI era with a fully integrated, end-to-end security platform.

We invite you to revisit JVP’s unique role in CyberArk’s growth in this Forbes feature, Reuters press, and from CyberArk’s newsroom.

This milestone is a reminder that JVP’s tried and true approach – invest, reinvest, roll up our sleeves, and work diligently alongside founders and management teams to build category leading global companies – works. The JVP Way, developed over 30 years, is what enables JVP to build companies that lead and transform industries to the benefit of our investors.

Today, we continue to apply the same methodology to our current portfolio with company after company surpassing the $100 million revenue threshold, with JVP owning 40% or more, as they too become category-leading international businesses.