# Loom Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loom-systems

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.loomsystems.com
- Total disclosed funding: $6M
- Latest round: Series A (May 3, 2017)
- Investors on record: 3

## About

Loom Systems Ltd. offers advanced AI-driven log analysis and monitoring solutions, enhancing operational efficiency and reliability for organizations across various sectors such as finance, e-commerce, and telecommunications.Founded in 2015 and headquartered in San Francisco, US, Loom Systems specializes in automating log analysis through its AI platform. In January 2020, ServiceNow entered into a definitive agreement to acquire Loom Systems Ltd., with financial terms undisclosed. The company has received a total of USD 10.00 mn from investors including Flint Capital, Global Brain, Jerusalem Venture Partners, and Meron Capital in their latest funding round, which was also their total amount raised. The CEO, Gabby Menachem, leads the company, which has completed 3 deals to date.Loom Systems offers AI-driven log analysis and monitoring solutions that improve operational efficiency and reliability. Their core product, the Loom AI platform, utilizes machine learning algorithms to automate machine data analysis, facilitating anomaly detection and predictive insights. This platform caters to various industries, addressing challenges in incident management and performance optimization, ultimately helping organizations reduce mean time to resolution (MTTR) and enhance system reliability.The company generates revenue through a subscription-based model, providing ongoing access to its AI analytics platform. Clients typically start with a pilot program that transitions into full deployment as they recognize the platform's value. Pricing tiers vary based on features and scale to meet diverse business needs, with revenue mainly arising from direct B2B transactions as companies acquire licenses for the software to bolster their operational capabilities.Loom Systems aims to leverage its recent funding from the January 2020 funding round to support product development and market expansion. Plans are in place to enhance their AI platform with new features, although specific details on upcoming products and release dates have not been disclosed. The company is also targeting expansion into new geographic regions, focusing on North America and Europe to capture a larger market share.

## Funding rounds

- Series A, May 3, 2017, $6M — Jerusalem Venture Partners, Global Brain, Meron Capital

## Investors

- Jerusalem Venture Partners (https://capitalatlas.ai/funds/jerusalem-venture-partners) — Series A
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A
- Meron Capital (https://capitalatlas.ai/funds/meron-capital) — Series A