# OverOps

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/overops

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.overops.com
- Total disclosed funding: $51M
- Latest round: Series C (Mar 20, 2017)
- Investors on record: 3

## About

OverOps, Inc. specializes in software reliability and delivery enhancement through advanced AI-driven solutions, helping organizations manage their Service Level Objectives (SLOs) more effectively.Founded in 2011 and headquartered in San Francisco, US, OverOps, Inc. focuses on improving software reliability. The company has undergone no significant pivots in its business strategy. OverOps was co-founded by Dor Levi, Janet Lawson, and Niv Steingarten, who have a history of entrepreneurship. The latest funding round was a Series C round in March 2017, where OverOps raised USD 31.43 mn from Lightspeed Venture Partners and Menlo Ventures, bringing the total amount raised to USD 31.43 mn, with a current valuation of USD 136.21 mn.OverOps offers a comprehensive suite of products designed to enhance software delivery and reliability through AI-driven solutions. Their core offering, Automated SLO Management, allows organizations to effectively manage Service Level Objectives (SLOs) and Service Level Indicators (SLIs), ensuring alignment with user satisfaction and business goals. This platform fosters collaboration among development, deployment, and reliability teams to define and track SLOs and Error Budgets, utilizing observability data from various sources. Clients across the technology and finance sectors leverage OverOps to streamline their continuous integration and continuous delivery (CI/CD) processes, with operations extending globally, including North America, Europe, and Asia-Pacific.OverOps utilizes a subscription-based revenue model, granting clients access to its Automated SLO Management platform and other services. Clients typically enter annual subscription agreements, which may include tiered pricing based on usage and specific services. These subscriptions encompass features related to Continuous Delivery, Infrastructure as Code Management, and Chaos Engineering, enabling clients to improve their software release processes while maintaining high reliability standards. The transactional structure primarily targets B2B clients, facilitating seamless integration of OverOps solutions into existing workflows.Following its Series C funding in April 2017, where OverOps raised USD 31.43 mn, the company aims to enhance its product lineup and expand into new markets. Specific plans include the design and launch of new features within its existing platforms, though no release dates have been disclosed. Geographically, OverOps is targeting further penetration within North America, Europe, and Asia-Pacific, with plans for expansion by the end of 2023. Funding from the latest round will be allocated to developing new products and increasing market outreach.

## Funding rounds

- Series C, Mar 20, 2017, $31M — Lightspeed Venture Partners, Menlo Ventures
- Series B, Dec 22, 2015, $15M — Lightspeed Venture Partners, Menlo Ventures
- Series A, Aug 6, 2014, $4.3M — Menlo Ventures, Heavybit

## Investors

- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series A, Series B, Series C
- Heavybit (https://capitalatlas.ai/funds/heavybit) — Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series B, Series C