Seattle's Selector Raises $32M
Seattle-based Selector has raised $32 million for its AI-powered observability platform. The company aims to use AI to eliminate system downtime in mission-critical applications, signaling continued investor demand for robust infrastructure tooling.
- This funding round doubled Selector's valuation to $375 million and follows a period where the company nearly quadrupled its annual recurring revenue. - The company was founded in 2019 by two former Juniper Networks executives, Kannan Kothandaraman (CEO) and Nitin Kumar (CTO). Their team now includes talent from other major tech companies like Uber, Meta, and Cisco. - With this new capital, Selector plans to advance its AI development, specifically in AIOps, Large Language Models (LLM), and Digital Twin technologies. The company also recently secured eight U.S. patents related to causal inference, LLM training, and predictive maintenance. - This latest round brings Selector's total funding to over $61 million since its inception. Key investors include AVP, Ansa Capital, AT&T Ventures, and Singtel Innov8. - Selector's platform provides a unified view by correlating data across different layers, including infrastructure, applications, and networks, integrating with tools like Slack, Teams, and ServiceNow. - The company reports that approximately 80% of its customers are Fortune 1000 organizations and that it recently onboarded three new Fortune 20 clients in manufacturing and healthcare. - The broader AI in observability market is projected to grow from $1.4 billion in 2023 to $10.7 billion by 2033, highlighting the increasing need for AI-driven solutions to manage complex IT infrastructures. - Selector is preparing to launch a more advanced "Agentic ChatOps" feature, designed to support more complex, multi-turn reasoning and investigation for operations teams.
