Dror Mann
Co-Founder
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Loom Systems
Former names:
Artificial Intelligence for Predicting and Preventing IT Issues in Digital Businesses
Stealth Mode
by ServiceNow on Jan 2020 - closed due to acquisition
Loom Systems
Loom Systems Overview
Loom Systems offers an AI-enabled, real-time predictive log analytics platform designed to predict and prevent digital customer experience issues before clients are affected. Its solution provides smooth IT operations with no downtime, outages, or threat to ongoing activity.
The company's virtual data analyst, Sophie, offers real-time full visibility across the IT stack to ensure end-user satisfaction. Loom helps the client's IT operations run smoothly, enabling their team to become proactive and smarter about IT issues.
Loom clients have benefitted from reduced operational expenses, improved service-level agreements, up to a 45% decrease in mean time to repair, a self-sufficient L1 support team with up to a 50% decrease in escalations, and a fast time to value with Loom Systems' AI Ops Playbook.
The company's virtual data analyst, Sophie, offers real-time full visibility across the IT stack to ensure end-user satisfaction. Loom helps the client's IT operations run smoothly, enabling their team to become proactive and smarter about IT issues.
Loom clients have benefitted from reduced operational expenses, improved service-level agreements, up to a 45% decrease in mean time to repair, a self-sufficient L1 support team with up to a 50% decrease in escalations, and a fast time to value with Loom Systems' AI Ops Playbook.
Cumulative Funding Raised Over Time ($)
Employees Over Time
Loom Systems Climate Tech relevance
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Jan 22, 2020
www.calcalistech.com
ServiceNow Acquires IT Startup Loom Systems
#Acquisition
Nov 20, 2019
www.prnewswire.com
Loom Systems Raises $10 Million to Predict IT Incidents With AIOps
#Investment #Expand
Aug 3, 2017
www.globenewswire.com
Loom Systems Announces New Advances to its AI-Powered Log Analysis Platform
#Customers #Partners
May 18, 2017
www.businesswire.com
Loom Systems Selected as a Gartner "Cool Vendor" in Performance Analysis
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Locations
Israel
Yigal Alon Street 126, Tel Aviv-Yafo, Israel
Offices Abroad
1161 Mission Street, San Francisco, CA 94103, USA
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Loom Systems Demo
Loom Systems Business
Sector
Primary:
Target Customer
Core Technology
Use Cases
(0)Tech Community Involvement
(0)Tags
(19)
enterprise-solutions
predictive-analytics
artificial-intelligence
banks
isp
insurance-companies
monitoring
data-analytics
anomaly-detection
detection
machine-learning
mobile-carriers
service-providers
healthcare-providers
big-data-analytics
it-management
operations-optimization
siem
root-cause-analysis
Loom Systems Financials
Cumulative Funding Raised Over Time ($)
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Public Offerings & Exits
M&A
EXIT
$58.4M
Jan 2020
Type
Acquisition
Was acquired by
ServiceNow
$58.4M
Private Equity Funding
Non-Equity Funding
Mergers and Acquisitions
Loom Systems Lifecycle
Cumulative Funding Raised Over Time ($)
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Closing Event
Mar 2020
M&A
EXIT
$58.4M
Jan 2020
Type
Acquisition
Was acquired by
ServiceNow
$58.4M
Program
Dec 2017
Hub
Name
The Builders
Batch
#4 2017
Program
Hub
Name
SV101 By ICON
Batch
Program
Hub
Name
Siemens Dynamo
Batch
Program
Hub
Name
JVP Play
Batch
Program
Hub
Name
Oracle Startup Cloud Accelerator
Batch
Loom Systems News
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News Articles
Jan 22, 2020
www.calcalistech.com
ServiceNow Acquires IT Startup Loom Systems
#Acquisition
Nov 20, 2019
www.prnewswire.com
Loom Systems Raises $10 Million to Predict IT Incidents With AIOps
#Investment #Expand
Aug 3, 2017
www.globenewswire.com
Loom Systems Announces New Advances to its AI-Powered Log Analysis Platform
#Customers #Partners
May 18, 2017
www.businesswire.com
Loom Systems Selected as a Gartner "Cool Vendor" in Performance Analysis
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