The Gunderson Dettmer, Anchor Worldwide and Slack-backed IT management platform developer boosted its total funding to $100m through its series C round.
Electric, a US-based IT management software developer backed by corporates Gunderson Dettmer, Anchor Worldwide and Slack, has secured $40m in a series C round led by venture capital firm Greenspring Associates.
The round also featured VC firms Bessemer Venture Partners (BVP), GGV Capital, Primary Venture Partners, 01 Advisors and Vintage Investment Partners as well as fund manager Atreides Management.
Electric has developed an online platform used to manage and automate businesses’ IT infrastructure. The platform can provide day-to-day IT troubleshooting…