VICTOROPS UPDATES FUNDING TO $15M

VictorOps said Monday that it raised more money from investors than it had anticipated. The Boulder firm, which provides technology to help companies better manage IT issues and software development, raised $15 million in Series B funding.

It had previously announced in November that it raised $12.2 million, which included funding from Shea Ventures, the venture arm of home builder Shea Homes.

Todd Vernon, VictorOps CEO, previously shared that the funds will be used for customer acquisition, sales and marketing and continued product development. VictorOps, which employs 45 people, expects to hire an additional 15 to 25 employees next year.

The latest round brings the company’s total funding to about $33 million.