Loom Systems

Artificial Intelligence for Predicting and Preventing IT Issues in Digital Businesses

Business Software
Acquired (Inactive) by ServiceNow on Jan 2020 - closed due to acquisition
Acquired Tel Aviv-Yafo Founded 2015
LinkedIn
Total raised
$16.0M
Last: Series B 2019-11
Stage
Acquired
Founded
2015
Headcount
5
HQ
Tel Aviv-Yafo
Sector
Business Software

About

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.

Funding history · 2 rounds · $16.0M total

2019-11
Series B $10.0M
2017-05
Series A $6.0M

Sectors & technology

Primary sector
Business Software
Sub-sectors
Business SoftwareIT, R&D & Data SolutionsData Analysis & Decision Support
Technologies
Artificial Intelligence
Target customers
Enterprise & Professional ServicesSMBs & SMEsEnterprises
Business model
B2GB2B

Highlights

1 PatentsVerified

Tags

enterprise-solutionspredictive-analyticsartificial-intelligencebanksispinsurance-companiesmonitoringdata-analyticsanomaly-detectiondetectionmachine-learningmobile-carriersservice-providershealthcare-providersbig-data-analyticsit-managementoperations-optimizationsiemroot-cause-analysis