Monq AIOps SIA Raises $1.5M in Seed Funding

Monq Lab

Monq Lab, a Riga-based provider of an enterprise-grade topology-based AIOps incident management and automation platform, has raised $1.5M Seed funding.

Ratmir Timashev (ex-CEO and co-founder at Veeam) led the round along with other investors.

The funds will be used by the company to expand its marketing and sales operations in North America, EMEA and Europe.

Nikolay Ganyushkin is the CEO and founder of Monq. Monq offers an AIOps-based automation platform. It analyzes data from various monitoring systems and automatically detects topology. It also controls infrastructure and application health. Monq also provides incident remediation processes built using a low-code engine. All this while keeping security in mind.

It has an extensible, flexible and extensible architecture. All connectors and plug-ins can be customized easily. Customers have the option to create their own integrations or to use an existing one. Use synthetic tests to test business processes, services health data, and other information from Dynatrace or AppDynamics. The topology can be found in VMware vCenter and Kubernetes within three (3) minutes. Users can also instantly link it with a modern infrastructure monitoring tool like Zabbix, Prometheus or DataDog.

Monq Free Community Edition is also available from the company. This edition is a free version of the company’s flagship product.

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