# Assaf Resnick

> Assaf Resnick is the co-founder and CEO of BigPanda, an AI-powered IT operations platform valued at $1.2 billion. Born in Israel and raised in Silicon Valley, he spent six years as a principal investor at Sequoia Capital Israel before leaving to build BigPanda in 2012. After pivoting from ad-tech and surviving years of near-silence in the market, BigPanda found product-market fit with large enterprises and has raised over $330 million in total funding. Today the company leads the emerging category of agentic IT operations, helping enterprise teams automate the detection, investigation, and resolution of IT incidents.

- **Role:** Co-Founder & CEO at BigPanda
- **Organizations:** BigPanda, Sequoia Capital Israel, Moody's Investor Service
- **From:** Israel
- **Nationality:** Israeli-American
- **Education:** B.S. in Business Administration, Haas School of Business, UC Berkeley
- **Known for:** Co-founded BigPanda in 2012 and scaled it to a $1.2 billion unicorn valuation, Raised over $330 million in total funding from Sequoia Capital, Mayfield, Insight Partners, and Battery Ventures, Led BigPanda to $80.4M ARR as of 2024

## Career timeline

- **Born** — Born in Israel; moved to Silicon Valley at age 4
- **Late 1990s** — Studied Business Administration at UC Berkeley Haas during the dot-com boom
- **2000-2001** — Worked in optical networking; witnessed the dot-com crash firsthand
- **2001-2002** — Traveled extensively through South America and India by motorcycle
- **2002-2005** — Analyst at Moody's Investor Service in New York
- **2005** — Moved to Israel for six months; joined Sequoia Capital's newly opened Israeli office
- **2005-2011** — Principal at Sequoia Capital Israel, focused on early and growth-stage investments in software, internet, and mobile
- **2012** — Left Sequoia to co-found BigPanda, initially focused on AI-driven online advertising
- **2013** — Pivoted BigPanda from ad-tech to AIOps after hitting a wall with the advertising direction
- **2015** — Launched BigPanda's AIOps product; declined a major acquisition offer despite minimal market traction
- **2015-2017** — 'Crickets' period - nearly two years of minimal market interest despite a real product
- **2017** — Market inflection point: a major semiconductor manufacturer standardized on BigPanda, triggering enterprise adoption
- **2021** — BigPanda reported 155% sales increase; raised $190M Series D at $1.2B valuation
- **2022** — Raised additional $20M in Series E funding; total funding reached $311M+
- **2024** — BigPanda revenue reached $80.4M ARR; company employs ~350 people
- **2025-05** — Launched BigPanda Agentic IT Operations platform targeting the $200B ITOps market
- **2025-11** — Acquired Velocity, an SRE company specializing in AI-powered incident response

## Achievements

- Co-founded BigPanda in 2012 and scaled it to a $1.2 billion unicorn valuation
- Raised over $330 million in total funding from Sequoia Capital, Mayfield, Insight Partners, and Battery Ventures
- Led BigPanda to $80.4M ARR as of 2024
- Created the 'Monitoringscape' - a mapping of 200+ IT operations vendors that established BigPanda's thought leadership
- Grew BigPanda to ~350 employees across global offices
- Survived and navigated a complete product pivot without returning investor capital
- Acquired Velocity in November 2025 to accelerate BigPanda's agentic IT operations platform
- Launched the BigPanda Agentic IT Operations platform in May 2025, targeting a $200B market
- Scaled BigPanda through 155% sales growth in 2021
- Built BigPanda into a unicorn that counts major enterprises, financial services firms, and global manufacturers as customers

## Latest updates

- **2025-11** — BigPanda acquired Velocity, an SRE company specializing in AI-powered incident response, to accelerate its agentic IT operations platform
- **2025-05** — BigPanda launched its Agentic IT Operations platform, targeting the $200B ITOps market with AI Detection and Response and AI Incident Assistant products
- **2024-01** — Resnick declared 2024 the 'tipping point' for operationalizing generative AI in enterprise IT
- **2024-01** — BigPanda revenue reached $80.4M ARR with approximately 350 employees

## Links

- Website: https://bigpanda.io
- LinkedIn: https://www.linkedin.com/in/assafresnick/
- Twitter/X: https://twitter.com/AssafResnick
- Facebook: https://www.facebook.com/bigpandaio

---

Profile page: https://yespress.io/assaf-resnick
Published by YesPress — https://yespress.io
Last updated: 2026-05-27