Unicorn BigPanda acquires Velocity at valuation below $22 million raised
The deal brings the system reliability startup under BigPanda’s AI operations umbrella as the Israeli unicorn deepens its automation push.
Israeli unicorn BigPanda is acquiring Velocity, a company specializing in system reliability management and supporting response teams during major incidents.
Full list of Israeli startup M&As in 2025
Velocity has raised approximately $22 million to date, and Calcalist has learned that the acquisition value will be lower than the total amount it raised.
BigPanda has raised about $340 million across several funding rounds, most recently at a valuation of around $1.2 billion. Its investors include Advent International, Insight Partners, Battery Ventures, Sequoia, Greenfield Partners, and others.
BigPanda automates operational processes across enterprise IT systems, helping predict and prevent failures before they affect customers. The acquisition of Velocity deepens that capability: the company’s expertise, technology, and customer-focused approach align naturally with BigPanda’s mission.
The deal comes as organizations worldwide seek to shift from reactive, manual operations to proactive, AI-driven automation, aimed at reducing operational costs and freeing employees from repetitive tasks.
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Velocity was founded at the end of 2020 by CEO Tal Kain and CTO Kobi Meirson who met during their military service in Unit 8200. Meirson left the company in 2022.
As part of the acquisition, Kain will join BigPanda as Vice President of AI Detection and Response. Kain brings decades of experience managing technical teams and building AI systems in complex environments. Before founding Velocity, he held senior roles at several startups acquired by Oracle, Verint, and PSG.
“BigPanda is defining what Agentic IT Operations looks like in the enterprise, and our customers are already realizing powerful and measurable outcomes,” said Assaf Resnick, CEO and co-founder of BigPanda. “With Velocity, we’re accelerating that vision with world-class talent, proven technology, and shared belief in how agentic AI will redefine IT Operations.”
