Bigeye, Sternum, Ocrolus, Panorays and Pronto raise funds | Progress enter a definitive agreement to acquire Kemp

The SaaS News Roundup

Bigeye raised $45M in Series B to scale its data observability platform, continue building its product, trust and save expensive engineering hours by assisting data teams in preventing customer-centric outages.

Ocrolus raises $80M in Series C at $500M valuation. It said it would use the proceeds from the funding to aggressively build products for the mortgage lending and banking industries, expand its US operations, ramp up hiring into 2022

Panorays, a provider of third-party security risk management, announced a $42 million Series B funding round led by Greenfield Partners. The investment will help the company strengthen its position as the global benchmark for transforming third-party security risk management.

Sternum, an endpoint security builder for IoT devices, raised $27 million in a Series B funding round led by Spark Capital to bolster its research and development and advance its scalable platform.

Pronto, a partner ecosystem management company, has announced a $4 million seed funding round led by Work-Bench. Pronto will use this investment to expand its team and accelerate the delivery of its product roadmap and innovation.

Progress, a global software company, has announced that it has entered a definitive agreement to acquire Kemp, a provider of always-on application experience (AX) for its customers, in a $258 million all-cash deal. Progress is a global software company that makes it easier to develop, deploy, and manage business applications.