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Stock impact report

Exclusive: Treeline raises $25 million in Andreessen Horowitz-led funding to streamline IT services with AI [Fortune]

PagerDuty, Inc. (PD) 
Last pagerduty, inc. earnings: 3/18 04:05 pm Check Earnings Report
Company Research Source: Fortune
Recommended Video The San Francisco–based startup has raised a $25 million Series A led by Andreessen Horowitz to build what it calls a “modern IT operating system,” an AI and software-first alternative to the decades-old managed services firms still powering most corporate IT. The round comes as global IT spend is expected to climb above $6 trillion in 2026. “Basically every business in the world needs some form of IT management,” Peter Doyle, CEO and cofounder of Treeline, told Fortune . Most companies, he notes, can't afford a full in-house department, so they outsource to a managed service provider—one of roughly 40,000 firms in the U.S. alone that handle everything from onboarding employees to fixing the Wi-Fi. The product those providers sell, as he sees it, is fundamentally “people and tools.” Teams of technicians stitch together dozens of point solutions to monitor environments, provision laptops, and respond to tickets, he says. Treeline's bet is to flip that model. In Show less Read more
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