VictorOps, the Boulder company that helps companies fix outages, said it raised $12.2 million in a new round of funding.

The financing was led by new investor Shea Ventures with existing investors Foundry Group and Costanoa Venture Capital participating.

The company said the new funds "will help to support the company’s growth and continued traction with enterprise level customers."

In a statement, VictorOps said its number of customers has increased by 64 percent and it's experienced a growth in monthly revenue of 175 percent in the last year.

Read more at the Denver Business Journal: http://bit.ly/2gKk8TA