Boulder-based VictorOps raises $12.2M Series B, with profitability in sight

BOULDER – Local software firm VictorOps Inc. on Wednesday morning announced a $12.2 million Series B funding round that CEO Todd Vernon says will help the fast-growing company achieve profitability over the next two years.

The $12.2 million is actually an initial close on the Series B, which Vernon said will grow in the coming weeks.

Shea Ventures led the new round of funding, with existing investors Foundry Group and Costanoa Venture Capital also participating.

VictorOps, founded in 2012, has raised a little more than $30 million to date.

The company makes a software platform that helps development operations teams at software-as-a-service companies manage…