Observe Inc Secures $70M In New Funding
05/11/22, 8:00 AM
Location
san mateoMoney raised
$70 million
Industry
information technology
software
Today Observe, Inc., the SaaS Observability Company, announced new Series A-2 funding totaling approximately $70M from Sutter Hill Ventures (SHV), Capital One Ventures, and Madrona Ventures, bringing total funding to date to $114.5M. In addition, Observe announced that it has expanded its customer base over 3x and its monthly active users (MAUs) over 5x in the past twelve months. Customers now send Observe over 40TB of data each day. Users then execute over 25M queries each day, scanning almost one trillion rows on over 10PB of data.
Company Info
Location
san mateo, california, united states
Additional Info
Observe – the AI-powered observability company – is reinventing how businesses detect anomalies, troubleshoot applications, and resolve incidents to deliver exceptional customer experiences. Only Observe eliminates silos of logs, metrics, and traces by storing all data in a single, cost-efficient data lake, analyzing all telemetry data using a single language, and providing access through a single, consistent, user interface. Observe’s AI-Powered Observability enables companies to resolve software incidents three times faster at one-third the cost. Customers such as Capital One, Dialpad AI, Top Golf and more trust Observe to turn their data into actionable insights. Investors include Capital One Ventures, Evolution Equity Partners, Madrona Venture Group, and Sutter Hill Ventures.