Amount Raised
$70 Million
Description
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.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech