Observe, a San Mateo, CA-based SaaS observability company, raised $115M in Series B funding.
The round was led by Sutter Hill Ventures with participation from existing investors Capital One Ventures and Madrona and new investor Snowflake Ventures.
The company intends to use the funds to expand its market presence in North America and to continue to more than double the size of its business.
Led by CEO Jeremy Burton, Observe is an observability company working on how business data is stored, managed and analyzed. It eliminates silos of logs, metrics and traces by storing all data in a single data lake. The company’s Data Graph technology enables users to troubleshoot distributed applications three times faster than competing observability solutions.
Brands such as Capital One, Topgolf and F5 use Observe to turn their business data into actionable information.
Observe recently released Project Hubble — scaling to over one petabyte per day and delivering the latest GenAI innovations such as O11y GPT and OPAL Co-Pilot — along with Trace Explorer, a new environment for analyzing distributed tracing data.
FinSMEs
27/03/2024