Sift, an El Segundo, CA-based provider of an observability platform for hardware sensor data, raised $17.5M in Series A funding.
The round, which brought the total amount to $25M, was led by GV (Google Ventures).
The company intends to use the funds to accelerate the development of its platform, expand its team, and support customers across the full hardware development lifecycle.
Led by CEO Karthik Gollapudi, Sift offers an observability platform for hardware sensor data, empowering engineers to accelerate development, conduct efficient reviews, and ensure reliable operation of complex machines.
Customers include pioneers in aerospace, aviation, defense, energy, and transportation, such as Astranis, Astrolab, K2 Space, Mach Industries, Parallel Systems, and True Anomaly.
Commenting on the news, Karthik Gollapudi said: “At Sift, our mission is to empower the pioneers building the future by providing them with the first observability platform purpose-built for hardware development. This funding will allow us to accelerate our product roadmap and provide even greater value to our customers as they push the boundaries of what’s possible.”
FinSMEs
25/06/2024