Chronosphere, a New York, US-based cloud-native monitoring platform co-founded by two former Uber engineers, raised $200 million, a Series C that values the company at over $1 billion.
The round was led by General Atlantic, with Addition, Greylock, Lux Capital, and new backer Founders Fund also participating. The company, which is 2.5 years old, has now raised $255 million to date.
Alongside this, Chronosphere is also announcing a new set of tools specifically for distributed tracing, which will help make more granular observations and respond quicker to issues on the network as they arise.
Company: Chronosphere Inc.
Raised: $200.0M
Round: Series C
Funding Month: October 2021
Lead Investors: General Atlantic
Additional Investors: Greylock, Lux Capital, and new backer Founders Fund
Company Website: http://www.chronosphere.io/
Software Category: cloud-native monitoring platform
About the Company: Mao and co-founder Rob Skillington (CTO) founded Chronosphere on the back of early work that they started at Uber, Chronosphere is an observability platform that empowers cloud-native engineering organizations to control for data volumes, rampant costs, and organizational friction that comes from rapid scale and technical complexity. Chronosphere is on a mission to redefine monitoring for the cloud-native world by building the world’s most scalable, reliable, and cost-efficient monitoring platform. Chronosphere’s product is built on top of the proven at scale metrics engine, M3, which was developed and open-sourced by the founding team while they were at Uber.
Source: https://techcrunch.com/2021/10/07/chronosphere-raises-200m-at-a-1b-valuation-for-cloud-native-monitoring-adds-granular-distributed-tracing-to-its-dashboard/