Honeycomb, a San Francisco, California-based observability platform used by high-performance engineering teams to quickly visualize, analyze, and improve cloud application quality and performance, raised $50 million in Series C.
The round was led by New York-based global private equity and venture capital firm Insight Partners, with participation from existing investors Scale Venture Partners, Headline (formerly e.ventures), Storm Ventures, Industry Ventures, and NextWorld Capital. Honeycomb has raised USD96.9 million of funding to date.
This latest round of capital will allow Honeycomb to launch several initiatives that will help accelerate its growth in Europe.
Company: Hound Technology, Inc.
Raised: $50.0M
Round: Series C
Funding Month: October 2021
Lead Investors: Insight Partners
Additional Investors: Scale Venture Partners, Headline, Storm Ventures, Industry Ventures, and NextWorld Capital
Company Website: https://www.honeycomb.io/
Software Category: Observability platform
About the Company: Founded in 2016, Honeycomb helps enterprises troubleshoot their cloud apps and systems, enabling them to respond quickly to incidents or performance issues, while also figuring out whether a problem lies in their code or their infrastructure. Honeycomb provides full-stack observability for modern engineering teams to understand, debug, and improve production systems. Honeycomb's customers rely on the product for fast incident response, system optimization, and delivering pain-free releases across the software engineering cycle that translates to happy devs and happy customers.
Source: https://www.privateequitywire.co.uk/2021/10/21/307993/honeycomb-expands-europe-following-usd50m-series-c-funding-round-led-insight