Metrist, a San Francisco, CA-based observability startup launched today by two PagerDuty alumni to create observability for cloud infrastructure, APIs, and SaaS products, announced that it raised $5.5 million in a seed round and the general availability of its product.
The round was led by Heavybit, the leader in developer tool funding, with participation from Morado Ventures and other early-stage funds.
Joining the round were notable angel investors in the space, including Alex Solomon, co-founder of PagerDuty, and Steve Klein and Scott Klein, co-founders of StatusPage.io.
Metrist gives organizations real-time visibility into cloud dependencies to address outages effectively and hold vendors accountable.
"Third parties are a first-class concern, and it's time for observability to treat them that way," said Jeff Martens, CEO & Co-Founder of Metrist. "We shouldn't have to wait for status pages to update with vague messages if they are updated at all, and we certainly shouldn't have to rely on Twitter for clues into the health of the critical services that run our businesses. At Metrist, we believe every developer deserves an easy way to know the status of any third-party service, with timely notifications and clear metrics that define the health of their cloud dependencies."
Metrist uses a unique combination of outside-in functional testing and inside-out app monitoring (eBPF or language agents) to continuously feed an analysis engine that offers a detailed, real-time view of cloud dependency health.
Metrist is generally available today and offers a free plan for developers and paid plans starting at just $99/month. All new signups begin with a 30-day free trial of the Enterprise offering.
Company: Metrist, Inc
Raised: $5.5M
Round: Seed Round
Funding Month: November 2022
Lead Investors: Heavybit
Additional Investors: Morado Ventures
Company Website: https://metrist.io/
Software Category: Cloud Dependency Management
About the Company: Founded by two veterans of observability and incident management, Jeff Martens and Ryan Duffield, Metrist provides engineers and IT leaders with a single platform for insights into the health of their third-party cloud dependencies, with unmatched visibility from accurate, real-time metrics. Metrist monitors cloud dependencies from multiple points of view, alerting users to issues immediately and tracking reliability over time so that engineers can resolve incidents quickly and their organizations can hold cloud vendors accountable. Metrist is now on a mission to make the world more reliable by creating actionable observability for the web's most foundational cloud products – something we call Cloud Dependency Management. It is headquartered in San Francisco, CA, with a distributed, all-remote team across the US and Canada.
Source: Metrist Press Release