Monte Carlo, a San Francisco, CA-based data reliability company, announced that it raised $135 million in Series D at a $1.6 billion valuation, bringing its total funding to $236 million to pioneer the data observability category and bring reliable, trustworthy data to teams everywhere.
The round was led by IVP, with participation from Accel, GGV Capital, Redpoint Ventures, ICONIQ Growth, Salesforce Ventures, and GIC Singapore.
Monte Carlo intends to use the capital infusion to continue improving experiences for its hundreds of customers, scale the data observability category to new verticals, and grow its U.S. and EMEA go-to-market and engineering teams.
Company: Monte Carlo, Inc.
Round: Series D
Funding Month: May 2022
Lead Investors: IVP
Additional Investors: Accel, GGV Capital, Redpoint Ventures, ICONIQ Growth, Salesforce Ventures, and GIC Singapore
Company Website: https://www.montecarlodata.com/
Software Category: Data Observability
About the Company: Monte Carlo is a software company, that provides a data observability platform that helps organizations increase trust in data by eliminating and preventing data downtime. Monte Carlo’s mission is to accelerate the world’s adoption of data by reducing data downtime. Since their Series C announcement in August 2021, Monte Carlo more than doubled revenue every single quarter and achieved 100 percent customer retention in 2021. Over the past six months, Monte Carlo has brought on new customers, including JetBlue, Affirm, CNN, MasterClass, Auth0, and SoFi, with hundreds of customers paying for and driving value from the platform.