Monte Carlo Raises $65 Million in Series C 

by Kay Aloha Villamor in August 19th, 2021

Monte Carlo, a data observability platform provider, has raised $60 Million in a Series C funding round led by ICONIQ Growth to fuel the growth of data observability. Other and existing investors Salesforce Ventures, Accel, GGV Capital, and Redpoint Ventures, participated in this round.

Company: Monte Carlo, Inc.

Raised: $65.0M

Round: Series C

Funding Month: August 2021

Lead Investors: ICONIQ Growth 

Additional Investors: Salesforce Ventures, Accel, GGV Capital, and Redpoint Ventures

Company Website: https://www.montecarlodata.com

Software Category: a data observability platform 

About the Company: Monte Carlo is a software company that helps organizations increase trust in data by eliminating and preventing data downtime. The company's platform resolves data problems, leading to stronger data teams and insights that deliver true business value, enabling clients to settle for unreliable data by stop wasting time on data fire-drills. Their mission is to accelerate the world’s adoption of data by reducing data downtime.

Source: https://saasindustry.com/news/monte-carlo-raises-65m-in-series-c-funding-from-iconiq-growth-others/

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