Observe, a San Mateo, CA-based SaaS Observability Company, raised $70 million in Series A-2 funding from Sutter Hill Ventures (SHV), Capital One Ventures, and Madrona Ventures, bringing total funding to date to $114.5 million.
In addition, Observe announced that it has expanded its customer base over 3x and its monthly active users (MAUs) over 5x in the past twelve months.
Company: Observe, Inc
Raised: $70.0M
Round: Series A-2
Funding Month: May 2022
Lead Investors: Sutter Hill Ventures (SHV), Capital One Ventures, and Madrona Ventures
Additional Investors:
Company Website: https://www.observeinc.com/
Software Category: SaaS observability
About the Company: Observe was founded by Sutter Hill Ventures in November 2017. Observe is the SaaS observability company that has long believed that almost all businesses are data-rich and information poor. Observe's vision is to turn the world's business data into information. Observe is focused on a new segment of the market called Observability which promises to supplant the $20B+ market for log analytics, infrastructure monitoring, and application performance management.
Source: https://www.prnewswire.com/news-releases/observe-inc-secures-70m-in-new-funding-301544607.html