Rookout, a Tel Aviv-based developer-first observability platform, announced that it has raised $16 million in Series B funding.
The round was led by Fort Ross Ventures. Existing investors TLV Partners, Emerge, and Cisco Investments, as well as new investors LIAN Group, Mighty Capital, and Binder & Partners, also participated in this round, which brings the company’s total funding to over $28 million.
This round of funding will help the company accelerate product development toward its vision of developer-first observability.
Company: Rookout Ltd.
Raised: $16.0M
Round: Series B
Funding Month: Aug 2022
Lead Investors: Fort Ross Ventures
Additional Investors: TLV Partners, Emerge, Cisco Investments, LIAN Group, Mighty Capital, and Binder & Partners
Company Website: https://www.rookout.com/
Software Category: Developer-First Observability
About the Company: Rookout is a developer-first observability platform that provides an unparalleled ability to collect any piece of data, from the deepest levels of live code, on-demand. This empowers engineers to find the data they need instantly and deliver it anywhere, to understand and advance their software. Rookout provides an unparalleled ability to collect any piece of data, from the deepest levels of live code, on-demand, at the click of a button. With Rookout, software teams save hours of work and reduce debugging and logging time by 80% — with zero friction, overhead, or risk. The company’s revenue has grown more than 20X since its last funding round, with dozens of Fortune 500 companies adopting the platform. Enterprise customers include Amdocs, Cisco, Dynatrace, Jobvite, Santander Bank, UPS, and many more. Rookout has been recognized as a 2021 Cool Vendor in Monitoring and Observability by Gartner.
Source: https://www.globenewswire.com/en/news-release/2022/08/23/2503168/0/en/Rookout-Raises-16-Million-Series-B-to-Scale-Developer-First-Observability.html