Sentry, a San Francisco, CA-based market leader in developer-first application monitoring, announced that it raised $90 million for its Series E, bringing the company’s total funding to $217 million and valuing the company at more than $3 billion.

The round was co-led by BOND and Accel, with participation from existing investor New Enterprise Associates (NEA) and new investor K5 Global.

The new capital will help fuel the company’s long-term growth for product development, hiring, and global expansion in Europe.

Company: Functional Software Inc.

Raised: $90.0M

Round: Series E

Funding Month: May 2022

Lead Investors: BOND and Accel

Additional Investors: New Enterprise Associates (NEA) and K5 Global

Company Website: https://sentry.io/

Software Category: Application Monitoring

About the Company: Sentry is a developer of an application monitoring platform that helps developers optimize the performance of their code. For software teams, Sentry is essential for monitoring code health. From Error tracking to Performance monitoring, developers can see clearer, solve quicker, and learn continuously about their applications — from frontend to backend. Loved by more than 3.5 million developers and 85,000 organizations worldwide, Sentry provides code-level observability to many of the world’s best-known companies like Disney, Peloton, Cloudflare, Eventbrite, Slack, Supercell, and Rockstar Games. Used by 3.5 million developers, the company announces 240% growth in customers using Sentry Performance Monitoring.  

Source: https://sentry.io/about/press-releases/sentry-raises-90-million-in-series-e-funding-to-expand-and-drive-adoption-of-developer-first-application-monitoring/