SigScalr, a Boston, MA-based unified observability SaaS solution, has emerged from stealth and closed $1.76 million pre-seed funding.
SaaS Investors
The round was led by Scribble Ventures, with co-investments from WestWave Capital and Forward Slash Capital. Notable angel investors include: Manik Gupta (ex-chief product officer at Uber), Ganesh Pai (chief executive officer at Uptycs), Srinath Sridhar (chief executive officer at Regie.ai).
SigScalr Use of Funds
The funding will enable SigScalr to launch its open-source software product, SigLens, a column-oriented database designed for observability.
About SigScalr
Founded by Kunal Nawale, SigScalr is a unified application observability platform, purpose-built for the modern enterprise’s microservice application architecture. It dramatically reduces spend on observability through a unique approach to querying and uncompressing log data. SigScalr’s unified view of observability includes log, metrics, and trace data in a single view. SigScalr is based in the Boston area.
Funding Details
Company: SigScalr
Raised: $1.76M
Round: Pre-Seed
Funding Month: February 2024
Lead Investors: Scribble Ventures
Additional Investors: WestWave Capital, Forward Slash Capital, Manik Gupta, Ganesh Pai, Srinath Sridhar
Company Website: hhttps://www.sigscalr.io/
Software Category: Observability Solution
Source: https://www.businesswire.com/news/home/20240220591751/en/