SAN MATEO, CA, Observe today announced the closing of a $145 million Series B funding round.
Observe, the SaaS observability company reinventing the way machine-generated data is stored, managed and analyzed, today announced ‘Project Voyager,’ its most significant product update yet. Voyager introduces an AI Investigator along with OpenTelemetry-Native APM and Snowflake Observability, enabling Engineering, DevOps and SRE teams to troubleshoot incidents faster and improve customer experience. Also announced today is the closing of $145 million in Series B funding with the most recent investments by Evolution Equity Partners and Madrona Ventures. Madrona Managing Director Soma Somasegar also joins Observe’s board of directors, effective immediately.
Observe is the observability company reinventing the way business data is stored, managed and analyzed. Only Observe eliminates silos of logs, metrics and traces by storing all data in a single, more cost-efficient data lake. The company’s unique Data Graph technology enables users to troubleshoot distributed applications three times faster than competing observability solutions.
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By VC News Daily
Source: VC News Daily