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[Funding alert] CA-based Observe Secures $115Million in Series B Round Funding

Observe, a SaaS observability company secures $115million in series B round funding. Sutter Hill Ventures led the investment, including participation from new investor Snowflake Ventures as well as current investors Capital One Ventures and Madrona.

Observe, a SaaS observability company secures $115million in series B round funding. Sutter Hill Ventures led the investment, including participation from new investor Snowflake Ventures as well as current investors Capital One Ventures and Madrona.

The company plans to continue growing its business by more than twice as much and to increase its market presence in North America.

Observe is an observability startup that is focused on improving the management, storage, and analysis of business data. It is led by CEO Jeremy Burton. It stores all data in a single data lake, removing silos of logs, metrics, and traces.

Read also – NYC-based Coast Secures $92Million in Funding

Compared to other observability solutions, users may troubleshoot dispersed applications three times faster thanks to the company’s Data Graph technology.

Observe recently unveiled Trace Explorer, a new platform for analysing distributed tracing data, and Project Hubble, which is scaling to over one petabyte per day and offering the newest GenAI advancements like O11y GPT and OPAL Co-Pilot.

About Observe

In November 2017, Sutter Hill Ventures launched Observe. Leading enterprise SaaS and software firms like Snowflake, Splunk, and Wavefront—which handle enormous amounts of data—made up their founding team. Their initial premise was that the businesses are information-poor but data-rich. It is challenging to comprehend what is happening inside of apps and infrastructure due to data silos.

Read also – TX-based Blockhouse Digital Secures $2Million in GP Funding

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