Checkly, a Boston, MA-based provider of synthetic monitoring powered by Monitoring as Code (MaC) and Playwright, has raised $20 million in Series B funding.
Investors
The funding round was led by Balderton Capital, with participation from existing investors Accel, CRV, and Paul H. Müller.
Balderton Capital is a multistage venture firm with over two decades of experience supporting Europe’s best founders from Seed to IPO. The firm manages early and growth funds and invests across the technology sector, with a proven track record in backing fintech, B2B SaaS, digital health, mobility, gaming, and marketplace companies.
Checkly Use of Funds
The company will use the funding to expand its team, grow its reach, and further enhance its platform.
About Checkly
Founded in 2020, Checkly is a provider of Monitoring as Code solutions that empower DevOps teams to automate their monitoring configurations and support high-velocity changes. Checkly’s solutions, including the CLI, are trusted by engineering teams worldwide, enabling them to collaborate, share, optimize, and increase the velocity of monitoring configurations. The platform integrates with code repositories, allowing for continuous simulation of user interactions and providing real-time alerts and detailed insights.
Funding Details
Company: Checkly Inc.
Raised: $20.0M
Round: Series B
Funding Month: July 2024
Lead Investors: Balderton Capital
Additional Investors: Accel, CRV, Paul H. Müller
Company Website: https://www.checklyhq.com/
Software Category: Synthetic Monitoring and Observability Solutions
Source: https://www.prweb.com/releases/checkly-secures-20m-from-balderton-capital-to-slash-website-downtime-with-10x-faster-issue-resolving-via-otel-and-code-based-monitoring-302210177.html