Metaplane, a Boston, MA-based data observability platform provider, has raised $13.8 million in Series A funding, bringing its total raised to $22.2 million.
SaaS Investors
The round was led by Felicis, with participation from Khosla Ventures, Flybridge, Y Combinator, Stage 2 Capital, B37, and SNR.
Founded in 2006, Felicis is a venture capital firm investing in companies reinventing core markets, as well as those creating frontier technologies. The firm was the first to offer a Founder Development pledge, providing needed resources to help founders scale themselves. Felicis focuses on early-stage investments and currently manages over $3B in capital across nine funds. The firm is an early backer of more than 49 companies valued at $1B+.
Metaplane Use of Funds
The company will use the fresh funding to continue building the next evolution of data observability, to help data teams monitor data more deeply, easily, and faster than ever before.
About Metaplane
Founded in 2019 by Kevin Hu, Guru Mahendran, and Peter Casinelli, Metaplane provides a data observability platform that specializes in monitoring and ensuring data quality for modern data teams. The company offers a suite of tools for anomaly detection, schema change alerts, and job monitoring to help data teams prevent and detect data issues efficiently. Its data observability platform monitors your data warehouse to catch data quality issues when they happen and help prevent incidents before they occur. Metaplane customer base includes the data teams at leading companies like Klaviyo, Sigma, Census, GoFundMe, Bose, Ramp, and ClickUp.
Funding Details
Company: Metaplane, Inc.
Raised: $13.8M
Round: Series A
Funding Month: March 2024
Lead Investors: Felicis
Additional Investors: Khosla Ventures, Flybridge, Y Combinator, Stage 2 Capital, B37, and SNR
Company Website: https://www.metaplane.dev/
Software Category: Data Quality Software
Source: https://www.prnewswire.com/news-releases/metaplane-announces-13-8m-series-a-led-by-felicis-on-heels-of-rapid-growth-302079081.html