Observe, a San Mateo, CA-based SaaS observability company, announced the release of its largest and most innovative product to date, Hubble, and raised $50 million in Series A3 financing, bringing its total raised to date to $164.5 million.
SaaS Investors
The round was led by Sutter Hill Ventures.
Founded in 1962, Sutter Hill Ventures is a venture capital firm based in Palo Alto, California. The firm prefers to invest in companies operating in the computer technology, healthcare, software, telecommunication, and consumer sectors.
Observe Use of Funds
The funding will support Observe's ongoing expansion and development efforts.
About Observe
Observe is a SaaS observability company that focuses on reinventing how machine-generated data is stored, managed, and analyzed. The company offers an observability platform designed to address the challenges posed by the increasing volume of telemetry data generated by modern distributed applications. The company's unique Data Graph technology enables users to troubleshoot distributed applications three times faster than competing observability solutions. Brands such as Topgolf, Reveal Data, and F5 trust Observe to turn their telemetry data into actionable information.
Funding Details
Company: Observe, Inc.
Raised: $50.0M
Round: Series A3
Funding Month: October 2023
Lead Investors: Sutter Hill Ventures
Additional Investors:
Company Website: https://www.observeinc.com/
Software Category: Observability Platform
Source: https://www.prnewswire.com/news-releases/observe-inc-unveils-hubble---the-only-observability-platform-to-deliver-real-time-insights-at-petabyte-per-day-scale-301948005.html