Honeycomb, a cloud software observability platform, introduced it has raised $50 million in Collection D investment for a complete of just about $150 million.
âThe way forward for observability hasn’t ever been extra thrilling, and this newest spherical guarantees we will be able to proceed to speculateâwith convictionâin bettering the lives of device engineering groups. We are hoping it is a second of welcome exchange from the soul-crushing headlines plaguing the tech trade those previous few months,â Honeycomb CEO Christine Yen mentioned in a weblog publish.
Honeycomb asserts that legacy APM equipment weren’t constructed for the complicated allotted cloud environments of lately. Honeycomb has constructed its datastore to be datatype agnostic, and the corporate says this distinction makes it the one observability corporate to completely sidestep the knowledge correlation downside throughout logs, metrics, and lines.
âPrime-performance engineering groups want available, intuitive observability workflows. Whilst our festival is busy rearchitecting their knowledge retail outlets, weâre as soon as once more main the pack through handing over cutting edge, developer-centric options that scale the facility of information throughout groups,â mentioned Yen in a commentary. âToo incessantly, a prospect the usage of a standard APM instrument comes via our door after being slapped with wonder overage expenses or frustrations relating to incident visibility. Organizations must by no means be subjected to gaps in visibility simply to save lots of on priceâHoneycomb makes excellent on that promise.â
With the rising complexity of device environments and programs, unexpected insects and anomalies can stand up, making it an important for groups to investigate high-cardinality knowledge to find those novel issues. Honeycomb says its platform provides engineering groups the facility to stumble on patterns in seconds throughout billions of information issues representing how customers are experiencing their code in actual time, whilst by no means aggregating or discarding knowledge.
CEO Yen and CTO Charity Majors, former Fb engineers, based Honeycomb in 2016 after being upset with to be had APM tech. âChristine and I began Honeycomb after attempting each and every tracking and logging resolution underneath the solar and understanding that they have been superb for answering easy known-unknowns, however wretchedly terrible for answering unknown-unknowns. Observability modified our lives (and sleep schedules) dramatically, remodeled how we used programs, made us higher engineers, and made us wish to give that to our whole trade,â wrote majors in a 2021 weblog publish.
(Supply: Honeycomb)
Honeycomb has discovered good fortune in a crowded observability house with festival from established corporations like Splunk and Elastic. The corporate noticed a 2nd consecutive yr of 2x earnings enlargement, in addition to a 160% web earnings retention for 600+ shoppers. Honeycomb used to be additionally named a pace-setter within the Gartner Magic Quadrant for APM and Observability. The corporate counts making an investment app Robinhood, virtual infrastructure company Equinix, and the communications platform Slack amongst its shoppers.
The newest Collection D spherical used to be led through Headline, a Honeycomb backer since 2018, with participation from Perception Companions and Scale Project Companions. Buyer angel investments come with the ones from HelloFresh CEO Dominik Richter and Vercel CEO Guillermo Rauch. Kelly Watkins, former VP of International Advertising and marketing at Slack and CEO of Summary, has joined the Board of Administrators.
Honeycomb says this investment will propel its international growth, in addition to its strengthen for the OpenTelemetry framework. The corporate may also be that specialize in development a cohesive integration technique throughout all of the device building ecosystem.
âInstrument is the genetic make-up of our trendy international society. We depend on it for the whole lotâso in case your apps and products and services arenât appearing how they have been supposed to, customers will go away them to search out ones that paintings,â explains Tom Gieselmann, founding spouse at Headline. âThis makes the challenge and price that Honeycombâs observability platform supplies to engineering groups business-critical, and we couldnât be extra extremely joyful to lend a hand them scale to win giant on an international degree.â
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