TLDR:
- Observe, a startup focusing on data cloud observability, raises $115 million in a series B round of funding.
- The investment, led by Sutter Hill Ventures and Snowflake Ventures, aims to enhance Observe’s observability capabilities in the data cloud.
Article Summary:
Today, San Mateo-based Observe, a startup specializing in data-centric application observability, has secured $115 million in funding in a series B round. The investment, led by Sutter Hill Ventures and with participation from existing investors as well as Snowflake Ventures, is intended to boost Observe’s observability capabilities in the data cloud. This funding is projected to support the expansion of Observe’s teams and its presence in North America.
Observe stands out in the market as it provides a centralized data lake that ingests all telemetry data for easy analysis and incident resolution. Leveraging Snowflake’s data cloud, Observe offers a generative AI-driven observability solution, enabling faster troubleshooting at a reduced cost. The annual recurring revenue of Observe has witnessed significant growth, indicating its product’s stickiness in the market.
With this funding, Snowflake plans to utilize Observe’s observability capabilities to enhance monitoring in data cloud environments, benefiting its customers. The partnership aims to develop best-in-class observability features to empower developers and engineers in troubleshooting. Observe also plans to scale its R&D and sales teams and expand its presence in North America.
CEO Jeremy Burton believes that Observe’s centralized handling of telemetry data provides a competitive edge over legacy monitoring and APM players like Splunk. By focusing on Snowflake Native Applications, Observe aims to simplify troubleshooting for Snowflake customers and reduce infrastructure costs.
