Sentry Raises $90 Million at $3 Billion Valuation

Sentry is a startup that develops an application monitoring platform to help developer optimize their code performance. It is an open-source platform for workflow productivity, aggregating data from errors and crashes across the stack. The tools provided can show each crash in the stack, as well as details needed for prioritization and identification of it.

The funding round was co-led by BOND and Accel. Existing investors, NEA, and new investor, K5 Global, also took part in the round. This fundraising triples Sentry’s valuation from $1 billion last year. “The company was able to increase its valuation in this difficult environment because of its strong growth. Now “everyone seems to use this thing” in the developer industry,” Dan Levine, a partner at Accel.

Sentry, San Francisco, the USA, was founded by Chris Jennings and David Cramer in 2012. The customer base includes Peloton Interactive Inc., Eventbrite Inc., and Slack. The platform is used by over 3.5 million developers across 85 000 organizations. “Whether a company is building thermostats or ride-sharing, “everything is software-driven” these days, which is why there is a need for application-related developer tools,” Chief Executive Officer Milin Desai. Sentry plans to expand in various locations including Europe, to expand its product development and customer acquisition teams. The company’s key selling point is that it supports over 100 programming languages.

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