Monte Carlo Raises $135 Million at $1.6 Billion Valuation

Monte Carlo is a developer of a digital data reliability platform that is designed to monitor and then alert for inaccurate or missing data. The company helps its client organizations with data trust increases by preventing and eliminating data downtime. The platform solves data problems, leads to strong data teams and insights, and enables clients to settle for unreliable data.

The funding round was led by IVP. Among other participants are Accel, GGV Capital, Redpoint Ventures, ICONIQ Growth, Salesforce Ventures, and GIC Singapore. This round led the company to the unicorn club. The funding raised will be used for investments in data, engineering, go-to-market, and product work.

Monte Carlo, San Francisco, the USA, was founded by Barr Moses and Lior Gavish in 2019. “Still, it’s simply not enough to have data – it needs to be discoverable, accessible, and reliable. Monte Carlo created the world’s leading data observability platform to accelerate the adoption of reliable data while reducing time to detection and resolution for data downtime,” Barr Moses, CEO and co-founder of Monte Carlo. The company’s mission is to foster the world’s adoption of data by reducing data downtime. Within the last two years the company has increased its employee team up to 120 people. The customers’ list includes JetBlue, Auth0, CNN, and MasterClass.

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