Chronosphere Raises $115 Million at $1.6 Billion Valuation

Chronosphere is the creator of a cloud observability platform that analyzes the data generated by customer’s information technology assets, with the goal of spotting technical issues before they become a serious problem. Chronosphere’s software is based on the open-source M3 system that its founders developed while working at Uber Technologies Inc. It’s said to be quite scalable, capable of ingesting billions of data points that describe the state of the most complex IT environments.

The startup Chronosphere has closed on a $115 million round of funding that brings its total amount raised to $343 million. The Series C round was led by new investors GV and Geodesic Capital, bringing the company’s valuation to $1.6 billion. Existing investors, including Addition, Founders Fund, General Atlantic, Greylock, Glynn Capital and Lux Capital, also participated in the round.

Chronosphere, New York, United States, was founded by Martin Mao and Rob Skillington in 2019. “This funding underscores the crucial market need for powerful cloud native observability solutions to generate positive business outcomes–especially critical now as companies seek more efficient and effective ways to improve customer experiences,” said Chronosphere CEO and co-founder, Martin Mao. The company guides modern businesses to leverage observability as an essential competitive advantage.

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