Chronosphere, the only cloud native observability technology that reclaims control of engineering organizations by taming uncontrolled data growth and cloud native complexity, has raised $115 million in Series C funding. GV and Geodesic Capital are new investors, boosting Chronosphere’s total fundraising to $343 million and increasing the company’s valuation to $1.6 billion. Existing Chronosphere investors such as Addition, Founders Fund, General Atlantic, Greylock, Glynn Capital, and Lux Capital also invested in the round. The funding will be used to support the company’s ongoing innovation and go-to-market activities for its market-leading cloud native observability platform.
The funding comes on the heels of Chronosphere’s record-breaking year. Chronosphere increased its ARR and workforce in the most recent quarter, achieved higher than 145% net revenue retention, kept 100% of its clients, and was named to Otta’s “ROCKET LIST 2022 – 100 of the fastest-growing firms to advance your career.”
Chronosphere also announced significant wins at Robinhood, Snap, Obsidian Security, and Astronomer, adding to its growing roster of enterprise customers that includes DoorDash, Zillow, and Visa.
Chronosphere is the only cloud native observability platform that puts engineering organizations back in control by taming rampant data growth and cloud native complexity while accelerating innovation. Faster alerts and issue resolution ensures responsive and reliable cloud native workloads underlying the most valuable services at leading organizations like DoorDash, Robinhood, and Abnormal Security. Teams at organizations of all sizes trust Chronosphere to help them drive competitive advantage and world-class customer experiences while reducing engineering burnout and eliminating lock-in.