Overview

Chronosphere provides a platform designed for businesses to monitor their cloud-native infrastructure and applications effectively. The platform helps users quickly identify, understand, and resolve issues before they impact customers by filtering out unnecessary data and highlighting critical information. Targeting companies that have adopted modern DevOps practices but are still reliant on outdated monitoring tools, Chronosphere offers a solution that enhances their operational efficiency. Unlike traditional observability tools, Chronosphere focuses on reducing costs associated with monitoring, which is a significant expense for engineering teams. By using their platform, businesses can decrease the number of on-call alerts by up to 90%, allowing teams to concentrate on more valuable tasks. The goal of Chronosphere is to improve the return on investment for its clients by streamlining observability processes and boosting overall productivity.

Simplify's Take

What believers are saying

• Growing demand for cloud-native solutions boosts Chronosphere's market potential.
• AI-driven observability tools enhance Chronosphere's value proposition by predicting and preventing issues.
• FinOps practices increase demand for cost-effective observability, aligning with Chronosphere's offerings.

What critics are saying

• Emerging startups like Marqo increase competition in the observability space.
• Integrating Calyptia may pose operational challenges and affect service quality.
• Reliance on partnerships like CrowdStrike could risk disruptions in service.

What makes Chronosphere unique

• Chronosphere uniquely integrates security features with observability through its CrowdStrike partnership.
• The acquisition of Calyptia enhances Chronosphere's data pipeline capabilities for large-scale observability.
• Chronosphere's platform reduces on-call pages by up to 90%, improving team productivity.

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Funding

Total Funding

$369.4M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Founders FundGreylock Partners

Notable Investors:

Founders FundGreylock Partners

$115,000,000

Series C

Jan 2023

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$115M

View all funding stages