Tech
Software startup Observe raises $156 million in Sutter Hill-led fundraise
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Observe, whose tools help detect and resolve issues in app systems, said it has raised $156 million in a funding round led by private equity firm Sutter Hill Ventures as demand rises for software that helps businesses manage a growing deluge of data.
The San Mateo, California-based startup has pitched itself as a one-stop alternative to data monitoring and analytics tools from Datadog and Cisco-owned Splunk, aiming to simplify how businesses detect failures in complex systems.
The Series C round was joined by existing investors Madrona Ventures, Alumni…
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