Investing in VCs is a great way to invest in startups. But it isn’t always easy. Here are a few tips on how to get the most out of your venture capital investment.
Data observability software attracts VCs
Observability is a term used to describe a number of aspects, such as data analytics, cybersecurity, network monitoring, and much more. Data observability is an emerging field in the data space. Observability is a technology that helps companies understand how their data pipelines are performing. It also allows teams to resolve issues at the root of the problem.
While data observability software is a relatively new technology, the industry has attracted several startups, most notably Monte Carlo. Monte Carlo recently raised $60 million in a Series C round. It will use the funds to expand its geographic reach and accelerate its product development.
Observability solutions offer a deeper understanding of data than traditional manual processes. They offer an accurate view of the entire data ecosystem, which can give a company a competitive advantage. Data observability is one of the fastest growing segments of big data.
Data observability consists of data metrics, traces, logs, and events. These tools are typically powered by machine learning. They use statistical algorithms to identify trends and significant patterns. They also detect issues and anomalies.
Data observability gives teams the power to resolve issues quickly and accurately. It can be used as a part of a DevOps strategy, ensuring that data is available and reliable. It is also a critical component of an SRE initiative.
Scaling quickly
Whether you are an IT professional or a technology enthusiast, the data systems at your disposal are increasing in complexity. In fact, according to a recent study, data teams spend millions of dollars on bad data every year. In order to address this issue, a slew of tech companies have rolled out products to streamline supply chain processes. These include Microsoft’s Supply Chain Insights in its Dynamics 365 ERP software, and Verusen’s AI platform to improve supply chain efficiency.
Among the best known companies is Databricks, which is a data observability provider. The company boasts an impressive portfolio of over a hundred customer companies ranging from Intuit and Affirm to Zalora and MasterClass. In the past year, the company has grown its base 10x. Its product is an artificial intelligence powered platform that provides engineers with a bird’s eye view of the data health of their applications. The company’s data observability solutions are based on machine learning and predictive analytics. The company has also got the attention of the likes of Silicon Valley’s GIC Singapore and Iconiq Growth, a venture fund that provides funding to promising startups. In addition to acquiring new customers, the company plans to expand its go to market footprint to the U.S. and EMEA.
Although the company has yet to release details, it is said that it has raised $101 million to date.
Impact of the downturn
During the height of the dotcom era, Monte Carlo Ventures tucked a small bundle of cash away for the foreseeable future. With a value of roughly $1.6 billion, the company was worth a brisk business. The company’s flagship product, the Data Ocular, is a “big data” solution for companies looking to optimize their enterprise data. Among its customers are the likes of CNN, JetBlue, and Asics. The company is also backed by Redpoint, GGV Capital, and Accel. The company plans to triple its 120 person staff in the next year.
In fact, the company is so confident in its own product, it has sunk its money into a startup venture aimed at helping companies monitor their data. Aside from the usual suspects, the company has tapped Tiger Global and Index Ventures for its latest splurges. This isn’t to say the company’s top dogs are immune to the economic downturn. Its latest round is the largest to date, and follows on the heels of a $200 million round in 2014. Despite its large funding round, the company’s topline remains intact. With over 150 customers and a few new hires in the works, the company is set to keep growing for a while.
Conclusion
With a record setting year in the books, the competition for deals is fierce. The company’s latest round was led by Cack Wilhelm, a former Google exec and longtime Silicon Valley veteran.
