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INDUSTRY FIRST

Netdata Extends Series A Funding to $31M to Democratize IT Infrastructure Monitoring with Community-centric, Open-source Approach

Sep 22, 2020•almost 5 years ago

Amount Raised

$31 Million

Round Type

series a

San Francisco

Description

Netdata, the company behind the eponymous open-source, distributed, real-time, performance and health monitoring solution for systems and applications, today announced that it has completed a new round of financing totaling $14.2M led by Bessemer Venture Partners, with participation from existing investors Bain Capital Ventures and Uncorrelated Ventures, bringing its total raised in Series A to $31M. The investment will be used to accelerate research and development in support of Netdata's open, interoperable, and extensible monitoring and troubleshooting platform. The company also announced recent executive hires including Amy Abatangle, chief marketing officer, and Dimitris Protogirou, chief financial officer.

Company Information

Company

Netdata

Location

San Francisco, California, United States

About

Netdata democratizes monitoring, empowering IT teams to know more about their infrastructure, enabling them to quickly identify and troubleshoot issues, collaborate to solve problems, and make data-driven decisions to move business forward. The free, open-source Netdata Agent gives teams comprehensive, real-time visibility into the full technology stack, yet is easy to install with no configuration necessary and no limits on scalability. Netdata Cloud brings teams and data together in one place to proactively identify, troubleshoot and resolve issues as soon as they are detected. Netdata is committed to a community-first approach, with hundreds of contributors, thousands of GitHub stargazers and millions of users worldwide. To learn more, visit Netdata.cloud.

FundzWatch™ Score

Medium Activity

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech