Tech Company Financing Transactions
Observe Funding Round
On 3/27/2024, Observe raised $115 million in Series B funding from Sutter Hill Ventures, Capital One and Madrona Venture Group.
Transaction Overview
Company Name
Announced On
3/27/2024
Transaction Type
Venture Equity
Amount
$115,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to expand its market presence in North America and to continue to more than double the size of its business.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
2 E 3rd Ave.
San Mateo, CA 94401
USA
San Mateo, CA 94401
USA
Phone
Undisclosed
Website
Email Address
Overview
Observe was founded by Sutter Hill Ventures in November 2017. Our founding team came from leading Enterprise SaaS and software companies that work with vast quantities of data such as Snowflake, Splunk and Wavefront. Our founding thesis was that the enterprises are data rich, but information poor. Data is siloed making it difficult to understand what's going on inside applications and infrastructure.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeremy Burton
Co-Founder
Jonathan Trevor
Co-Founder
Philipp Unterbrunner
Co-Founder
Jon Watte
VP - Engineering
Jacob Leverich
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We report on all VC transactions involving tech companies. VC transactions reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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