Checkly, a leading provider of synthetic monitoring powered by Monitoring as Code (MaC) and Playwright, has raised a €18.4 million Series B funding round led by Balderton Capital. Existing investors Accel, CRV, and Paul H. Müller also participated.
With the new funding, Checkly plans to grow its teams, expand its reach, and further develop its code-first monitoring platform to support even faster remediation. It brings Checkly’s total funding to $32.25 million and will see Balderton Capital Partner, Colin Hanna join Checkly’s board of directors, bringing insights and expertise to the company’s growth.
Founded in 2020, Checkly is on a mission to enable engineers to detect and resolve issues 10x faster through code-first synthetic monitoring that helps engineering teams through a code-first workflow. Checkly provides the most effective solutions for developers for proactive issue detection, before users even realize there’s a problem.
In today’s 24/7 world, quick detection and resolution of issues is business critical both to prevent costly downtime and to meet customer expectations. Yet very few engineers have access to full observability and monitoring tools, and many of these tools still run in silos, managed separately from the app or API’s code. This disconnect means the average time to repair faults is more than an hour for most businesses (82%).
Hannes Lenke, CEO of Checkly, said: “Today, only a fraction of engineers have access to observability and monitoring tools, many of which don’t give modern development teams the insight, speed, scale or accuracy they need. At Checkly, we bring monitoring to where Engineering teams live and work – inside their code repositories. Monitoring as Code is the best way for teams to own and automate their monitoring. With our funding news, and the announcement that we’re uniting synthetics with Checkly Traces, we’re thrilled to be able to continue empowering engineers to detect and resolve issues faster and easier than ever before.”
In conjunction with the funding announcement, Checkly is unveiling its new Checkly Traces feature which will help engineers resolve issues even faster by connecting synthetics with tracing. In this way, engineers will have immediate insight into failures and will no longer need manual data correlation.
Colin Hanna, Partner at Balderton Capital, added: “Checkly approaches monitoring and observability with a fresh perspective. Monitoring as Code means empowering developers to own the reliability of their services, APIs, and applications. This shrinks both time to resolution and the cost of observability. Some of the world’s most sophisticated software companies, like Vercel and commercetools, appreciate the significance of this shift and are valuable customers.”
Read the orginal article: https://www.eu-startups.com/2024/07/berlin-based-checkly-secures-e18-4-million-series-b-to-slash-website-downtime-with-10x-faster-issue-resolving/
