Wavefront, a Palo Alto, Calif.-based metrics monitoring service for cloud and modern application environments, secured $52m in Series B funding round.
Existing investors Sequoia Capital and Sutter Hill Ventures were joined by new investor Tenaya Capital, and others.
The company intends to use the funds to accelerate research and development to expand its product offerings, as well as growth of sales, marketing and support operations across all global regions.
Led by Pete Cittadini, President & CEO, Wavefront provides a metrics monitoring service for cloud and modern application environments, which features observability and analytics tools for DevOps functions at SaaS companies to improve performance, availability and customer experience, prevent, detect and diagnose outages to maintain service continuity, eliminate silos and standardize analytics across the TechOps, DevOps, and Development functions and gain insights faster about the relationship between device, software, and end user.
The platform is used by such companies as Workday, Box, Intuit, Lyft, Groupon, Okta, British Gas, Citrix, DoorDash, Xactly, Edmunds.com, and Medallia, among others.
FinSMEs
25/10/2016