Monte Carlo Raises $25M in Series B Funding

Monte Carlo

Monte Carlo, a San Francisco, CA-based data reliability company, raised $25m in funding.

The round, which brings total funding to more than $40m, was led by Redpoint Ventures, backers of Snowflake and Looker, and GGV Capital, investors of HashiCorp and Slack, with participation from Accel.

The company intends to use the funds to continue to expand adoption of its solutions.

Led by Barr Moses, CEO and co-founder, Monte Carlo provides a Data Observability Platform that allows data engineers and analysts to monitor the health and dependencies of their data assets across the entire data stack, from ingestion to analytics – all in one collaborative interface. Simultaneously, the company provides CDOs and other data stakeholders with a holistic view of their company’s data health and reliability across critical business use cases.

Monte Carlo currently works with several Fortune 500 companies and is the leading Data Observability partner for the FinTech, e-commerce, media, B2B software, and retail industries, counting data teams at Compass, Eventbrite, Mindbody, and Hippo Insurance among their customers.