Monte Carlo Raises $135M in Series D Funding

Monte Carlo, a San Francisco, CA-based data reliability company, raised $135M in Series B funding.

The round was led by IVP, with participation from Accel, GGV Capital, Redpoint Ventures, ICONIQ Growth, Salesforce Ventures, and GIC Singapore.

The company intends to use the funds to continue improving experiences for its hundreds of customers, scale the data observability category to new verticals, and grow its U.S. and EMEA go-to-market and engineering teams.

Co-founded by Barr Moses and Lior Gavish, Monte Carlo is a machine learning-powered platform that provides data leaders and other business stakeholders with a holistic view of data reliability for critical business and data product use cases in near real time.

Over the past 20 months, Monte Carlo has grown from 20 to 120 people and raised four rounds of funding. Over the past six months, the company has brought on new customers, including JetBlue, Affirm, CNN, MasterClass, Auth0, and SoFi.