Chronosphere Offers Distributed Tracing Capabilities to Observability Platform, Secures $200 Million in Funding

Chronosphere is adding distributed tracing capabilities to its platform, enabling organizations to ingest distributed traces at scale, seamlessly integrated alongside with metrics, to more rapidly triage and understand the root cause of problems.

This addition extends Chronosphere’s platform to have complete coverage across the three phases of observability: notification, triage, and root cause analysis.

Chronosphere delivers scalable, reliable, and customizable observability for companies adopting cloud-native, according to the company. Chronosphere lets customers understand and control their spending and metrics growth, even as the data continues to grow.

Compatible with open standards like OpenTelemetry, Chronosphere allows customers to efficiently collect, aggregate, and retain 100% of their distributed trace data without the need for sampling.

“For years it’s been clear that distributed trace data has the power and potential to help customers rapidly get to the root cause of issues, but until now, no solution has found a way to overcome the barriers to implementation and adoption to unlock this power. With this addition, we’re helping customers derive an immense amount of value from distributed trace data that previously was left untapped,” said Martin Mao, co-founder and CEO of Chronosphere. “Overall, we’re seeing an unprecedented demand for our observability platform as more and more organizations make the move to cloud-native.”

The new distributed tracing capabilities, now in preview in production with customers, enable customers to:

  • Extend existing notification and triage workflows with root cause analysis. Start with the broader context from alerts and dashboards and hone in on more granular distributed trace data to quickly understand the root cause of a problem.
  • Make better decisions with complete data. Capture, store and analyze every distributed trace at scale, allowing users to make the most accurate decisions based on the full distributed trace data set.
  • Empower both advanced users and beginners. Distributed tracing has suffered from complex tools for too long. To help bridge the gap, Chronosphere offers a guided experience for beginners while still giving power users the freedom to create arbitrary queries of their data set.

Additionally, the company announced $200 million in Series C funding, bringing the total raised to $255 million.

This round was led by previous investor General Atlantic, a leading global growth equity firm. Other previous investors Addition, Greylock and Lux Capital and new investor Founders Fund also participated. With this funding, Chronosphere now has a unicorn valuation which it achieved in less than 2 1/2 years.

Chronosphere plans to use the funding to accelerate hiring across the entire company, from engineering to go-to-market.

This will enable the company to rapidly build out new technical capabilities and further extend its lead in the market, as well as tap into new segments, according to the vendor.

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