Total amount raised
$217 Millions
Latest funding date
Location
Title
Sentry has successfully raised significant funding across multiple rounds, including a Series E round. The platform specializes in application performance monitoring and error tracking, helping developers optimize their code.
Keep reading to explore the intricacies of Sentry's fundraising journey and the investors backing this innovative platform.
What Is Sentry?
Sentry, founded in 2012 by Chris Jennings and David Cramer, is based in San Francisco, California. The company specializes in application performance monitoring and error tracking, providing developers with tools to optimize their code. With a team of 251-500 employees, Sentry continues to innovate in the tech industry.
How Much Funding Has Sentry Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: August 2015
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their application monitoring platform.
- Series A
- Amount Raised: $9M
- Date: June 2016
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team.
- Series B
- Amount Raised: $16.5M
- Date: May 2018
- Lead Investors: Accel, New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market reach.
- Series C
- Amount Raised: $40M
- Date: September 2019
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and improve the platform's capabilities.
- Series D
- Amount Raised: $60M
- Date: February 2021
- Lead Investors: Accel, Bond, New Enterprise Associates
- Valuation at Round: $1 billion
- Motivation Behind the Round: To support product development and expand the customer base.
- Series E
- Amount Raised: $90M
- Date: May 2022
- Lead Investors: Accel, Bond
- Valuation at Round: $3 billion
- Motivation Behind the Round: To fuel long-term growth, product development, hiring, and global expansion.
Total Amount Raised: $217M. Current Valuation: $3 billion.
Key Investors
- Accel
- Details: Accel is a venture capital firm that invests in early-stage and growth-stage companies. It has a strong track record of backing successful technology startups.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Facebook, Dropbox, Slack.
- Bond
- Details: Bond is a growth-stage venture capital firm that focuses on companies with significant growth potential. It aims to support businesses that are driving digital transformation.
- Investment Focus Areas: Technology, internet, consumer internet.
- Notable Investments: Airbnb, DoorDash, Stripe.
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in companies across various stages of growth. It has a diverse portfolio spanning multiple industries.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Robinhood, Coursera, Duolingo.
- K5 Global
- Details: K5 Global is an investment firm that focuses on innovative companies in various sectors. It aims to support businesses that are at the forefront of technological and media advancements.
- Investment Focus Areas: Technology, media, entertainment.
- Notable Investments: SpaceX, The Boring Company.
What's Next for Sentry?
Sentry's future is brimming with opportunities, driven by the increasing demand for robust application performance monitoring tools. With a recent $90 million funding round, the company is poised to expand its product development, hire new talent, and grow its global presence, particularly in Europe. The platform's support for over 100 programming languages and its ability to process 790 billion events per month highlight its potential to attract a diverse and expanding customer base.
As Sentry continues to grow, future fundraising opportunities seem likely, especially given the company's significant valuation of $3 billion. This could attract new investors and possibly lead to strategic acquisitions to enhance its product offerings. However, Sentry will need to navigate challenges such as maintaining service quality while scaling, managing a highly distributed architecture, and competing with established APM providers like Datadog and Dynatrace.
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