Honeycomb Raises $11.4 Million in Funding
October 02, 2019
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Honeycomb closed $11.4 million in funding led by Scale Venture Partners, with participation from existing investors including Storm Ventures, eVentures, NextWorld Capital, and Merian Ventures.

In addition to the investment, Ariel Tseitlin from Scale Venture Partners will be joining Honeycomb's Board of Directors. This investment brings Honeycomb's total funding to $26.9 million.

Honeycomb will use the investment to grow teams across all business functions, particularly sales, marketing, and customer success, to support customers and drive revenue growth.

"Honeycomb is enabling a long-overdue shift in the way developers interact with and operate the software they build," said Ariel Tseitlin, Partner at Scale Venture Partners. "As production systems become more complex and distributed, the company is taking advantage of the massive market opportunity and establishing itself as a leader in real-time observability. It's no wonder developers say they can't live without it after they try it."

"Looking ahead, we're very excited for this next chapter in our history and we remain committed to delivering value to our customers," said Christine Yen, CEO of Honeycomb. "We have learned so much over the last few years, and with the combination of our deep market understanding, the close relationships we have with our customers, and a rock-solid group of employees, we are very well positioned in this growing observability market. We will continue to listen to our customers' needs and deliver the highest quality product so they can be successful and delight their customers."

"Modern systems are dynamic and ephemeral, far flung and loosely coupled; every problem is a high cardinality problem, and it is impossible to predict in advance which questions you will need to ask," said Charity Majors, Co-Founder and CTO of Honeycomb. "Honeycomb gives users the power to understand any system state without shipping new code to handle or describe that state, and that is why users love Honeycomb."

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