Netdata completed a new round of financing totaling $14.2M led by Bessemer Venture Partners, with participation from existing investors Bain Capital Ventures and Uncorrelated Ventures, bringing its total raised in Series A to $31M.
The investment will be used to accelerate research and development in support of Netdata’s open, interoperable, and extensible monitoring and troubleshooting platform.
The funding extends Netdata’s Series A round and builds on an exceptional year punctuated by the growing adoption of the open-source Netdata Agent and the introduction of the new Netdata Cloud software-as-a-service offering, a cloud-based console for infrastructure-wide monitoring, enabling teams to collaborate and work in parallel to streamline troubleshooting workflows, driving down incident response times.
Key features and benefits of the Netdata platform include:
- Visualizes unlimited, highly granular, real-time metrics optimized for anomaly detection
- Deploys easily with no preplanning and zero configuration, with autodetection of hundreds of turnkey integrations, enabling monitoring and troubleshooting of web servers, file systems, databases, containers, and more
- Runs seamlessly on physical or virtual servers, containers and IoT devices to collect per-second or per-event metrics with no limits on scalability thanks to its distributed data architecture
- Works autonomously to collect, store, visualize, check, stream, and archive data, or can be easily integrated into existing monitoring tool chains
Both open-source Netdata Agent and closed-source Netdata Cloud are offered free of charge.
“Netdata has experienced exponential growth by filling an unmet need: giving SREs, DevOps engineers, sysadmins, and developers a way to gain visibility into their infrastructure in minutes, with zero configuration, thousands of metrics, and milliseconds from data collection to visualization,” said Costa Tsaousis, founder and CEO of Netdata. “With nearly a million new Docker pulls every day, Netdata has proven to be the most useful tool in the troubleshooting arsenal of IT professionals who are often challenged by the cost, complexity, and limitations of existing monitoring solutions. This new investment will further our vision by enabling us to build upon our community momentum to deliver innovative solutions in both our open source project and future commercial products.”
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