Nobl9 raised $15.8 million from strategic investors ServiceNow and Cisco Investments, and existing investors including Battery Ventures and CRV.
The funding will be used to continue building the best product, servicing customers and educating the community about the power of SLOs.
“The market for SLOs is emerging quickly, and we ended the year quite strong as companies look for efficiencies and ways to do more with less. Our confidence in our ability to execute despite the current market conditions and being able to close our new funding round underscores the confidence that ServiceNow and Cisco see in us,” said Marcin Kurc, Co-founder and CEO, Nobl9. “The unique value we deliver is how we can help companies bridge between business objectives and technology goals.”
The funding highlights the growing demand for a robust market for Service Level Objectives (SLOs) and commitment from ServiceNow and Cisco to work with Nobl9 to help develop it. This comes on the heels of a successful fourth quarter for Nobl9. In fact, SLOs are being used to provide visibility into the use of new technologies. Business teams (executives, manufacturing, R&D, marketing, finance, etc.) are not only increasing their use of SLOs but using SLOs for more than pure IT operations.
“Observability is a highly strategic area for ServiceNow and our customers as they think about accelerating their digital business,” said Pablo Stern, SVP & GM of Technology Workflows at ServiceNow. “Our Lightstep observability business has been a close partner with Nobl9 for years...As we look to extend the value of observability and digital workflows throughout the enterprise, SLOs are a key enabler of the transition to cloud-native technology and practices.”
“Requirements for enterprises to create a scalable relationship between operations and software services while maintaining consistent customer experience and keeping costs at a reasonable level have continued to increase,” said Noah Yago, VP, Corporate Development and Investments, Cisco. “With growing expectations, enterprises are demanding innovative SLO solutions that will help them address these challenges and keep operations running smoothly.”
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