Wavefront Raises $52M in Series B Funding
October 25, 2016
Share this

Wavefront has secured $52 million in a Series B funding round.

Existing investors Sequoia Capital and Sutter Hill Ventures were joined by new investor Tenaya Capital, and other equity holders. The funding comes as the company is experiencing hyper-growth since its Series A funding, and the company’s valuation increased by 4x from the Series A. The new capital will be used to accelerate research and development to expand its product offerings, as well as expansion of Wavefront’s sales, marketing and support operations across all global regions.

"Cloud-enabled companies adopting Wavefront get crucially valuable insights that no other monitoring platform can offer, so their business experiences less degradation, fewer outages and more customer success," said Pete Cittadini, President & CEO of Wavefront. “We surpassed key milestones this past year, so it became the ideal time to raise this round, and fuel our already impressive adoption into the SaaS 250, as well as into digital enterprises and e-commerce companies that are fully embracing the cloud.”

"In the previous decade, the engineering team at Google faced operational challenges driven by growing complexity," said Bill Coughran, Sequoia partner and former Google SVP of Engineering. "Today a whole new generation of companies are operating at scale and running into these same issues. At Google, we needed to build our own solution. Now companies can just use Wavefront."

“We have been impressed with Wavefront’s innovative technology solutions, category creation leadership and impressive growth,” said Brian Melton, Managing Director at Tenaya Capital. “Tenaya Capital has helped build successful IT infrastructure companies including New Relic, Hortonworks, and Palo Alto Networks, and we are looking forward to accelerating Wavefront’s new phase of global growth via this partnership.”

Any enterprise with modern applications and agile infrastructure built on software - including SaaS offerings, digital enterprise platforms, consumer web platforms (e-commerce sites and mobile apps), and IoT systems - can employ Wavefront to improve its performance, availability and customer experience, and also extend beyond operations management to:

- Prevent, detect and diagnose outages to maintain service continuity.

- Surpass traditional monitoring to manipulate data with powerful analytics in real-time.

- Promote enterprise agility with better capacity planning and resource utilization.

- Eliminate silos and standardize analytics with a unified big data analytics platform across the TechOps, DevOps, and Development functions.

- Gain insights faster about the relationship between device, software, and end user.

-Metrics monitoring as a service is a new and disruptive approach to cloud application monitoring, helping cloud-enabled companies to thrive in the age of big data and the constant need to maintain high performance at scale. It allows users to visualize and query a wide range of metrics, from cloud computing load to application and business performance data. Across every layer of the enterprise, a metrics monitoring platform needs to deliver scale and reliability in real-time. Wavefront’s metrics monitoring service unifies and processes millions of data points per second, delivering insights at the speed of thought, for enterprises at scale.

Share this

The Latest

June 25, 2020

I've had the opportunity to work with a number of organizations embarking on their AIOps journey. I always advise them to start by evaluating their needs and the possibilities AIOps can bring to them through five different levels of AIOps maturity. This is a strategic approach that allows enterprises to achieve complete automation for long-term success ...

June 24, 2020

Sumo Logic recently commissioned an independent market research study to understand the industry momentum behind continuous intelligence — and the necessity for digital organizations to embrace a cloud-native, real-time continuous intelligence platform to support the speed and agility of business for faster decision-making, optimizing security, driving new innovation and delivering world-class customer experiences. Some of the key findings include ...

June 23, 2020

When it comes to viruses, it's typically those of the computer/digital variety that IT is concerned about. But with the ongoing pandemic, IT operations teams are on the hook to maintain business functions in the midst of rapid and massive change. One of the biggest challenges for businesses is the shift to remote work at scale. Ensuring that they can continue to provide products and services — and satisfy their customers — against this backdrop is challenging for many ...

June 22, 2020

Teams tasked with developing and delivering software are under pressure to balance the business imperative for speed with high customer expectations for quality. In the course of trying to achieve this balance, engineering organizations rely on a variety of tools, techniques and processes. The 2020 State of Software Quality report provides a snapshot of the key challenges organizations encounter when it comes to delivering quality software at speed, as well as how they are approaching these hurdles. This blog introduces its key findings ...

June 18, 2020

For IT teams, run-the-business, commodity areas such as employee help desks, device support and communication platforms are regularly placed in the crosshairs for cost takeout, but these areas are also highly visible to employees. Organizations can improve employee satisfaction and business performance by building unified functions that are measured by employee experience rather than price. This approach will ultimately fund transformation, as well as increase productivity and innovation ...

June 17, 2020

In the agile DevOps framework, there is a vital piece missing; something that previous approaches to application development did well, but has since fallen by the wayside. That is, the post-delivery portion of the toolchain. Without continuous cloud optimization, the CI/CD toolchain still produces massive inefficiencies and overspend ...

June 16, 2020

The COVID-19 pandemic has exponentially accelerated digital transformation projects. To better understand where IT professionals are turning for help, we analyzed the online behaviors of IT decision-makers. Our research found an increase in demand for resources related to APM, microservices and dependence on cloud services ...

June 15, 2020

The rush to the public cloud has now slowed as organizations realized that it is not a "one size fits all" solution. The main issue is the lack of deep visibility into the performance of applications provided by the host. Our own research has recently revealed that 32% of public cloud resources are currently under-utilized, and without proper direction and guidance, this will remain the case ...

June 11, 2020

The global shift to working from home (WFH) enforced by COVID-19 stay-at-home orders has had a massive impact on everyone's working lives, not just in the way they remotely interact with their teams and IT systems, but also in how they spend their working days. With both governments and businesses committed to slowly opening up offices, it's increasingly clear that a high prevalence of remote work will continue throughout 2020 and beyond. This situation begets important questions ...

June 10, 2020
In recent years, with the emergence of newer technologies ranging from the cloud to machine learning, IT modernization has evolved from a replacement of end-of-life infrastructure to an enabler of innovation and business value. It is a complex process that can take months or even years, but a recent survey shows that the effort begins to deliver measurable results almost as soon as an organization executes the first steps on its roadmap ...