San Francisco-based Librato, which provides cloud-based monitoring services for operations and development units, reported a US$3.8 million Series A round of funding. The round was led by investors Harrison Metal, Baseline Ventures and Cowboy Ventures.
The fund will be utilized to develop product specifications and features and build on ideal momentum with existing and future client. The angel investors who have backed the company with US$1.25 million in seed funding also joined the activity.
"Operations Analytics has become a mission critical function in organizations. Leading companies like Coursera, Heroku, Moz, and Wooga to use Librato because they need a highly available and easy to deploy solution for analysis and storage of the massive volumes of data they collect to track the health of their services," stated Baseline Ventures founder Steve Anderson who has become part of Librato's board. "Librato has built a strong following for its unique approach, and we're excited to help accelerate the expansion of its service and its community of contributors, partners and customers."
Since its launching in March 2012, Librator has gained over 500 clients, processing billions of data points on a daily basis. It also provides turnkey solutions for popular tools such as AWS CloudWatch.
"We are thrilled to have additional capital to build the advanced features our customers are asking for," remarked Librato CEO Fred van den Bosch. "We see a great opportunity to help companies re-shape the way they analyze and consolidate their monitoring data, with the support of some of the most successful early stage investment firms in the Valley."
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