Berlin-based Checkly, a provider of Monitoring as Code solutions, announced on July 31, that it has raised $20M (approximately €18.5M) in a Series B funding round led by Balderton Capital, bringing $32.25M (approximately €30M).
Existing investors Accel, CRV, and Paul H. Müller also participated.
With the new funding, Checkly plans to grow its teams, expand its reach, and further develop its code-first monitoring platform to support even faster remediation.
As part of the funding, Colin Hanna of Balderton Capital Partner will join Checkly’s board of directors.
In addition to funding, Checkly announced its new Checkly Traces, a feature that will help engineers resolve issues even faster by connecting synthetics with tracing.
Checkly: Helps automate monitoring configuration
Led by Hannes Lenke, Checkly is on a mission to enable engineers to detect and resolve issues 10 times faster through code-first synthetic monitoring that helps engineering teams through a code-first workflow.
The German startup provides effective solutions for proactive issue detection, integrating advanced synthetic monitoring tools into repositories to ensure monitoring is always in sync with the latest code changes.
Engineers and developers can simulate user interactions continuously in 20+ remote locations worldwide using automated Playwright scripts, and get automatic, real-time, accurate alerts alongside detailed insights that help them turn alerts into action.
This not only makes it easier for developers to track and manage everything in one place, but it helps catch issues early, without the usual delays and false positives seen with legacy tools.
Checkly’s developer-first approach is up to 80 per cent cheaper than legacy tools and is being used by more than 1,000 customers, with thousands of developers running 32.5 million checks on the platform each day, showing 3x growth among enterprise customers.
Hannes Lenke, CEO of Checkly, says, “Today, only a fraction of engineers have access to observability and monitoring tools, many of which don’t give modern development teams the insight, speed, scale, or accuracy they need. At Checkly, we bring monitoring to where Engineering teams live and work – inside their code repositories. Monitoring as Code is the best way for teams to own and automate their monitoring.”
“With our funding news and the announcement that we’re uniting synthetics with Checkly Traces, we’re thrilled to be able to continue empowering engineers to detect and resolve issues faster and easier than ever before,” adds Lenke.
The investor
Balderton Capital is a multistage venture firm with over two decades of experience supporting Europe’s best founders from Seed to IPO.
The VC has both early and growth funds and invests across the technology sector, including fintech, B2B SaaS, digital health, mobility, gaming, and marketplace companies.
Previous investments include Darktrace, Depop, Flywire, Kobalt, MySQL, Nutmeg, Peakon, Recorded Future, Talend, and THG.
Balderton’s current portfolio includes Aircall, Beauty Pie, Contentful, Dream Games, GoCardless, Lendable, Matillon, Merama, PhotoRoom, Revolut, Tibber, Vestiaire Collective, Voi, Wayve, Writer and Zoe.
Colin Hanna, Partner at Balderton Capital says, “Checkly approaches monitoring and observability with a fresh perspective. Monitoring as Code means empowering developers to own the reliability of their services, APIs, and applications. This shrinks both the time to resolution and the cost of observability. Some of the world’s most sophisticated software companies, like Vercel and commercetools, appreciate the significance of this shift and are valuable customers. All of us at Balderton are deeply impressed with what Hannes and the team have already achieved and are grateful to be on the journey together.
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