Chronosphere Raises $43M to Accelerate Cloud-Native Monitoring Growth
Chronosphere, the cloud-native monitoring platform founded by ex-Uber engineers, has announced a \(43.4 million Series B funding round alongside the general availability of its commercial service. This latest investment brings the company's total funding to \)54.4 million since its 2019 launch.
Key Investment Highlights
- Lead Investors: Greylock, Lux Capital, and Lee Fixel (returning from Series A)
- New Participant: General Atlantic joins the funding round
- Total Raised: $54.4 million across two funding rounds
From Uber’s M3 Project to Commercial Success
Founded by CEO Martin Mao and CTO Rob Skillington, Chronosphere builds upon their work developing Uber’s open-source M3 monitoring system. The founders recognized the need to simplify large-scale monitoring operations:
“M3 solves complex problems at scale, but requires significant investment to operate effectively. Our first priority was making this technology accessible through managed services,” explained Mao.
Product Development Focus
- Spent 2020 refining the commercial platform
- Leveraged open-source foundation while creating differentiated features
- Engaged with beta customers to validate product-market fit
Strategic Growth and Company Culture
Despite having remaining Series A funds, Chronosphere accepted this new investment to:
- Accelerate product development
- Expand hiring initiatives
- Strengthen customer confidence in long-term viability
Workforce Expansion
- Grew from 13 employees (2019) to 50 currently
- Plans to double headcount by end of 2022
- Prioritized diversity initiatives from early stages:
- Established company-wide diversity goals
- Implemented accountability measures
- Built distributed teams across Seattle, New York, and Lithuania
The Future of Chronosphere
With its commercial service now generally available, Chronosphere is positioned to:
- Convert open-source users to commercial customers
- Expand its enterprise client base
- Maintain a hybrid remote work model with strategic office hubs
The company’s unique position—combining proven open-source technology with commercial innovation—makes it a strong contender in the competitive cloud monitoring space.
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