Berlin-based Checkly has successfully concluded a Series B funding round, securing $20 million with Balderton Capital at the helm. This notable investment aims to propel Checkly’s development in web monitoring solutions.
As Checkly expands its innovative monitoring platform, the investment will support team growth and technological advancements. Balderton Capital, with its history of strategic partnerships, strengthens Checkly’s commitment to faster and more integrated web issue resolution.
Checkly’s recent $20 million Series B funding round marks a significant milestone in its mission to transform web monitoring. This financial boost, led by Balderton Capital and supported by existing investors like Accel, CRV, and Paul H. Müller, increases Checkly’s total funding to $32.25 million. Such substantial backing underscores the investors’ confidence in Checkly’s capabilities to deliver enhanced solutions for web monitoring challenges.
Checkly’s platform allows for proactive issue detection, a feature that is increasingly crucial in a landscape where over 82% of businesses face repair times exceeding one hour. By integrating monitoring as code, Checkly enables developers to scrutinise potential problems before they impact users.
Additionally, Checkly’s approach empowers DevOps teams to take ownership of their service monitoring. This unique, developer-oriented strategy has proven to be cost-effective, often up to 80% cheaper than traditional methods, and is already trusted by over 1,000 customers.
Such strategic leadership is vital as Checkly navigates the complexities of scaling its operations and enhancing its platform’s efficacy at a broader level.
Checkly Traces exemplifies the company’s commitment to advancing user-friendly, efficient tools for the engineering community, which aligns with Checkly’s growth strategy and product evolution.
Companies benefit from Checkly’s monitoring solutions, gaining what James Hall from Parallax terms as an ‘unfair advantage’. Such endorsements from industry leaders underline Checkly’s success.
With the substantial funding and new feature launch, Checkly is poised to redefine the landscape of web monitoring. As the company continues to innovate and expand, it is well-positioned to set new benchmarks in efficiency and user empowerment.
Checkly’s recent advancements, underpinned by substantial investment and strategic leadership, set it on a promising trajectory. The integration of new features and expansion efforts reflect its commitment to pioneering web monitoring solutions, marking a significant step forward in the tech industry.
