Checkly, a Berlin-based company specializing in Monitoring as Code, has announced a successful Series B funding round, raising $20 million. The investment was led by Balderton Capital, with participation from existing investors Accel, CRV, and Paul H. Müller. With this latest round, Checkly’s total fundraising now stands at $32.25 million. This funding will be utilized to expand their workforce, broaden their market reach, and further develop their code-first monitoring platform to enhance issue remediation speed.
Comparative information from prior updates shows Checkly consistently innovates. Previously, the company raised $12.25 million and introduced significant platform enhancements, reflecting a pattern of growth and technological advancement. Historical data also reveals a commitment to reducing costs and increasing monitoring accuracy, which aligns with the current funding objectives.
Balderton Capital’s Colin Hanna will join Checkly’s board as part of the new investment. Hanna expressed his enthusiasm for Checkly’s innovative approach to monitoring and observability. This move is expected to bring significant strategic insights to Checkly’s leadership team. The addition of new features, like Checkly Traces, aims to allow engineers to resolve issues more swiftly by linking synthetics with tracing.
Checkly’s Mission and Technology
Under the leadership of CEO Hannes Lenke, Checkly aims to revolutionize how engineers identify and fix issues, focusing on code-first synthetic monitoring. This approach integrates monitoring tools directly into code repositories, ensuring real-time synchronization with code changes. Developers can simulate user interactions from over 20 global locations using automated Playwright scripts, receiving precise alerts and actionable insights. This method is notably more cost-effective and reduces false positives compared to traditional tools.
“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,” said Hannes Lenke, CEO of Checkly.
Investor Perspective
Balderton Capital, a venture firm with extensive experience in supporting European tech founders, led the investment round. They have previously invested in prominent companies across various tech sectors. Their portfolio includes notable names like Aircall, Revolut, and Voi. Balderton’s approach emphasizes empowering developers to take ownership of their service reliability, which Checkly’s platform directly supports.
“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,” said Colin Hanna, Partner at Balderton Capital.
In a broader context, Checkly’s efforts to enhance its platform and expand its market presence align with the industry’s increasing demand for efficient and cost-effective monitoring solutions. Their innovative approach not only addresses the current gaps in developer tools but also sets a standard for future advancements in the field. By continuously improving their platform, Checkly is well-positioned to meet the evolving needs of engineering teams worldwide.
