Operations | Monitoring | ITSM | DevOps | Cloud

TLDR: We raised $60M in new funding, led by Scale Venture Partners, with participation from World Innovation Labs, Cross Creek, Alpha Square Group, Patrick and John Collison (Stripe) IVP, Sequoia, and Y Combinator. With this new infusion of capital, we’re looking to further grow developer awareness around IDPs and invest in our platform capabilities with enhanced workflows, engineering intelligence, user interface, and of course, AI.

When Gartner publishes their annual observability industry research, it’s always exciting to find your company named among the most successful and high-profile providers in this space. That’s why Logz.io is thrilled to find itself listed as a Visionary for the third consecutive year in the Gartner Magic Quadrant for Observability Platforms (previously known as the Magic Quadrant for Application Performance Monitoring and Observability).

I’m so excited to share that Cribl has closed a $319M Series E round! The oversubscribed round was led by GV (Google Ventures), joined by new investor CapitalG along with participation from existing investors GIC, IVP, and CRV. This round values Cribl at $3.5 billion, up 40% from our Series D round in 2022, and includes both primary and secondary.

In any significant journey, there are milestones that prompt reflection—moments that make you pause and consider how far you've come and where you began. This week, the release of Gartner’s first-ever Magic Quadrant for Digital Employee Experience Tools, naming Nexthink as a Leader, is one such moment for all of us here.

Observability has become essential to organizations of all sizes, helping them get deeper, better insights into the infrastructure and applications driving their businesses.

"Transformative Solution" says a Director of IT in a $30B+ retailer. "Best Monitoring and Observability Tool > Splunk," is how a software engineer in a software company labels it. These are only a couple of the terms our customers use when describing the value they are getting from Splunk. With these descriptions in mind, we are elated that Splunk has been named a Leader in the 2024 Gartner Magic Quadrant for Observability Platforms for the second year in a row in this category.

We are thrilled to announce that, for the fourth consecutive year, Datadog has been named a Leader in the 2024 Gartner Magic Quadrant for Observability Platforms. We believe that this placement reflects Datadog’s continued commitment to solving our customers’ most sophisticated challenges and building products that provide unmatched visibility into the performance, security, and cost of their traditional, cloud-based, or hybrid tech stack—from code to production.

By Christina Kosmowski, CEO, LogicMonitor It’s been a remarkable year, with exceptional moments accelerating value and impact for our customers. Now, I am excited to announce an incredibly significant recognition as a Visionary in the Gartner Magic Quadrant for Observability Platforms, 2024.

Elastic has been named a Leader in the 2024 Gartner Magic Quadrant for Observability Platforms. The need for observability platforms continues to evolve as operations teams deal with increased complexity and exponential data growth. Emerging trends like generative AI are driving a paradigm shift in proactive root cause detection and resolution.

The greatest innovations are often the simplest. They address fundamental needs and make life easier in the most direct way. Cribl Lake was just announced as the winner of CRN’s 2024 Tech Innovators Award for Data Information Management. We are so happy and honored by this recognition, which solidifies our belief that the best innovations are indeed the simplest.