Total amount raised
$73.5 Millions
Latest funding date
10/01/2024
Location
Bigeye has successfully raised $5,000,000 in a recent funding round, with backing from investors such as USAA and Costanoa Ventures. The company specializes in data observability solutions, offering features like data monitoring, anomaly detection, and AI-driven data quality.
Keep reading to explore the intricacies of Bigeye's fundraising journey and the investors supporting this innovative platform.
What Is Bigeye?
Bigeye, founded in 2019 by Egor Gryaznov and Kyle Kirwan, is headquartered in San Francisco, California. The company operates in the analytics, artificial intelligence, machine learning, and software industries, specializing in data observability solutions.
With a team of 11-50 employees, Bigeye offers a platform that ensures data quality through features like anomaly detection, lineage tracking, and automated monitoring. Their solutions are designed to support various data environments, providing comprehensive insights for informed decision-making.
How Much Funding Has Bigeye Raised?
- Seed Round
- Amount Raised: $4M
- Date: May 2020
- Lead Investors: Costanoa Ventures, Point72 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the platform and achieve initial growth.
- Series A
- Amount Raised: $17M
- Date: April 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build on product leadership and expand business reach.
- Series B
- Amount Raised: $45M
- Date: September 2021
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team, enhance the product, and meet rising demand for data observability.
- Venture Round
- Amount Raised: $2.5M
- Date: December 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development initiatives.
- Venture Round
- Amount Raised: $5M
- Date: October 2024
- Lead Investors: USAA
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance data observability solutions.
Total Amount Raised: $73.5M. Current Valuation: Not publicly disclosed.
Key Investors
- USAA
- Details: USAA (United Services Automobile Association) is a diversified financial services group of companies. They provide insurance, banking, and investment services to people and families that serve, or served, in the United States military.
- Investment Focus Areas: Insurance, banking, investment services.
- Notable Investments: Various sectors including fintech, insurtech, and other technology-driven companies.
- Coatue
- Details: Coatue Management is a global investment manager focused on public and private companies in the technology, media, and telecommunications industries. They are known for their strategic investments and active involvement in the companies they support.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: ByteDance, DoorDash, Snap Inc.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that partners with founders to build enduring companies. They have a long history of successful investments in the technology sector.
- Investment Focus Areas: Technology, software, hardware, healthcare.
- Notable Investments: Apple, Google, Oracle, WhatsApp.
- Costanoa Ventures
- Details: Costanoa Ventures is an early-stage venture capital firm. They focus on investing in companies that are in the early stages of development, providing both capital and strategic support.
- Investment Focus Areas: Enterprise software, data, fintech.
- Notable Investments: Alation, Intacct, Quizlet.
- Point72 Ventures
- Details: Point72 Ventures is a global venture capital firm. They invest in companies that are leveraging technology to create new and innovative solutions.
- Investment Focus Areas: Fintech, artificial intelligence, enterprise technology.
- Notable Investments: Extend, Even Financial, Scale AI.
What's Next for Bigeye?
Bigeye is poised to capitalize on the growing demand for data observability solutions, with opportunities to scale its team and enhance product offerings. The recent $45 million Series B funding underscores the potential for significant growth, particularly in industries like food delivery, financial services, and ed-tech.
Future fundraising seems likely, given the involvement of high-profile investors and the platform's rapid adoption. However, Bigeye will need to navigate challenges such as maintaining platform reliability and staying ahead of competitors in a fast-evolving market.
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