Total amount raised
$217 Million
Latest funding date
5/1/2022
Location
Sentry has successfully navigated six funding rounds, with its most recent being a Series E led by Accel and Bond. The platform specializes in application performance monitoring, offering tools that help developers optimize their code.
Keep reading to explore the intricacies of Sentry's fundraising journey and the investors backing this innovative platform.
What Is Sentry?
Sentry is a private company headquartered in San Francisco, California, specializing in application performance monitoring and error tracking software. The platform helps developers identify, diagnose, and fix issues in their code, offering a range of products including error monitoring, logs, session replay, tracing, uptime monitoring, profiling, and AI code review.
Operating in the fields of Application Performance Management, Developer Tools, Real Time, and Web Apps, Sentry has between 251-500 employees. The company integrates seamlessly with popular tools like GitHub, Slack, Jira, and Linear, and supports a wide variety of programming languages and frameworks.
How Much Funding Has Sentry Raised?
- Seed Round
- Amount Raised: USD 1,500,000
- Date: August 2015
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their application monitoring platform and gain early market traction.
- Series A
- Amount Raised: USD 9,000,000
- Date: June 2016
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team to support growing customer demand.
- Series B
- Amount Raised: USD 16,500,000
- Date: May 2018
- Lead Investors: Accel, New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market penetration.
- Series C
- Amount Raised: USD 40,000,000
- Date: September 2019
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand into new markets.
- Series D
- Amount Raised: USD 60,000,000
- Date: February 2021
- Lead Investors: Accel, Bond, New Enterprise Associates
- Valuation at Round: USD 1,000,000,000
- Motivation Behind the Round: To scale operations and further develop their APM platform.
- Series E
- Amount Raised: USD 90,000,000
- Date: May 2022
- Lead Investors: Accel, Bond
- Valuation at Round: USD 3,000,000,000
- Motivation Behind the Round: To fuel long-term growth, product development, hiring, and global expansion, particularly in Europe.
Sentry has raised a total of USD 217,000,000 with a current valuation of USD 3,000,000,000.
Key Investors
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. They have a history of backing some of the most successful tech startups globally.
- Investment Focus Areas: Technology, software, digital services
- Notable Investments: Facebook, Slack, Dropbox
- Bond
- Details: Bond is a growth-stage venture capital firm that focuses on investing in companies driving digital transformation. They aim to support companies that have the potential to become market leaders.
- Investment Focus Areas: Technology, consumer companies, digital-first solutions
- Notable Investments: Stripe, Airbnb, DoorDash
- New Enterprise Associates (NEA)
- Details: NEA is one of the world's largest venture capital firms, investing in technology and healthcare companies at all stages of growth. They have a broad investment portfolio across various sectors.
- Investment Focus Areas: Technology, healthcare, energy
- Notable Investments: Coursera, Robinhood, Uber
- K5 Global
- Details: K5 Global is a venture capital firm that focuses on investing in innovative companies with high growth potential. They have a strong presence in the technology and media sectors.
- Investment Focus Areas: Technology, media, entertainment
- Notable Investments: SpaceX, The Boring Company
What's Next for Sentry?
Sentry stands at the cusp of significant opportunities, driven by its robust application monitoring tools and a growing market demand. With a valuation of over $3 billion and a recent $90 million funding round, the company is poised to expand its product development, hire new talent, and penetrate global markets, particularly in Europe. The increasing shift towards a digital-first mindset and the rapid growth in software development underscore the vast potential for Sentry's tools.
Future fundraising opportunities seem promising as Sentry continues to attract investor interest, bolstered by its impressive growth metrics and market penetration. However, the company may face challenges such as maintaining service quality while scaling, staying ahead of competitors, and managing the complexities of global expansion. Despite these hurdles, Sentry's strategic focus on enhancing developer productivity and application performance positions it well for sustained growth and potential future acquisitions.
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