Sentry, a firm that monitors applications and is situated in San Francisco, CA, has raised $60m in Series D funding.
The round, which increased funding to $127 million and valued the company at $1 billion after funding, was headed by Accel and included current investor New Enterprise Associates (NEA) and new investor BOND.
The company plans to utilise the cash to expand Performance Monitoring capabilities across all platforms, enabling product innovation in its core Application Monitoring platform, and speed up hiring throughout the company’s San Francisco, Toronto, and Vienna offices.
Sentry, led by CEO Milin Desai, offers performance monitoring tools that complement systems monitoring tools by enabling developers to identify, classify, and priorities code mistakes and performance bottlenecks in real time. This enables them to create the greatest end-user experiences possible.
It is utilized by more than 68,000 businesses globally, including many of the greatest software companies in sectors with a strong digital focus, including computing, gaming and streaming media, financial services, business, and healthcare. Numerous well-known international companies, like Disney, Peloton, Cloudflare, Eventbrite, Slack, Supercell, and Rockstar Games, are among Sentry’s clients.
The business will expand on the value offered by its comprehensive suite of application monitoring solutions for all developers as it scales its performance monitoring solutions across native, mobile, and web-based platforms to embrace more languages and frameworks.