Berlin-based observability and monitoring company Checkly has raised $20 million in Series B funding. The round was led by Balderton Capital (which invested in trawa and Qargo) alongside existing investors Accel, CRV, and Paul H. Müller. With this round, the total funding raised by the company accounts for $32.25 million.
With the new funding, Checkly plans to grow its teams, expand its reach, and further develop its code-first monitoring platform to support even faster remediation. and will see Balderton Capital Partner, Colin Hanna join Checkly’s board of directors, bringing insights and expertise to the company’s growth.
What challenge does it tackle?
In today’s world, quick detection and resolution of issues are critical for businesses to prevent costly downtime and meet customer expectations. Yet very few engineers have access to full observability and monitoring tools, and many of these tools still run in silos, managed separately from the app or API’s code. This disconnect means the average time to repair faults is more than an hour for most businesses (82%).
Checkly is on a mission to enable engineers to detect and resolve issues 10x faster through code-first synthetic monitoring that helps engineering teams through a code-first workflow. It provides the most effective solutions for developers for proactive issue detection before users even realise there’s a problem.
What does Checky do?
Led by CEO Hannes Lenke the co-founder and CEO of TestObject, later acquired by Sauce Labs, Checkly integrates advanced, proactive, and purpose-built synthetic monitoring tools inside repositories to ensure monitoring is always in sync with the latest code changes.
Engineers and developers can simulate user interactions continuously in 20+ remote locations worldwide using automated Playwright scripts, and get automatic, real-time, accurate alerts alongside detailed insights that help them turn alerts into action. This not only makes it easier for developers to track and manage everything in one place, but it helps catch issues early, without the usual delays and false positives seen with legacy tools. All while empowering the DevOps team to understand and own the monitoring of their services.
Checkly’s developer-first approach is tightly integrated, and up to 80% cheaper than legacy tools and is being used by more than 1,000 customers. Thousands of developers run 32.5M million checks on the Checkly platform each day and the platform has seen 3x growth among enterprise customers.
Hannes Lenke, CEO of Checkly said: “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. With our funding news, and the announcement that we’re uniting synthetics with Checkly Traces, we’re thrilled to be able to continue empowering engineers to detect and resolve issues faster and easier than ever before.”
Colin Hanna, Partner at Balderton Capital said: “Checkly approaches monitoring and observability with a fresh perspective. They are monitoring as Code means empowering developers to own the reliability of their services, APIs, and applications. This shrinks both 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. All of us at Balderton are deeply impressed with what Hannes and the team have already achieved and are grateful to be on the journey together.
“Using Checkly levels up your team to the point where it starts to feel like an unfair advantage,” said James Hall, Founder at Parallax. “We’ve had end-to-end monitors written on many projects, and the risk is they start to die and become unmaintainable. Part of that is because of difficulties unpicking what’s actually happening under the hood. Checkly Traces changes all that, making observability seamless and effective. It provides us with the necessary insights to pinpoint issues and optimize our caching strategy. The straightforward onboarding and automated trace correlation have made our troubleshooting process much faster and more efficient.”
New feature
In addition to the investment, Checkly has launched the new Checkly Traces feature which will help engineers resolve issues even faster by connecting synthetics with tracing. With this, engineers will have immediate insight into failures and will no longer need manual data correlation.
