Honeycomb Closes Best Quarter in Company History Fueled by Rapid Adoption Among Engineering Teams
SAN FRANCISCO, Oct. 16, 2023 /PRNewswire/ -- Honeycomb, the observability platform that enables engineering teams to solve problems they couldn't before, today announced several growth milestones, signaling strong product fit and market demand despite shrinking IT budgets amid a down economy. Adding to record momentum in 2022 where it achieved 2X YoY revenue growth, Honeycomb closed a record number of bookings in Q3 2023 while making four key executive hires across revenue, marketing, and developer community.
- Observability has never been more critical to engineering teams that are under intense pressure to effectively deliver and maintain software while navigating an increasingly complex tech landscape on tightening budgets.
- With the right observability solutions and framework, engineering teams maximize their tech investments, resolve incidents faster, and retain top talent, ultimately leading to end-user satisfaction.
- Through our partnership, Honeycomb has not only bolstered the reliability of our systems but also enhanced the confidence of our customer base."
- Honeycomb continues to build strong momentum by adding several strategic hires focused on scaling the organization and growing revenue.