Sutter Hill Ventures

Observe Announces $115 Million In Series B Financing

Retrieved on: 
Wednesday, March 27, 2024
Organization, Software as a service, Growth, ARR, Walking, Environment, Capital One, TCV, Venture round, Telemetry, Architecture, APM, OPAL, Series, NRR, Sutter Hill Ventures, Snowflake

SAN MATEO, Calif., March 27, 2024 /PRNewswire/ -- Observe, Inc. the SaaS observability company reinventing the way machine-generated data is stored, managed and analyzed, today announced the Company has closed a Series B funding round of $115 million led by Sutter Hill Ventures with participation from existing investors Capital One Ventures and Madrona and new investor Snowflake Ventures.

Key Points: 
  • The Series B funding, raised at a valuation 10x higher than the company's Series A round four years ago, promises to further accelerate Observe's growth.
  • Observe's headcount increased more than 50% and the company is scaling its sales organization as many tech companies pull back.
  • "Legacy monitoring and APM players, shackled by outdated architectures, are dead companies walking," said Jeremy Burton, CEO at Observe.
  • "We believe Observe is the future of Observability and we're incredibly excited to lead the Series B round," said Mike Speiser, Managing Director at Sutter Hill Ventures.

Luminary Cloud Emerges from Stealth, Empowering R&D with Realtime Engineering

Retrieved on: 
Wednesday, March 13, 2024
Cloud, Aircraft, Physics, Piper Aircraft, Temperature, VMware, Bracket Computing, Pressure, Software as a service, GPU, Science, Digital, Risk, SAN, Aerospace, SVP, Research, Lango, AI, Luminary, Stanford University, NVIDIA GPU, Graphics processing unit, CAE, Engineering, Cloud computing, Atmosphere, Water, Joby Aviation, Elasticity, Sutter Hill Ventures, Trek Bicycle Corporation, NVIDIA, Cobra Golf, Video game

SAN MATEO, Calif., March 13, 2024 /PRNewswire/ -- Luminary Cloud, a pioneer in realtime engineering, today announced its official launch out of stealth. A computer-aided engineering (CAE) SaaS platform, Luminary empowers smarter and faster design cycles, allowing engineers to develop better products in a fraction of the time. Backed by Sutter Hill Ventures, which led its $115 million funding, Luminary's customers span industries including aerospace and defense, automotive, sporting goods, industrial equipment, and more.

Key Points: 
  • A computer-aided engineering (CAE) SaaS platform, Luminary empowers smarter and faster design cycles, allowing engineers to develop better products in a fraction of the time.
  • "While software engineering has become more agile thanks to advances in cloud technologies, physical engineering hasn't kept pace, despite increasing pressure to deliver advanced products faster and more efficiently," said Jason Lango, co-founder and CEO of Luminary Cloud.
  • With Luminary, engineering teams save months in their R&D schedules, drastically reducing product testing costs and reducing risk in the process.
  • Luminary has launched their realtime engineering platform for enterprise consumption.

Clumio Announces $75M Series D and 4X YoY Growth in ARR

Retrieved on: 
Wednesday, February 21, 2024
Cloud, Running, NPS, Risk management, Altimeter Capital, LexisNexis, S3, ARR, Index Ventures, PB, Amazon, Sutter Hill Ventures, Cava, Snowflake, AWS

"While many legacy vendors offer products for on-premise data protection, backup and recovery at public cloud scale is a significant technical challenge that Clumio is uniquely positioned to solve."

Key Points: 
  • "While many legacy vendors offer products for on-premise data protection, backup and recovery at public cloud scale is a significant technical challenge that Clumio is uniquely positioned to solve."
  • Clumio also announced a 4X growth in annual recurring revenue (ARR) in 2023, fueled by accelerated enterprise customer acquisition—software powerhouse Atlassian , legal and risk management leader LexisNexis , and recently public fast-casual restaurant chain Cava to name a few.
  • "Clumio helped us automate the resilience of Jira Cloud,” said Alex Grach, Head of Engineering, Core Engineering Services at Atlassian.
  • For its streak of innovation and momentum in 2023, Clumio was awarded InfoWorld Technology of the Year in the Cloud Compliance and Governance category.

Observe Inc. Unveils Hubble - The Only Observability Platform to Deliver Real-Time Insights at Petabyte-Per-Day Scale

Retrieved on: 
Thursday, October 5, 2023
MTTR, PostgreSQL, Regular expression, Observability, CSV, Threat intelligence, Software as a service, TB, CLI, Running, OpenAI, Telemetry, ACV, Public, OPAL, Workflow, Business intelligence, Hubble Space Telescope, Command-line interface, API, Sutter Hill Ventures, Nouvelle AI, MySQL, Exploration, Cryptocurrency, Mobile phone, Rare-earth element, Series, Prometheus, Snowflake, Observation

SAN MATEO, Calif., Oct. 5, 2023 /PRNewswire/ -- Observe, Inc. the SaaS observability company reinventing the way machine-generated data is stored, managed and analyzed, today announced Hubble, its biggest and most innovative product release to date. Hubble improves user productivity with a completely revamped Explorer interface, which includes numerous generative AI features, facilitating product help, coding, RegEx generation, incident workflow and more. Also announced today is $50 million in Series A3 financing led by Sutter Hill Ventures, bringing total funding raised to date to $164.5 million.

Key Points: 
  • Legacy observability and monitoring tools were not designed for these data volumes, or the complexity required to investigate unknown problems in production.
  • As a result, businesses are seeing legacy tool costs spiral out of control and mean-time-to-resolution (MTTR) rise.
  • Hubble allows users to discover things they could never see before at a scale previously thought impossible.
  • Observe enables users to be up and running in minutes via Observe Apps - pre-built packages of content containing Observe's opinion on how to observe specific environments.

Enfabrica Raises $125 Million Series B to Fuel Ramp of AI Infrastructure Networking Chips

Retrieved on: 
Tuesday, September 12, 2023
Technology, Other Technology, Software, Networks, Artificial Intelligence, Hardware, Graphics processing unit, Pressure, CXL, LLM, Synthetic media, Multimedia, Central processing unit, Movement, SSD, Silicon, Sutter Hill Ventures, Corporation, Cisco, Intel, Series, Linux, ACF, Artificial intelligence, Broadcom Inc., AI, Ecosystem, CIO, AWS, Memory, GPU, Bit, Video game, NVIDIA

The company will showcase its ACF-S solutions at the AI Hardware and Edge AI Summit 2023 taking place September 12-14 in Santa Clara, California.

Key Points: 
  • The company will showcase its ACF-S solutions at the AI Hardware and Edge AI Summit 2023 taking place September 12-14 in Santa Clara, California.
  • The successful Series B financing round resulted in Enfabrica’s valuation rising to more than 5 times its Series A post-money valuation.
  • Earlier this year, Enfabrica emerged from stealth mode to announce its revolutionary new class of AI infrastructure interconnect chips called Accelerated Compute Fabric devices.
  • “The fundamental challenge with today’s AI boom is the scaling of infrastructure,” said Rochan Sankar, Enfabrica CEO and co-founder.

Appen appoints former Pivotal Software and Astronomer SaaS executive Andrew Ettinger to lead worldwide sales

Retrieved on: 
Monday, May 22, 2023
Professional Services, Data Management, Technology, Data Analytics, Software, Artificial Intelligence, IPO, LLM, Deep learning, Risk management, Pivotal Software, ASX, Multimedia, Limited, Sutter Hill Ventures, Growth, AI, Astronomer, Trust (social science), Sales

Andrew will direct Appen’s global go-to-market sales and operations to meet our growth objectives.

Key Points: 
  • Andrew will direct Appen’s global go-to-market sales and operations to meet our growth objectives.
  • Andrew brings over 25 years of leadership experience in growing software and services companies from start-ups to scale-ups to a successful IPO with scaled growth.
  • Previously, Andrew served as a North American sales executive at Pivotal Software, where he helped scale the business from US$0-$100 million in annual recurring revenue ahead of Pivotal’s IPO, and up to US$500 million during his seven year tenure.
  • I look forward to delivering on the enormous potential of deep learning and generative AI,” says Andrew.

Appen Appoints Former Pivotal Software and Astronomer SaaS Executive Andrew Ettinger to Lead Worldwide Sales

Retrieved on: 
Monday, May 22, 2023
Data Management, Apps, Applications, Technology, Software, Networks, Artificial Intelligence, IPO, LLM, Deep learning, Risk management, Pivotal Software, ASX, Multimedia, Limited, Sutter Hill Ventures, Growth, AI, Astronomer, Trust (social science), Sales

Andrew will direct Appen’s global go-to-market sales and operations to meet our growth objectives.

Key Points: 
  • Andrew will direct Appen’s global go-to-market sales and operations to meet our growth objectives.
  • Andrew brings over 25 years of leadership experience in growing software and services companies from start-ups to scale-ups to a successful IPO with scaled growth.
  • Previously, Andrew served as a North American sales executive at Pivotal Software, where he helped scale the business from US$0-$100 million in annual recurring revenue ahead of Pivotal’s IPO, and up to US$500 million during his seven-year tenure.
  • I look forward to delivering on the enormous potential of deep learning and generative AI,” says Andrew.

Networking Chip Startup Enfabrica Emerges from Stealth Mode to Solve Scalability and Price-Performance Challenges for AI Growth in Cloud

Retrieved on: 
Tuesday, March 28, 2023
Technology, Other Technology, Software, Networks, Artificial Intelligence, Hardware, Graphics processing unit, HBM, Pressure, LLM, ASIC, CXL, DRAM, Synthetic media, InfiniBand, PCI Express, Central processing unit, Movement, Cloud computing, Silicon, Sutter Hill Ventures, Corporation, CPU, Nature, Machine learning, Cisco, NIC, Intel, Bit, Workload, ACF, Artificial intelligence, 2.0, Broadcom Inc., AI, TCO, AWS, Memory, Conference, GPU, RDMA, Video game, Information technology, Computer data storage

ACF devices deliver unmatched scalability, performance and total cost of ownership (TCO) for distributed AI, machine learning, extended reality, high-performance computing and in-memory database infrastructure.

Key Points: 
  • ACF devices deliver unmatched scalability, performance and total cost of ownership (TCO) for distributed AI, machine learning, extended reality, high-performance computing and in-memory database infrastructure.
  • Collapse tiers of latency and optimize out interface bottlenecks in today’s Top-of-Rack network switches, server NICs, PCIe switches and CPU-controlled DRAM.
  • Enable composable AI fabrics of compute, memory and network resources, from a single system to tens of thousands of nodes.
  • “Generative AI is rapidly transforming the nature and volume of compute traffic in data centers,” said Rochan Sankar, CEO and co-founder of Enfabrica.

OBSERVE, INC. PROMOTES KEITH BUTLER AS PRESIDENT & CHIEF REVENUE OFFICER

Retrieved on: 
Friday, February 3, 2023
Software as a service, PTC, Perforce, Dell Technologies, MRR, Engineering, Sutter Hill Ventures, BMC Software, Growth, SAN, RSA, Qi, Name, Fine chemical, Management, Stripe, Observation, Wavefront, Roblox

SAN MATEO, Calif., Feb. 3, 2023 /PRNewswire/ -- Today Observe, Inc., the SaaS observability Company, announced that Keith Butler has been promoted to President & CRO.

Key Points: 
  • SAN MATEO, Calif., Feb. 3, 2023 /PRNewswire/ -- Today Observe, Inc., the SaaS observability Company, announced that Keith Butler has been promoted to President & CRO.
  • Keith began his career working at some of the most pre-eminent names in technology—Xerox and PTC.
  • For the past ten years, Keith has worked at startups such as Aveksa (acquired by RSA), Perfecto (acquired by Perforce), and Observe.
  • said Keith Butler, President & Chief Revenue Officer at Observe, Inc. "Customers are fed up with the lack of visibility and escalating costs in their legacy monitoring environments.

OBSERVE, INC. APPOINTS QI JIN AS PRESIDENT, ENGINEERING & PRODUCTS

Retrieved on: 
Thursday, December 22, 2022
Knowledge, Incident, Red brick university, SAN, Growth, Google Knowledge Graph, Engineering, Payment, IBM, San Francisco Bay Area, Connect, Multimedia, Sutter Hill Ventures, Software as a service, Dell Technologies, DB2, Qi, Electronic Engineering & Product World, Satellite navigation device, Online shopping, Mobile phone, Surveying, Wavefront, Data lake, Stripe, Observation, Roblox

SAN MATEO, Calif., Dec. 22, 2022 /PRNewswire/ -- Today Observe, Inc., the SaaS observability Company, announced that Qi Jin , formerly Head of Engineering for Payments & Connect at Stripe, has joined Observe, Inc. as President of Engineering & Products.

Key Points: 
  • SAN MATEO, Calif., Dec. 22, 2022 /PRNewswire/ -- Today Observe, Inc., the SaaS observability Company, announced that Qi Jin , formerly Head of Engineering for Payments & Connect at Stripe, has joined Observe, Inc. as President of Engineering & Products.
  • said Jeremy Burton , CEO of Observe, "Qi ticked all the boxes for us.
  • He's scaled engineering teams through torrid growth at Stripe and has deep expertise working with data not only at Stripe but also at Google and IBM DB2."
  • For most of his career, Qi Jin has worked at companies managing large volumes of data, spending his formative years in the data warehousing industry with Redbrick and DB2 at IBM.