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Bigeye raised $45M in Series B to scale its data observability platform, continue building its product, trust and save expensive engineering hours by assisting data teams in preventing customer-centric outages.
Bigeye, a provider of data observability platform for helping teams measure, improve and communicate data quality, raised $45 million in a Series B funding round led by Coatue to address the rising demand for data observability, a press release from Bigeye said.
The Series A funding for Bigeye came in April this year, where it netted $17 million. With the latest round, the total amount raised by the company touches $66 million. Other investors, Sequoia Capital and Costanoa Ventures participated in this funding round.
Bigeye, founded in 2019, helps data teams prevent data quality issues from damaging the business. Its platform detects the unknowns that wreak havoc on data pipelines. Kyle Kirwan, CEO and co-founder of Bigeye, stated that data teams are highly resource-constrained today and under higher pressure than before to ensure reliable distribution of products to stakeholders.
Data people need better tools if they’re going to rise to the challenge. My co-founder Egor and I bonded over building these types of tools, and Bigeye allows us to do that at an industry-wide scale. Working with so many great teams of different sizes from a wide range of industries has been an amazing experience. We’re excited about what we can do with this new round of funding. We can scale the team, build our platform faster, and serve more customers than we normally would at such an early stageKyle Kirwan, CEO and co-founder of Bigeye
Bigeye stated that it would use the proceeds from the funding to address the rising demand for data observability and continue building its product, trust and save expensive engineering hours by assisting data teams in preventing customer-centric outages.
Caryn Marooney, general partner at Coatue, who is also joining the Bigeye Board with this round’s closure, stated that the investment firm began this journey with Bigye as its customer and lauded the strength of the platform and its unique approach.
We are looking forward to partnering with Kyle, Egor, and the entire team as they continue to scaleCaryn Marooney, general partner at Coatue