App monitoring platform Sentry gets $60 million Series D at $1 billion valuation – ClearTips

App monitoring platform Sentry gets $60 million Series D at $1 billion valuation – TechCrunch

Monitoring the performance of the application Startup Sentry announced today that it had reached a unilateral position, a $ 60 million Series D with a post-funding valuation of $ 1 billion. The round was led by Excel and New Enterprise Associates, who were returning both investors and bonds.

Axel led Sentry’s seed funding in 2015, and has invested in each of its rounds since. The startup, which serves 68,000 organizations, has now raised a total of $ 127 million. Its customers include Disney, Cloudflare, Peloton, Slack, Eventbright, Supercell and Rockstar Games.

Sentry’s software monitors apps for potential issues, helping developers catch bugs resulting from outages, downtime, and frustrated users. Its Series D will be used on product development, such as adding support for more languages ​​and frameworks, and hiring for its offices in San Francisco, Toronto and Vienna.

While Sentry products are used in many areas, it is seeing continued growth in gaming and streaming media and new demand in industries, which are leading to greater digitization of their infrastructure and services, including finance, commerce and healthcare.

In July, Sentry announced the launch of frontend monitoring software for Python and JavaScript. At the time, Sentry chief executive Milin Desai told ClearTips that its customers across all verticals were relying more on the platform as the COVID-19 epidemic increased work, education and e-commerce app usage.

In a press statement, Excel partner Dan Levine stated, “With almost all companies moving to digital-first ways of working and connecting with customers, Application Health has become a business-critical initiative, and as a result, Sentry Explosives Ready for growth. “

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