Checkly funding news – Berlin-based Checkly Raises €18.4 Million in Series B Round Funding

With the additional money, Checkly intends to increase the size of its workforce, broaden its clientele, and enhance its code-first monitoring technology to enable even quicker correction.

With this investment, it has raised $32.25 million in total fundraising. Colin Hanna, a partner at Balderton Capital, will also join Checkly's board of directors, contributing his knowledge and experience to the company's expansion.

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In the round-the-clock world of today, prompt issue identification and resolution is essential for meeting customer expectations and avoiding expensive downtime. However, only a small percentage of engineers have access to full observability and monitoring tools, and a large number of these tools continue to operate in isolation from the code of the application or API. This discrepancy indicates that 82% of organisations require more than an hour to fix errors on average.

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, added: “it approaches monitoring and observability with a fresh perspective. 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.”

About Checkly

Founded in 2020, Checkly's goal is to help engineering teams adopt a code-first workflow by providing code-first synthetic monitoring, which will enable engineers to identify and fix problems 10 times faster. For proactive issue detection—detecting problems before users even know they exist—Checkly offers developers the best solutions.