DashO funding news – Germany-based DashO Secures $9.5 Million in Seed Funding

Investor of the round

The Investment was led by Accel with participation from Dig Ventures and angel investors including Guy Podjarny (co-founder, Snyk) and Guillermo Rauch (CEO, Vercel). The funding will be used to accelerate product development and scale Dash0’s sales and marketing teams.

Observability - the ability to track the telemetry data that applications produce, such as metrics, logs, and traces - is one of the most powerful tools a developer can have at their disposal, and represents a $50B market opportunity.

Analyzing telemetry data helps businesses to improve performance, reliability and user experience, and the launch of OpenTelemetry in 2019 made this even easier by providing universal open-source standards for data measurement.

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Despite this, OpenTelemetry’s potential is mostly untapped, with legacy observability tools favoring outdated, proprietary data collection methods that cannot be understood by other tools. The result is a poor user experience, data that can’t be contextualized, and high, unpredictable costs based on inconsistent standards.

Co-Founded by Mirko Novakovic who also founded Accel-backed observability platform Instana (acquired by IBM in 2020), Dash0 is the first observability tool that is OpenTelemetry-native. This ensures it simplifies observability for developers everywhere helping them gain deeper insights to improve system performance.

Dash0 Approach

Dash0’s OpenTelemetry-native approach means that it is the only observability tool that does not generate proprietary data for its customers, instead providing visibility of vendor-agnostic performance data that is standardized and fully contextualized. This prevents observability costs from spiraling, instead allowing transparent, real-time pricing based on standardized units of observability data generated by Dash0 users.

Mirko Novakovic, Founder and CEO of Dash0, said: “OpenTelemetry is the future of observability. As the first OpenTelemetry-native tool, Dash0 is the next step for developers everywhere who want complete visibility over their entire stack. For too long, developers have had no control over observability costs and have been unable to tap the potential offered by OpenTelemetry’s simple, vendor-neutral standards. We’re excited to announce this seed funding to make observability easy for every developer and to help them access the data they need to improve.”

Harry Nelis, Partner at Accel, said: “Dash0 is revolutionizing observability and taking advantage of a major opportunity in the market at the same time. By building the first OpenTelemetry-native observability tool, the company is committed to developing truly innovative software that can challenge legacy vendors by simplifying this crucial process for businesses everywhere. Accel partnered with Mirko on his journey with Instana and we’re delighted to be working with him again as he builds Dash0.”

Ross Mason, Founder of DIG Ventures, said: ”Making observability easy is actually as difficult as it is game changing. With its next generation product, Dash0 team are re-defining this critical infrastructure category and for the first time opening it up to all developers. Dig Ventures is run by, and for, brilliant technical founders like Mirko and his team, we are thrilled to support Dash0 from its inception.”

About Dash0

Dash0 is the world’s first OpenTelemetry-native observability tool, making observability simple for developers everywhere. Built from the ground up on OpenTelemetry’s standards, Dash0 helps developers gain deep insights into their applications and infrastructure through one easy-to-install, user-friendly platform while providing control of their observability costs at the same time.