The news: Edge Delta, a Seattle startup that helps companies get a handle on their observability data, landed $63 million in new funding. It declined to reveal a new valuation or revenue metrics.
The details: Founded in 2018, the company’s software platform helps engineering and security teams analyze data “at its source.” Edge Data decouples where data is analyzed from where it is stored in the cloud. The idea is to get a deeper level of visibility and identify anomalies right when they occur, without using complex monitoring logic.
“Our approach eliminates the cost constraints of analyzing all of a customer’s observability data,” said Edge Delta CEO Ozan Unlu. “With traditional platforms, the customer is forced to predict which data is worthy of being ingested; the rest is neglected in cold storage.”
The founders: Unlu and his co-founder Fatih Yildiz met while working at Microsoft. Unlu later joined Sumo Logic and Yildiz went on to become an engineer at Twitter.
The backers: The Series B round was led by Quiet Capital, with new investors BAM Elevate, Earlybird Digital East, Geodesic Capital, Kin Ventures, ServiceNow, Cisco. Previous backers Menlo Ventures, MaC Venture Capital, and Amity Ventures also participated.
Tina Hoang, co-founder at Kin Ventures and an early investor in Splunk, said Edge Delta’s “disruptive ease of use is what I believe defines category leaders.”
Edge Delta employs 100 people and plans to double headcount this year.
