Stackdriver Raises $10 Million In Series B Funding

Posted Sep 18, 2013

Stackdriver is a monitoring service company that has raised $10 million in Series B funding led by Flybridge Capital Partners with participation from Bain Capital Ventures.  Several angel investors participated in this round as well.

Last year Stackdriver raised $5 million in Series A funding.  The company plans on using the funding to expand their sales and marketing. Stackdriver’s investment from Flybridge is strategic because that venture capital firm also put money into MongoDB.

?Before Stackdriver, we struggled to find a monitoring solution that works with dynamic cloud environments,? said Andrew Shieh, Director of Operations at Smugmug in a statement today. ?Today, we use Stackdriver to ensure that our systems and infrastructure deliver the performance that our millions of users expect. Stackdriver is exactly what we would have written if we were building our own cloud monitoring product.?

[Source: TechCrunch]