SigScalr: Unified Observability SaaS Solution Company Closes $1.76 Million

By Amit Chowdhry • Feb 21, 2024

SigScalr (a unified observability SaaS solution that is purpose-built to process large volumes of observability data) announced it has emerged from stealth and closed a $1.76 million pre-seed round to help address the rampant cost inflation in enterprise application observability. Scribble Ventures led the funding round with co-investments from WestWave Capital and Forward Slash Capital.

The fresh funding round will enable SigScalr to launch its open-source software (OSS) product SigLens, a column-oriented database built from scratch for observability. And the company will also expand its go-to-market efforts and recruit experts in the software and product development space to power innovation surrounding the observability market.

The enterprise technology industry has seen a major increase in application log data as monolith software has fragmented into hundreds of microservices. And the accompanying log and metadata has dramatically inflated cloud costs as millions in usage-based fees have been directed to incumbent observability companies and public clouds.

SigScalr’s OSS product SigLens was purpose-built. And it is a columnar database with dynamic compression that adjusts as data streams in, making it an extremely compact and efficient service. Using micro-indices, SigLens narrows search space, enabling rapid speed queries. The platform enables performance engineers to search over compressed data without uncompressing 98% of data.

The additional features and benefits of SigLens include:

  1. Scalability – Regardless of your dataset’s size, SigLen’s horizontal scalability has you covered.
  2. Efficiency – Utilize the full potential of your hardware and cloud resources with SigLens’s efficiency.
  3. Fast – SigLens can search and aggregate billions of log lines in under a second.
  4. Ease of use – SigLens provides an intuitive interface, making it accessible even for those unfamiliar with observability tools.
  5. Compatibility – SigLens offers query compatibility with every observability tool. And it is a drop-in replacement for your existing observability tool.

The platform is also highly scalable and enables developers to run thousands of concurrent queries under a second on terabytes of data and allowing up to 1 petabytes of data overall. And other platform consumption models are broken and have no financial incentive to help customers reduce their usage. 

Customers of a large SaaS implementation would usually have to pay for their egress log data with other observability platforms and would ideally want the solution to run inside the network. And SigScalr addresses the financial concerns by operating inside organizational firewalls if they choose or can be hosted with their SaaS connection.


“Most observability platforms specialize on key areas to support log management, metrics and traces forcing developers to tirelessly switch between platforms in order to troubleshoot productivity issues. For a fresh engineer entering the field, the number of tools available for observability is inscrutable and overwhelming. SigScalr is the only unified observability platform enabling developers to seamlessly consolidate observability tools and effectively reduce cloud infrastructure spend and debug issues faster.”

  • Kunal Nawale, SigScalr founder and CEO

“Kunal and the team are elevating the developer experience by creating a solution to maximize their productivity. The vast majority of existing software companies spend too much time on provisioning tools to help identify application issues resulting in unnecessary wasted time and cost. SigScalr has been tested to outperform similar solutions and we are excited to be a part of this innovation for the software market.”

  • Elizabeth Weil, founder of Scribble Ventures

“SigScalr is a pioneer for the observability space, and we’re proud to be a part of this funding round at its critical stage of growth. They have a deep, peer-to-peer understanding of the issues developers face surrounding complex systems. The company’s unified approach is tailored to support the future of observability solutions.”

  • Gaurav Manglik, partner at WestWave