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Sentinelan application performance monitoring (APM) platform used by some of the world’s largest companies, raised $90 million in a Series E funding round.
Founded in 2012, Sentry helps companies like Microsoft, Disney, Slack, and Atlassian track all their software behavior metrics and troubleshoot errors, fix performance bottlenecks like poorly performing API calls or slow database queries, and more.
Ultimately, Sentry aims to optimize software performance, given that even a one-second lag or downtime can create significant user churn.
Today’s funding comes six months after Sentry made its first-ever acquisition, snapping up mobile app performance platform Specto for an undisclosed amount. While Sentry already offered some of its own mobile APM tools, Specto’s specialization in collecting performance metrics from iOS and Android apps allowed Sentry to deepen its support for smartphone-based software.
The San Francisco-based company previously raised around $127 million, including a $60 million round last year that elevated it to unicorn status with a $1 billion valuation. With another $90 million in the bank and a valuation more than triple last year’s figure at $3 billion, Sentry said it plans to build on recent revenue growth by opening a new hub in Europe, while investing in product development and strengthening its workforce at all levels.
“Revenues have more than tripled in just over two years, and our team will continue to focus on providing engineering organizations with the ability to ship better code faster,” said Sentry CEO, Milin Desai, in a statement. Press release.
Sentry’s Series E was co-led by Bond and Accel, with participation from New Enterprise Associates and K5 Global.
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