Czech-founded and San Francisco-based Better Stack has successfully raised an additional €9.2 million in funding from early-stage investor KAYA. Angel investors Aaron Levie, CEO at Box, and Kulpreet Singh, ex-UiPath executive, have joined the venture. The company, having previously raised €18.2 million from investors including Creandum, KAYA, Susa Ventures, and others, aims to revolutionize infrastructure monitoring.
Established in 2021, Better Stack addresses the challenges faced by developers in delivering high-quality software efficiently. CEO and co-founder Juraj Masar expressed, “With Better Stack, we decided to solve at least some of the daily struggles engineers face, creating tools that are a joy to use.”
Currently serving 200,000+ developers and 4,000+ customers, Better Stack’s clientele includes prominent enterprises like Time Magazine, Salesforce, and startups such as Brave and Hugging Face. The platform integrates monitoring, logging, incident management, and status pages, offering a cost-effective and efficient alternative to existing tools. Leveraging the ClickHouse database, it boasts being roughly 10 times cheaper and 10-100 times faster than alternatives, providing an intuitive experience for engineering teams through SQL-based data querying.
In 2023, Better Stack introduced Figma-like collaborative dashboards, enhancing engineers’ ability to resolve incidents swiftly. Co-founder & COO Veronika Kolejak stated, “We’re known to be the best tool for alerting the right engineer when something goes wrong.”
Achieving unintentional profitability earlier this year, Better Stack expanded its funding with an additional $10 million investment round led by KAYA. CEO Masar expressed excitement about KAYA’s continued support, highlighting that KAYA’s LP Aternus pledged to contribute a portion of the investment proceeds to a non-profit cause.
Tomas Obrtac, General Partner at KAYA, commended Better Stack, stating, “Their product is an obvious choice for fast-moving companies: 100x faster and 10x cheaper is an easy choice.”
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By Proptechbuzz
By Ravi Kumar