Berlin-based Checkly, a leader in synthetic monitoring, has successfully secured €18.4 million in Series B funding. The round, led by Balderton Capital, also saw participation from existing investors Accel, CRV, and Paul H. Müller. This latest funding brings Checkly’s total raised to $32.25 million and will welcome Balderton Capital Partner, Colin Hanna, to the board of directors.
Checkly aims to leverage this funding to expand its team, enhance its reach, and further develop its innovative Monitoring as Code (MaC) platform. This platform, combined with Playwright, enables engineers to detect and resolve issues ten times faster than traditional methods, ensuring seamless website uptime and improved user experience.
Founded in 2020, Checkly is dedicated to providing engineers with proactive issue detection solutions. Its code-first approach integrates monitoring directly into code repositories, addressing the current gap where most engineers lack access to comprehensive observability tools. This integration is critical in reducing the average fault repair time, which currently exceeds one hour for 82% of businesses.
CEO Hannes Lenke highlighted the significance of Checkly’s mission: “Our goal is to bring monitoring directly to engineers’ workflows. With Monitoring as Code, teams can automate and manage their monitoring seamlessly within their codebases. The addition of Checkly Traces will further empower engineers by linking synthetic monitoring with tracing, eliminating the need for manual data correlation.”
Colin Hanna, Partner at Balderton Capital, emphasized the transformative impact of Checkly’s approach: “Checkly’s Monitoring as Code empowers developers to ensure the reliability of their services, APIs, and applications. This innovation significantly reduces both time to resolution and observability costs. Leading companies like Vercel and commercetools recognize the value of this shift and are among Checkly’s esteemed clients.”
With this new funding and the introduction of Checkly Traces, Checkly is set to continue its mission of enabling faster, more efficient issue resolution for engineering teams worldwide.
