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New Deal


Announced

Completed

GV and Geodesic Capital led a $115m Series C round in Chronosphere.

Financials

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Transaction Value£94m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

software development

observability platform

United States

Friendly

Single Bidder

Completed

Private

Acquisition

Private Equity

Venture Capital

Minority

Cross Border

Synopsis

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GV and Geodesic Capital led a $115m Series C round in Chronosphere, the only cloud native observability platform that puts engineering organizations back in control by taming rampant data growth and cloud native complexity, with participation from Addition, Founders Fund, General Atlantic, Greylock, Glynn Capital, and Lux Capital. "In a cloud native world where businesses are looking for both efficiency and effectiveness, there's a dire need for organizations to get observability right. Chronosphere has cracked the code to tame the data deluge in complex environments and provides better tools that quickly sift through the most meaningful data for better customer experiences and business outcomes," Sangeen Zeb, GV Partner.

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