Chronosphere, the company redefining monitoring for the cloud-native world, has announced accelerated growth as it heads into Q4 2021. The company empowers cloud native engineering organizations to control for data volumes, rampant costs and organizational friction that comes from rapid scale and technical complexity. Chronosphere’s multi-million dollar annual recurring revenues saw more than 9 times growth as the company continues to do 6 and 7 figure deals.
Chronosphere continued to onboard customers from startups to well-known global brands in the Fortune 500. Chronosphere also saw existing customers significantly expand their usage.
Chronosphere added more than 40 employees this year, nearly doubling its employee count from 45 to more than 80. The new hires included a head of product marketing, head of growth marketing and head of sales to form a GTM leadership team to meet the unprecedented demand for Chronosphere. This year the company also transitioned to be remote-first.
In January this year, Chronosphere announced $43.4 million in Series B funding, bringing the total raised to $55 million. The round was led by previous investors Greylock, Lux Capital and venture capitalist Lee Fixel with participation from General Atlantic.