Checkly – the leading provider of synthetic monitoring powered by Monitoring as Code (MaC) and Playwright – has raised a $20 million Series B funding round led by Balderton Capital. Existing investors Accel, CRV, and Paul H. Müller also participated. In conjunction with the funding announcement, Checkly is unveiling its new Checkly Traces feature which will help engineers resolve issues even faster by connecting synthetics with tracing. In this way, engineers will have immediate insight into failures and will no longer need manual data correlation.

Checkly, a leading provider of synthetic monitoring powered by Monitoring as Code (MaC) and Playwright, has announced a $20 million Series B funding round led by Balderton Capital. This latest investment, with participation from existing investors Accel, CRV, and Paul H. Müller, follows Checkly's recognition as a Gartner Cool Vendor. The funding will support Checkly's mission to enhance issue resolution speeds and introduce innovative features like Checkly Traces.

• Monitoring as Code (MaC):

  • Checkly’s platform provides real-time alerts and insights deeply integrated into engineering workflows.
  • Enables engineers to detect and resolve issues up to 10x faster through a code-first approach.

• Checkly Traces:

  • New feature connecting synthetics with tracing to enhance issue detection and resolution.
  • Provides immediate insights into failures, eliminating the need for manual data correlation.

• Proactive Monitoring:

  • Simulates user interactions continuously across 20+ remote locations using automated Playwright scripts.
  • Offers accurate, real-time alerts with detailed insights, reducing delays and false positives.

Market Position and Growth

• Series B Funding and Growth:

  • With the new $20M funding, Checkly’s total funding rises to $32.25M.
  • The company plans to expand its teams, extend its reach, and enhance its platform capabilities.

• Adoption and Recognition:

  • Checkly is used by over 1,000 customers, running 32.5 million checks daily.
  • Recognized as a Gartner Cool Vendor and noted for its code-first monitoring approach.

• Industry Impact:

  • The monitoring and observability market is expected to grow to $4.1 billion by 2028.
  • Checkly's platform offers a cost-effective alternative to legacy tools, with up to 80% cost savings.

Industry Reactions

• Hannes Lenke, CEO of Checkly:

  “Today, only a fraction of engineers have access to observability and monitoring tools. At Checkly, we integrate monitoring directly into code repositories, empowering teams with Monitoring as Code. Our funding and Checkly Traces launch will continue to accelerate issue detection and resolution.”

• Colin Hanna, Partner at Balderton Capital:

  “Checkly’s fresh approach to monitoring and observability empowers developers to own the reliability of their services. This shift enhances resolution speed and reduces costs, as evidenced by the support from sophisticated software companies.”

• James Hall, Founder at Parallax:

  “Checkly Traces provides seamless observability and effective insights for pinpointing issues and optimizing strategies. Its straightforward onboarding and automated trace correlation significantly enhance troubleshooting efficiency.”

Checkly's $20 million Series B funding and the introduction of Checkly Traces mark a significant advancement in synthetic monitoring and issue resolution. By integrating monitoring directly into code repositories and enhancing capabilities with tracing, Checkly is poised to offer unparalleled efficiency and effectiveness in the evolving landscape of software monitoring.