SigScalr, an observability SaaS solution, has emerged from stealth and closed a $1.76 million pre-seed round led by Scribble Ventures. The company aims to address the rising cost of enterprise application observability. Its solution works to reduce cloud infrastructure spend and improve debugging efficiency for software engineers.
The funding will support the launch of SigScalr’s open-source software product, SigLens, a column-oriented database built for processing large volumes of observability data. The platform allows performance engineers to search over compressed data without uncompressing 98 percent of data. It also provides a unified view of observability data, including logs, metrics and traces.
Alongside launching SigLens, the company plans to invest its new capital in expanding its go-to-market efforts and recruiting software and product development talent to further innovate in the observability market.
