Monte Carlo has raised $236 million across multiple funding rounds, backed by leading investors such as IVP, Accel, and GIC. The platform provides data observability solutions that help businesses monitor data flow, reduce downtime, prevent revenue loss, and ensure data security across their operations.
What Is Monte Carlo and What Does It Do?
Monte Carlo, founded in 2019 by Barr Moses, Lior Gavish, Itay Bleier, and Jordan Van Horn, is headquartered in San Francisco, California. The company offers a data observability platform that ensures reliable, accurate, and secure data pipelines for modern enterprises.
Monte Carlo’s platform helps organizations prevent revenue-impacting incidents, improve data adoption, monitor data flows, and integrate with BI tools, data warehouses, and data lakes.
With a team of 45 employees, Monte Carlo serves data-driven organizations across various industries, enabling faster insights and reducing operational risks.
How Much Funding Has Monte Carlo Raised?
1. Series B
- Amount Raised: $25M
- Date: February 2021
- Investors: GGV Capital, Redpoint Ventures, Accel
- Motivation: To enhance platform capabilities and expand enterprise adoption.
2. Series C
- Amount Raised: $60M
- Date: August 2021
- Investors: ICONIQ Growth, Accel, GGV Capital, Redpoint Ventures, Salesforce Ventures
- Motivation: To scale operations, improve integrations, and strengthen market presence.
3. Series D
- Amount Raised: $135M
- Date: January 2022
- Investors: IVP, Accel, GGV Capital, Iconiq Capital, Redpoint Ventures, GIC, Salesforce Ventures
- Motivation: To accelerate product development, expand the team, and grow enterprise adoption.
Total Funding Raised: $236 Million
Current Valuation: $747 Million - $1.33 Billion
Latest Funding Date: January 2022
Key Investors
1. IVP
- Details: Growth-stage venture capital firm investing in technology companies.
- Investment Focus Areas: Enterprise software, SaaS, data platforms
- Notable Investments: Monte Carlo, Slack, Docker
2. Accel
- Details: Venture capital firm investing in seed through growth-stage technology companies.
- Investment Focus Areas: Technology, enterprise software, SaaS
- Notable Investments: Monte Carlo, Facebook, Dropbox
3. GGV Capital
- Details: Global venture capital firm investing in early and growth-stage technology companies.
- Investment Focus Areas: Enterprise software, consumer internet
- Notable Investments: Monte Carlo, Alibaba, Square
4. Redpoint Ventures
- Details: Early-stage and growth venture capital firm focused on technology startups.
- Investment Focus Areas: SaaS, data, infrastructure
- Notable Investments: Monte Carlo, Stripe, Twilio
5. ICONIQ Growth
- Details: Investment firm focusing on high-growth technology companies.
- Investment Focus Areas: Technology, software, cloud platforms
- Notable Investments: Monte Carlo
Where Is Monte Carlo’s Headquarters?
Monte Carlo is headquartered in San Francisco, California, giving it access to a leading technology ecosystem, top-tier talent, and key enterprise clients.
What’s Next for Monte Carlo?
Monte Carlo aims to expand its platform capabilities, integrate with more enterprise tools, and scale adoption across global organizations. With $236 million in funding and backing from top-tier investors, the company is well-positioned to advance data observability standards and reduce operational risk for modern data-driven enterprises.
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