Odigos Secures $13M in Funding to Advance Application Performance Tracing Platform

Technology

Sep 10

NEW YORK, September 9, 2024 (VSNewsNetwork.com) – Odigos, a company specializing in eBPF-based observability platforms, announced it has raised over $13 million in funding. The investment round, led by Venture Guides, included participation from Salesforce Ventures, Mango Capital, Firestreak Ventures, and angel investors such as Martin Mao (CEO of Chronosphere), Christine Yen (CEO of Honeycomb), and Ben Sigelman (CEO of Lightstep). The funding will be used to further develop Odigos’ observability platform, expand go-to-market operations, and establish the company’s new headquarters in Boston.

Founded in 2023 by CEO Ari Recht and CTO Eden Federman, Odigos provides a solution for developers facing the challenges of monitoring and tracing distributed systems, which are critical for handling large amounts of data in web servers, content delivery networks (CDNs), and peer-to-peer networks. Odigos’ platform allows organizations to monitor data requests as they move through their systems without requiring code changes or affecting performance.

According to the company, traditional monitoring tools often struggle with distributed tracing due to their complexity and manual implementation, which can consume resources and require coordination across teams. Odigos aims to address these challenges using eBPF, a kernel-level technology, to automate the implementation of distributed tracing. This technology enables seamless context propagation and integration with OpenTelemetry, allowing customers to use Odigos with various observability tools.

“Odigos supercharges any organization’s current monitoring solution by offering the only platform to provide complete observability without requiring code changes and performance overhead,” said Recht.

Odigos has been gaining momentum since its inception, with the founders previously participating in the Y Combinator accelerator program in 2023. The company’s solution has already attracted the attention of Fortune 100 companies, which are using the platform to monitor complex systems more efficiently.

Mo Garad, Partner at Venture Guides and a board member of Odigos, praised the company's approach, stating, “Odigos is bringing a disruptive approach to distributed tracing by offering customers a fully automated, low overhead solution that requires no application restart.”

For more information, visit Odigos.

Source: Odigos via Newswire