Application monitoring platform Sentry announced Thursday that it raised $60 million in a Series D led by Accel. The latest round solidifies Sentry’s status as a unicorn with a post-funding valuation of $1 billion.
The San Francisco-based company will use the fresh capital to invest in product development and accelerate its go-to-market functions.
Sentry’s error tracking system provides developers with a view of every crash in their stack in real time. Whether one is using an app to stream a movie or trade the latest cryptocoin, Sentry’s platform aims to eliminate breakages that could disrupt the end user experience.
“While the consumer does not differentiate between poorly written code or bugs, developers must get to the root cause to solve these problems thoroughly,” Sentry CEO Milin Desai said in a blog post.
Since its last funding round in 2019, Sentry has increased its employee headcount by nearly 40 percent, according to the company. Following its Series D, the company plans to keep up the momentum.
Sentry is looking for dozens of new employees to join its engineering, operations, sales and marketing teams as it continues to scale.
“Scale in this context also means the ability to grow with our customer’s technical organization, as business priorities shift, new products are launched and technical ownership disperses across geographies,” Desai continued.
Last July, Sentry added a performance monitoring feature to its suite of virtual tools.
“Given the exponential pace at which code is changing now, observability of systems is simply incomplete without code observability,” Desai said. “From frontend to backend, developers now need a broader view of their application health to deliver a seamless product experience.”
Nearly 70,000 organizations worldwide use Sentry to keep their applications up and running including corporate heavy hitters like Disney, Peloton, Cloudflare, Eventbrite and Slack.
Sentry has raised $127 million in financing to date, according to the company.
