Sift Raises $17.5 Million in Series A

Sift Raises $17.5 Million in Series A

Sift, an El Segundo, CA-based unified observability platform specializing in hardware sensor data, raised $17.5 million in Series A funding.

The round was led by GV (Google Ventures), bringing Sift's total funding to $25 million.

GV, founded in 2009, is Alphabet's venture capital arm in San Francisco. It focuses on enterprise, life sciences, consumer, and frontier technology sectors. With offices in Cambridge, London, and New York, GV manages over $10 billion in assets and supports 400 active portfolio companies across North America and Europe.

The company will use the funding to accelerate the development of its platform, expand its team, and support customers across the full hardware development lifecycle.

Furthermore, Sift will focus on building out its manufacturing automation suite to empower its customers to leverage Sift from R&D through production and operation. The company also intends to grow its team across engineering, product, sales, and customer success departments.

Sift offers a unified observability platform tailored for hardware sensor data, enabling engineers to accelerate development, conduct efficient reviews, and ensure the reliable operation of complex machines. Sift serves customers in the aerospace, aviation, defense, energy, and transportation industries, including Astranis, Astrolab, K2 Space, Mach Industries, Parallel Systems, and True Anomaly. Founded by former SpaceX engineers, Sift is headquartered in El Segundo, CA.

Funding Details

Company: Sift

Raised: $17.5M

Round: Series A

Funding Month: June 2024

Lead Investors: GV

Additional Investors:

Company Website: https://www.siftstack.com/

Software Category: Unified Observability Platform