SigScalr Closes $1.76 Million in Pre-Seed Funding

SigScalr Closes $1.76 Million in Pre-Seed Funding

SigScalr, a Boston, MA-based unified observability SaaS solution, has emerged from stealth and closed $1.76 million pre-seed funding.

The round was led by Scribble Ventures, with co-investments from WestWave Capital and Forward Slash Capital. Notable angel investors include: Manik Gupta (ex-chief product officer at Uber), Ganesh Pai (chief executive officer at Uptycs), Srinath Sridhar (chief executive officer at Regie.ai).

The funding will enable SigScalr to launch its open-source software product, SigLens, a column-oriented database designed for observability.

Founded by Kunal Nawale, SigScalr is a unified application observability platform, purpose-built for the modern enterprise’s microservice application architecture. It dramatically reduces spend on observability through a unique approach to querying and uncompressing log data. SigScalr’s unified view of observability includes log, metrics, and trace data in a single view. SigScalr is based in the Boston area.

Funding Details

Company: SigScalr

Raised: $1.76M

Round: Pre-Seed

Funding Month: February 2024

Lead Investors: Scribble Ventures

Additional Investors: WestWave Capital, Forward Slash Capital, Manik Gupta, Ganesh Pai, Srinath Sridhar

Company Website: hhttps://www.sigscalr.io/

Software Category: Observability Solution