Large enterprises collect huge swaths of data from their websites.
But how do their systems engineers manage all that information?
Enter Observe Inc. The San Mateo startup's cloud-based software is designed to help large companies sort and analyze the incoming and outgoing data from their websites. Its service provides clients with a visual dashboard designed to site reliability and other system engineers more easily identify and resolve technical issues. Observe collects more than 40 terabytes of data from its users each day, according to a news release.
Investors have been impressed with the company. Observe recently raised $70 million in a Series A-2 round.
Here's more on its deal and other Series A funding news from this past week:
Observe Inc., San Mateo, $70 million: Sutter Hill Ventures, Capital One Ventures and Madrona Venture Group led the Series A-2 round for this provider of IT system analysis software.
Ambient Photonics Inc., Mill Valley, $31 million: Amazon.com Inc. and Ecosystem Integrity Fund led the round for this developer of low-light solar cells designed for Internet of Things devices. Future Shape and I Squared Capital also invested.
Voxel Labs Inc., San Francisco, $15 million: Eclipse Ventures led the round for this developer of artificial intelligence-based computer vision software that can detect workplace hazards.
Concentric Software Inc. (dba Concentric), San Jose, $14.5 million: Ballistic Ventures led the round for this developer of natural language processing technology to detect and sort sensitive information stored by enterprises. Citi Ventures, Core Ventures Group, Engineering Capital and Clear Ventures also invested.
Genascence Corp., Palo Alto, $10.5 million: Pacira BioSciences led the round for this developer of genetic treatments for musculoskeletal diseases. Polymerase Capital, DeepWork Capital and the University of Florida Research Foundation also invested.
