SigNoz pioneers open source observability with $6.5M led by SignalFire

If you're flying an airplane, the instrument panel is probably the most important component after the engine and wings. Software development is similar—next to your actual code, one of the most important things to software engineers and site reliability engineers is the ability to monitor the performance and correctness of their live code.

Over the decades, many products have tried to address this pain point, but recent technological developments have created radical shifts in the multibillion-dollar monitoring and observability market.

The first is the recognition that having all monitoring data in one place is fundamental to the usefulness of these systems. Silos for your logging data, metrics, or tracing data limits the capability of monitoring systems to effectively guide software troubleshooting.

The second big shift is the advent of OpenTelemetry: an open source standard for collecting, monitoring, and observability data that eliminates vendor lock-in and which has become one of the most active open source projects hosted by the Cloud Native Computing Foundation, second only to Kubernetes.

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These shifts are what led us to partner with SigNoz, an OpenTelemetry-native monitoring solution that brings logs, metrics, and traces into a single dashboard. It helps teams quickly diagnose and fix problems with their apps or infrastructure. That’s why we’re excited to announce we’ve led a $6.5M seed round for SigNoz, which is also backed by founders of GitHub, PlanetScale, and Supabase.

SigNoz offers affordable, transparent pricing, so customers never get an unpredictable bill—for instance, the $65 million bill that Datadog issued to Coinbase in 2022. It’s a vast improvement over the slow data ingestion and missing functionality of older application performance monitoring solutions. And because it's open source, companies can self-host SigNoz without data leaving their environment—and if they prefer having a fully managed service, SigNoz Cloud is now available.

SigNoz is founded by two excellent technologists, Pranay Prateek from Microsoft and serial founder Ankit Nayan. In just a couple of short years, they’ve been able to build SigNoz into an open source project that developers love. It’s enjoyed great popularity on Github with over 14 thousand GitHub stars, and has been downloaded more than 4 million times on Docker Hub.

Today, as budgets tighten, engineering teams are trying to get more done with less. Using SigNoz to take the hassle out of observability lets them focus on everything else. We are tremendously excited to watch its community continue to grow!