Chronosphere: Enabling Engineers to Make Data-Driven Decisions
As technology continues to evolve, companies are increasingly looking for innovative ways to reduce their expenditures and improve their return on investment (ROI). One such company that is making waves in this space is Chronosphere. The startup aims to provide engineers with actionable insights derived from the company’s data, enabling them to make informed decisions and optimize their workflows.
The Challenge of Reducing Spend
In today’s market, companies are facing increased pressure to reduce their spend and improve their ROI. With capital becoming more expensive, businesses are looking for ways to cut costs without compromising on quality or innovation. Chronosphere is well-positioned to help customers achieve this balance by providing them with the insights they need to make data-driven decisions.
Chronosphere’s Journey
Founded in 2019 by Martin Mao, Chronosphere quickly gained traction and raised $370 million from investors, including Jerry Chen at Greylock. The company has since grown significantly, with a valuation of $1.6 billion at the time of its $115 million Series C fundraise in November 2022.
Partnership with Google Cloud
In April 2023, Chronosphere announced a partnership with Google Cloud to help customers address incidents while controlling costs. This partnership allows customers to bundle Chronosphere through the Google Cloud Marketplace, making it easier for them to integrate the platform into their existing workflows.
The Delicate Balance of Reducing Spend
While Chronosphere’s goal is to help customers reduce their spend, this requires a delicate balance. Companies need to be able to spend with Chronosphere in order to see the benefits, which can create a chicken-and-egg problem. However, with its partnership with Google Cloud and growing traction, Chronosphere is well-positioned to help companies navigate this challenge.
Join TechCrunch Live
If you’re interested in learning more about Chronosphere’s approach and how it can benefit your business, join us at the upcoming TechCrunch Live event on June 21 at 12 pm PDT. Martin Mao will be joined by Jerry Chen for a conversation that promises to provide actionable insights and advice.
About TechCrunch Live
TechCrunch Live is a weekly event series that brings together founders, investors, and industry experts to discuss the latest trends and innovations in the tech space. Each Wednesday at 12:00 p.m. PDT, we record a live session that covers topics ranging from AI and robotics to cybersecurity and more.
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Topics Covered in This Article:
- Chronosphere
- Greylock
- Startups
- TCL
- TechCrunch Live
About Matt Burns
Matt is a Managing Editor at TechCrunch, with a background in freelance writing and podcasting. He’s passionate about mobility startups and gadgets, and manages the editorial side of TechCrunch’s events.
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