# Checkly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/checkly

- Industry: Software
- Headquarters: Boston, US
- Website: www.checklyhq.com
- Total disclosed funding: $32M
- Latest round: Series B (Jul 31, 2024)
- Investors on record: 4

## About

Checkly Inc. is a US-based developer of application reliability solutions, providing tools for proactive synthetic monitoring, API monitoring, and end-to-end testing to enhance application performance and reliability for engineering teams.Founded in 2018 in Boston, US, Checkly Inc. develops solutions for application reliability, specializing in automated monitoring and testing services. The company was co-founded by Hannes Lenke, Tim Nolet, and Timo Euteneuer, with Hannes Lenke currently serving as CEO. In its recent funding round on July 31, 2024, Checkly raised USD 20 mn in Series B funding, led by Balderton Capital, with participation from Accel and CRV, bringing the total amount raised to USD 20 mn and establishing a current valuation of USD 66.32 mn.Checkly specializes in application reliability solutions, primarily through its core product offerings that include proactive synthetic monitoring, API monitoring, and end-to-end testing powered by Playwright and OpenTelemetry. These services enable engineering teams to effectively monitor, test, and observe their applications and APIs in a unified workflow. By providing tools for automated checks, performance monitoring, and error detection, Checkly aims to resolve issues swiftly before they impact end users. Its client base includes developers, Site Reliability Engineers (SREs), and Quality Engineers, who leverage these solutions to enhance application performance and reliability across various sectors. Checkly's products are marketed globally, providing services to customers primarily in North America, Europe, and the Asia-Pacific region, ensuring broad accessibility to its offerings.Checkly operates on a subscription-based revenue model, with clients paying for access to its suite of monitoring and reliability tools. Transactions typically involve various pricing plans, allowing customers to select packages that best suit their needs based on the scale and complexity of their monitoring requirements. For example, businesses can subscribe to different tiers that offer varying levels of features, including the frequency of checks, the number of monitored applications, and access to analytics tools. Flagship products such as its API and browser monitoring services are integral to its revenue structure, catering primarily to B2B clients who utilize these services to ensure uptime and smooth operation of their applications. The firm’s seamless integration with CI/CD pipelines further extends its value proposition, reinforcing long-term partnerships with engineering teams and organizations.In July 2024, Checkly Inc. raised USD 20 mn in Series B funding, led by Balderton Capital with participation from Accel and CRV, to expand its market reach and enhance research and development efforts. The company is focused on developing new products aimed at improving application monitoring capabilities while also targeting expansion into new geographic regions to enhance its service delivery by the end of 2025.

## Funding rounds

- Series B, Jul 31, 2024, $20M — Accel, CRV, Balderton Capital
- Series A, Jun 30, 2021, $10M — Accel, CRV, Mango Capital
- Seed, Apr 28, 2020, $2.3M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A, Series B
- CRV (https://capitalatlas.ai/funds/crv) — Series A, Series B
- Mango Capital (https://capitalatlas.ai/funds/mango-capital) — Series A
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series B