# Functional Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/functional-software

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.sentry.io
- Total disclosed funding: $217M
- Latest round: Series E (May 4, 2022)
- Investors on record: 4

## About

Functional Software, Inc. is a US-based technology company that specializes in application performance monitoring and error tracking solutions, empowering developers to efficiently identify and resolve software application issues.Founded in 2011 and headquartered in San Francisco, US, Functional Software, Inc. provides solutions for application performance monitoring. The company has undergone pivots to expand its focus on developer-centric tools. Founders Chris Jennings and David Cramer, alongside CEO David Cramer, have steered the company through significant funding rounds, including a recent Series E round that raised USD 90.00 mn on May 4, 2022, bringing the total amount raised to USD 90.00 mn and the current company valuation to USD 2799.31 mn.Sentry offers a comprehensive suite of application performance monitoring and error tracking solutions designed to help developers identify and resolve issues in software applications efficiently. Their core product enables developers to gain insights into application behavior by providing detailed context about errors, including the environment, device, operating system, and the specific code commit that introduced the issue. Sentry's platform supports various use cases, such as monitoring the performance of mobile apps, web applications, and games, allowing teams to triage issues based on customer impact and user experience. The company serves over 100,000 growing teams, including developers from various industries, and supports technologies across multiple geographical markets, including North America, Europe, and Asia-Pacific.Sentry's revenue model is predominantly based on subscription services, allowing clients to access their application monitoring tools via different pricing plans tailored to various business needs. Clients, primarily comprising development teams and tech companies, engage with Sentry on a subscription basis, which typically involves monthly fees for access to the platform's features. The pricing structure includes options for error monitoring, session replay, and tracing, each designed to cater to specific client requirements and scale as businesses grow. Sentry’s flagship services, such as error monitoring and performance tracking, are integral to their offering, helping clients maintain application health and user satisfaction without compromising development velocity.In May 2022, Functional Software, Inc. raised USD 90 mn in Series E funding co-led by returning investors Accel and Bond, with participation from New Enterprise Associates and new investor K5 Global. The funds will be utilized to accelerate long-term growth through product development and global expansion, particularly targeting the European market.

## Funding rounds

- Series E, May 4, 2022, $90M — Accel, New Enterprise Associates, Bond, K5 Global
- Series D, Feb 18, 2021, $60M — Accel, New Enterprise Associates, Bond
- Series C, Sep 24, 2019, $40M — Accel, New Enterprise Associates
- Series B, Aug 28, 2017, $17M — Accel, New Enterprise Associates
- Series A, Apr 29, 2016, $9M — Accel, New Enterprise Associates
- Seed, Jun 25, 2015, $1.5M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A, Series B, Series C, Series D, Series E
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C, Series D, Series E
- Bond (https://capitalatlas.ai/funds/bond) — Series D, Series E
- K5 Global (https://capitalatlas.ai/funds/k5-global) — Series E