# Wavefront

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

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.wavefront.com
- Total disclosed funding: $65M
- Latest round: Series B (Oct 4, 2016)
- Investors on record: 4

## About

Wavefront Inc. specializes in observability solutions for multi-cloud environments, enhancing performance and reliability for cloud-native applications through unified visibility across metrics, logs, and traces.Wavefront Inc. was founded in 2013 and is headquartered in Palo Alto, US. The company focuses on providing observability solutions for modern applications. In April 2017, VMware agreed to acquire Wavefront, with financial terms undisclosed. The founder's history is not documented in the available information. Wavefront has successfully completed 5 deals, with the most recent being a Series B funding round amounting to USD 37.60 mn, led by Tenaya Capital, along with investors Sequoia Capital and Sutter Hill Ventures. The company has raised a total of USD 37.60 mn and holds a current valuation of USD 96.66 mn.Wavefront Inc. offers Tanzu Observability, a comprehensive observability solution focused on multi-cloud environments. The platform integrates metrics, logs, and traces to optimize the performance of cloud-native applications, such as those utilizing Kubernetes and microservices. With advanced AI-driven alerting capabilities, organizations can effectively manage their application performance. Tanzu Observability serves a diverse customer base across industries such as gaming and finance, including clients like Snowflake, Workday, and 8x8, primarily in North America, Europe, and Asia-Pacific.Tanzu Observability generates revenue from a subscription-based model, providing businesses with monitoring and observability solutions through annual or multi-year contracts. Clients select from various package offerings that include real-time alerting, full-stack visibility, and advanced analytics. This model supports scalability in service usage based on operational requirements and fosters ongoing partnerships that contribute to recurring revenue.In the coming years, Wavefront plans to leverage its acquisition by VMware to enhance its product offerings and expand its market reach. Specific new products and features are in development, although release dates have not been disclosed. The company aims to penetrate additional geographic markets, particularly targeting growth in Europe and Asia-Pacific by 2025. The recent funding from the Series B round will support these expansion initiatives and product development efforts.

## Funding rounds

- Series B, Oct 4, 2016, $38M — Hong Shan, Sutter Hill Ventures, Tenaya Capital
- Series A, Feb 16, 2016, $12M — Hong Shan, Sutter Hill Ventures, Webb Investment Network
- Series A, Jun 1, 2014, $14M — Hong Shan
- Seed, May 1, 2013, $2M — Sutter Hill Ventures

## Investors

- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Seed, Series A, Series B
- Hong Shan — Series A, Series B
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Series A
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series B