Tech Company Financing Transactions
SigScalr Funding Round
SigScalr, based in Nashua, raised $1.8 million from Scribble Ventures and WestWave Capital.
Transaction Overview
Company Name
Announced On
2/20/2024
Transaction Type
Venture Equity
Amount
$1,760,000
Round
Seed
Investors
Scribble Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to launch its open-source software (OSS) product SigLens, expand its go-to-market efforts, and recruit experts in the software and product development space.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Undisclosed
Nashua, NH Undisclosed
USA
Nashua, NH Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Our founder Kunal Nawale spent several years at Salesforce, leading their Observability architecture. At the time, Salesforce was spending a lot on observability, with the cost doubling every year. One of Kunal's tasks involved slashing this spending, and yet every available solution was a band-aid -- demanding reduced volume, reduced retention, shard clusters, de-duplicating and so on.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kunal Nawale
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
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