Sentry, a US-based software monitoring technology developer backed by enterprise communication platform Slack, has secured $60m in a series D round led by venture capital firm Accel.
VC firm New Enterprise Associates (NEA) and investment firm Bond filled out the round, which lifted the company’s overall funding to $127m and valued it at $1bn.
Founded in 2011, Sentry has developed tools to help app developers and businesses detect errors and improve the source code. Its technology caters to more than 30 programming languages including JavaScript, Node, Python and Ruby.
The cash will go toward improving the company’s application monitoring platform, boosting performance monitoring capacities across various products, enhancing its go-to-market strategy and increasing headcount in its San Francisco, Toronto and Vienna offices.
Slack had taken part in a $40m series C round for Sentry in September 2019 that was led by Accel and backed by NEA, the two having co-led the company’s $16.5m series B round the year before.
NEA had already led the company’s $9m series A round in 2016, investing alongside Accel. They had previously supplied it with an undisclosed amount of seed funding likely to have been $1.5m.
Sentry CEO Milin Desai said: “Developers face a challenge balancing speed and quality, especially as they deal with user interactions on multiple platforms – web, native desktop or mobile app. Sentry ensures they can resolve issues in minutes – so they can focus on innovation that moves their product forward.”
