Monte Carlo Raises $135M in Series D
Monte Carlo has successfully raised $135M in a Series D at a $1.6B valuation led by Accel, ICONIQ Growth, Redpoint Ventures, GGV Capital.
Company Overview
Monte Carlo is a Data/Analytics company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2019 with 300+ employees.
Data observability platform
Fundraising Details
- Amount Raised: $135M
- Round Type: Series D
- Valuation: $1.6B
- Date: 2024-05-22
- Investors: Accel, ICONIQ Growth, Redpoint Ventures, GGV Capital
About Monte Carlo
Data observability platform The company is positioned in the Data/Analytics sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 548 Market Street, San Francisco, CA 94104
- Founded: 2019
- Team Size: 300+
- Industry: Data/Analytics
What This Means
This funding round demonstrates strong investor confidence in Monte Carlo's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Data/Analytics sector continues to attract significant investment as companies innovate to meet evolving market demands. Monte Carlo's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.6B valuation marks an important milestone for Monte Carlo, positioning the company among notable players in the Data/Analytics industry.
Looking Ahead
With this new capital, Monte Carlo is well-positioned to execute on its growth strategy and continue building innovative solutions in the Data/Analytics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-05-22. For more information about Monte Carlo, visit their headquarters at 548 Market Street, San Francisco, CA 94104.
