[NEWS] Netdata, a monitoring startup with 50 year old founder, announces $17M Series A – Loganspace

[NEWS] Netdata, a monitoring startup with 50 year old founder, announces $17M Series A – Loganspace

Practically the whole lot aboutNetdata, makers of open offer monitoring instrument, defies customary fascinated about startups. Protect shut into consideration that the founder is a polished, experienced 50-year ragged government, who started his company numerous years previously when he turned pissed off by what he became as soon as seeing in the monitoring instruments house. Like all unbiased proper founder, he determined to invent his occupy, and this day the company introduced a $17 million Series A led by Bain Capital.

Marathon Ventures moreover participated in the round. The corporate got a $3.7 million seed round earlier this year, which became as soon as led by Marathon.

Costa Tsaousis, the company’s founder and CEO, became as soon as working as an government for a corporation in Greece in 2014 when he determined he had had enough of the monitoring instruments he became as soon as seeing. “At that time, I made up my mind to remain something about it myself — truly, I became as soon as pissed off by the alternate. So I started writing a instrument at evening and on weekends to simplify monitoring very much, and moreover provide lots more insights,” Tsaousis knowledgeable TechCrunch.

Mind you, he became as soon as a forty five year ragged government, who hadn’t accomplished grand coding in years, but he became as soon as agency as any startup founder tends to be, and he took two years to invent his monitoring instrument As he tells it, he released it to open offer in 2016 and it unbiased proper took off. “In 2016, I released this mission to the general public, and it went viral, I wrote a single Reddit post, and straight away started constructing an huge neighborhood. It grew up about 10,000 GitHub stars in a matter of a week,” he said. Even this day, he says that it will get a half million downloads each day, and lots of parents are contributing to the open offer model of the product, relieving him of the burden of supporting the product himself.

Panos Papadopoulos, who led the investment at Marathon, says Tsaousis is now not any longer your conventional early stage startup founder. “He is now not any longer truly following many norms. He is 50 years ragged, and he became as soon as a C level government. His presentation and the depth of his thinking, and even his core provides will now not be like anything appreciate considered in an early stage startup,” he said.

What he created became as soon as an open offer monitoring instrument, one which he says simplifies monitoring very much, and moreover provide lots more insights, offering lots of metrics as quickly as you set up it. He says it’s moreover grand faster, providing those insights every 2d, and it’s dispensed, meaningNetdatadoesn’t truly gain the records, unbiased proper offers insights on it wherever it lives.

Screenshot 2019 09 25 09.58.36

Live dashboard on the Netdata website.

This day, the company has 24 staff and Tsaousis has situation up store in San Francisco. To boot, to the open offer model of the product, there is a SaaS model, which moreover has what he calls a “hugely free realizing.” He says the open offer monitoring agent is “a present to the sphere.” The SaaS instrument is about democratizing monitoring, and in the terminate, the pay model is even quite lots of from most monitoring instruments, charging by the seat as but any other of by the amount of infrastructure you may well well perchance presumably be monitoring.

Tsaousis wants on the least to lead the monitoring house finally, and believes that the free tiers will lead the style. “I appreciate Netdata can swap the style folks seek and realize monitoring, but in instruct to remain this, I appreciate that offering free services in a huge manner is extremely predominant, In another case, this may well well no longer work. So My arrangement is to lead monitoring. This may well well sound arrogant, and Netdata is now not any longer there but, but I appreciate it will perchance well perchance even be,” he said.