Sentry hits $3bn valuation after $90m Series E

Sentry, a developer-first application monitoring solution, has scored $90m for its Series E round, which puts its valuation at $3bn.

BOND and Accel co-led the round, with participation also coming from New Enterprise Associates and K5 Global.

With the funds, the company plans to pursue its product development efforts, boost its hiring efforts and expand across Europe. To support this growth, it will open a new hub in Europe and accelerate the growth of its go-to-market teams.

The CyberTech company claims to be reshaping application performance monitoring by directly addressing the developer experience gap. Its services empower developers to fix problems in production code by using one tool to monitor for errors, performance and health across mobile, desktop and IoT.

Sentry has seen its annual recurring revenue increase by 130% year over year, it said. The company processes over 790 billion events each month, with mobile events increasing by more than 100% each year.

Sentry CEO Milin Desai said, “Our singular focus on developers, combined with the depth of our platform across 100+ languages, allows us to uniquely solve developer problems for every customer and software environment.

“Revenue has more than tripled in just over two years, and our team will continue to be laser-focused on providing engineering organizations with the ability to ship better code faster.”

With the close of the round, the company has raised a total of $217m in funding.

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