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About
Observe

Observe IPO

$812.86MM
Series C-1 Valuation, May 2025
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Observe IPO date and status

2017
Founded
Dec 2025
MA Announced
Feb 2026
MA Closed

Company details

Observe, Inc. is a SaaS company that works to provide observability software, aimed at aiding engineering and DevOps teams in troubleshooting complex, distributed applications. The company seeks to integrate machine-generated data from applications with the goal of creating more manageable and human-understandable insights. Observe's platform is designed to offer a unified approach by consolidating various data types—logs, metrics, and traces—into a single observability tool that emphasizes usability and integration over traditional monitoring methods. Observe was founded by Jacob Leverich, Jon Watte, Jonathan Trevor, and Philipp Unterbrunner in 2017 and is headquartered in San Mateo, CA.
Subsector
Founded
2017
Headquarters
San Mateo, CA, United States
Founders
Jacob Leverich, Jonathan Trevor, Philipp Unterbrunner
Forge Price 1
Price not available
Market Activity 2
Limited
Last Matched Price
Post-Money Valuation 3
$812.86MM
Total Funding
$284.78MM
Last Funding Round
Series C-1

Learn more about Observe

To invest in Observe pre-IPO

Can you invest in Observe pre-IPO?

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Can you sell shares of Observe before it goes public?

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What is the pre-IPO value of my Observe shares?

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Is Observe a publicly traded company?

Observe became a public company following its M&A on 02/02/2026 and is now a publicly traded company.

To learn more about Observe potential IPO

Will Observe go IPO?

Observe became a public company following its M&A on 02/02/2026.

What is Observe’s IPO price?

The IPO price of Observe is not currently available.

When was Observe founded?

Observe was founded in 2017.

What is Observe funding to date?

Observe has raised $284.78MM to date.

Observe major investors

Capital One Ventures
Chestnut Street Ventures
Human Capital
Madrona Venture Group
Snowflake Ventures
Sutter Hill Ventures

Observe pre-IPO valuation and funding rounds

Funding history chart
Funding round and deals details
Funding Date Round Amount Raised Price per Share Post-Money Valuation 3 Key Investors
05/22/2025 Series C-1 $65.84MM $10.69 $812.86MM Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
6,158,087
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
05/22/2025 Series C-2 $58.94MM $9.09 $812.86MM Undisclosed Investors
Price per Share
$ xx.xx
Shares Outstanding
6,485,966
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
09/26/2024 Series B-1 $70MM $6.72 $444.28MM Evolution Equity Partners, Madrona Ventures
Price per Share
$ xx.xx
Shares Outstanding
10,415,316
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Evolution Equity Partners, Madrona Ventures
09/26/2024 Series B-2 $75MM $5.71 $444.28MM Evolution Equity Partners, Madrona Ventures
Price per Share
$ xx.xx
Shares Outstanding
13,128,431
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Evolution Equity Partners, Madrona Ventures
10/07/2020 Series A $15MM $1.58 $37.5MM Frank Slootman, Michael Dell, Scott Dietzen, Sutter Hill Ventures
Price per Share
$ xx.xx
Shares Outstanding
9,508,891
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Frank Slootman, Michael Dell, Scott Dietzen, Sutter Hill Ventures

Observe IPO news and media highlights

Observe Closes $156M in Series C Funding

Observe, a San Mateo, CA-based provider of an AI-powered observability company, raised $156M in Series C funding.

Striking gold in observability: Jeremy Burton on Observe Inc.’s success

Betting on a startup is always a risky venture, but with Observe Inc., an application observability platform, Jeremy Burton, the company’s chief executive officer, seems to have hit the jackpot. Observe is built on Snowflake Inc.’s data platform, allowing Observe to pool large amounts of data into a central data lake. This investment in a big data company has paid off, according to Burton.

Observe Named Inaugural Snowflake Observability Partner Award Winner

Observe, Inc., the SaaS observability company reinventing the way machine-generated data is stored, managed, and analyzed, announced at Snowflake Data Cloud Summit 2024, that it has been named the inaugural 2024 Data Cloud Product Observability Partner Award winner by Snowflake, the Data Cloud company.

Observe, the data observability platform, raises $115M with Snowflake investing

In a Series B funding round, Observe raised money primarily from Sutter Hill Ventures to improve data integration technology.
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Updated on: Mar 7, 2026

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