CtrlB raises $2.5 million in seed round from Chiratae Ventures

CtrlB, has secured $2.5 million in seed funding from Chiratae Ventures along with participation from other funds to make "large scale observability faster, simpler and dramatically more cost efficient," the company announced on Thursday, November 20.

The unified data platform plans on expanding its presence across India and the US, while building strong partnerships with cloud and DevOps ecosystems and scale its customer success functions for faster adoption.

Adarsh Srivastava, co-founder and CEO of CtrlB said, "This investment will allow us to strengthen our platform, deepen R&D, and serve enterprises that need high performance observability at scale."

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The funding will also help CtrlB to file patents for its core indexing and compression technology along with attaining enterprise certifications including SOC 2 and ISO 27001.

Other funds involved in the equity round were Equirus, InnovateX Fund, Campus Fund and Point One Capital, the CtrlB said in a statement.

Srivastava said, "Our customers want better speed, better economics and simpler operations. With this round, we are doubling down on improving our customer experience from onboarding to performance to reliability.”

CtrlB's platform provides tools for managing, monitoring, performing in-stream analysis and real-time debugging on data for immediate insights into an organisation's production environment and quick problem resolutions. It also aims to lower data storage costs and increase efficiency for handling large volumes of IT and security data.

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Sunder Nookala, Partner, Equirus InnovateX Fund (EIF) said, “With ever increasing data bloat due to MELTs, there is a gap for efficient ways of ingesting petabytes of data at low cost and fastest way of querying such ingested data. We are very excited to partner with CtrlB as it precisely solves for ingestion-storage-querying trinity through its proprietary probabilistic indexing and compression algorithm plus storagecompute as well as compute-compute decoupled design at scale.”

Expressing strong belief in the company’s architecture, Venkatesh Peddi, Managing Director at Chiratae Ventures said, “With storage and retrieval of telemetry data made 10x better, enterprises will now be able to create comprehensive visibility and increase speed at the same time."

CtrlB's plans to grow its team to 50-60 members across distributed systems, DevOps, solution architecture and US based sales.

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