Lowenstein represented Bigeye, the provider of the leading data observability platform, in its $45 million Series B funding raise to further its leadership in the emerging category. Bigeye has doubled usage each of the last four quarters and added to its existing roster of customers, like Instacart, with new customers, including Clubhouse, Recharge, and Udacity. Led by Coatue and with participation from existing investors Sequoia Capital and Costanoa Ventures, the latest round follows on a $17 million Series A from just six months earlier and brings total funding to $66 million.
With the funding, Bigeye will scale its team to address the rising demand for data observability, continue building on its product leadership, and help more data teams prevent customer-facing data outages, save expensive engineering hours, and build greater trust in the data.
Bigeye’s customer roster covers a growing range of industries, including food delivery, financial services, machine learning providers, ed tech, and more. Data teams use the platform to quantify and improve data quality and ensure reliable data pipelines for business-critical applications.
The Lowenstein deal team included Carl J. Hessler, Adam Dickson, and Samy A. Akli.
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Lowenstein Sandler is a national law firm with over 350 lawyers based in New York, New Jersey, Palo Alto, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
