Observe

San Mateo, CA, United States Software / Cloud Infrastructure Acquired

Observe is an AI-powered observability platform that unifies logs, metrics, traces, and events in a single scalable data lake. Built on open standards (Apache Iceberg, OpenTelemetry), it helps enterprises detect anomalies, identify root causes, and resolve production issues at scale using agentic AI and context graph technology.

Acquired

Observe has been acquired

Acquired by Snowflake Jan 8, 2026 $1B

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2017

Employees

201–500

Total Funding

$451M

6 rounds

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

1 signal
M&A Recent purchase consideration ~$595.8M ($285.7M cash + $285.3M stock + $22.8M prior stake + $1.9M other, per Snowflake 10-Q) 2026-01-08

Signed definitive agreement for Snowflake to acquire Observe, an AI-powered observability platform.

Deal closed ~2026-02-02; Observe holders cashed out into Snowflake cash+stock, ending independent equity.

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $451M across 6 rounds

Last updated 09-06-2026

DateRoundAmount RaisedValuationLead Investors
Jul 30, 2025 Series C Press release $156M — Sutter Hill Ventures
Sep 26, 2024 Series B-2 / Extension Press release $145M — Evolution Equity Partners
Mar 27, 2024 Series B TechCrunch $115M — Sutter Hill Ventures

Leadership

  • Jeremy Burton

    CEO

    LinkedIn
  • Jacob Leverich

    Co-Founder, Chief Product Officer

  • Jonathan Trevor

    Co-Founder

  • Philipp Unterbrunner

    Founder, Chief Technology Officer

  • Rob Watson

    VP GTM

  • Eric Rehm

    Vice President Finance

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Datadog

    Monitoring service for IT, Dev and Ops teams with 47,431+ customers offering unified monitoring across apps, infrastructure and services

  • New Relic

    Cloud-based instrumentation platform serving 175,839+ organizations with comprehensive observability and free tier offering 100GB monthly data

  • Splunk

    Machine data platform for operational intelligence with strengths in log analytics and security use cases

  • Dynatrace

    Application monitoring and observability platform for cloud environments

  • LogicMonitor

    Cloud monitoring and observability platform for hybrid IT infrastructure

  • SigNoz

    Open-source observability platform alternative to commercial solutions

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