Netdata, a monitoring startup with 50 year old founder, announces $17M Series A
Nearly everything about Netdata, makers of open source monitoring tool, defies standard thinking about startups. Consider that the founder is a polished, experienced 50-year old executive, who started his company several years ago when he became frustrated by what he was seeing in the monitoring tools space. Like any good founder, he decided to build his own, and today the company announced a $17 million Series A led by Bain Capital.
Marathon Ventures also participated in the round. The company received a $3.7 million seed round earlier this year, which was led by Marathon.
Costa Tsaousis, the company’s founder and CEO, was working as an executive for a company in Greece in 2014 when he decided he had had enough of the monitoring tools he was seeing. “At that time, I decided to do something about it myself — actually, I was pissed off by the industry. So I started writing a tool at night and on weekends to simplify monitoring significantly, and also provide a lot more insights,” Tsaousis told TechCrunch.
Mind you, he was a 45 year old executive, who hadn’t done much coding in years, but he was determined as any startup founder tends to be, and
This post was originally published on this site