Chronosphere Acquisition, Valuation, Funding & Investors
Chronosphere was acquired by Palo Alto Networks for $3.4B in November 2025, a 21.3x multiple on $160M of revenue.
Chronosphere revenue at acquisition
$160M
Last twelve months · Nov 2025
Chronosphere revenue multiple at acquisition
21.3x
EV/Revenue · Nov 2025
Cumulative funding Chronosphere raised
$343M
across 4 funding rounds
About Chronosphere
Chronosphere is an observability platform for cloud-native environments, enabling DevOps teams to monitor metrics, traces, and logs at petabyte scale. San Francisco-headquartered since 2020, it serves clients like DoorDash, Snap, and Zillow, reducing infrastructure costs by up to 50% through hosted Prometheus and custom querying. The platform processes trillions of data points daily across AWS, GCP, and Azure, supporting thousands of engineering teams globally.
Founded
2019
HQ
New York City, NYWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Usage-based, Subscription
Revenue
$160M (Nov 2025)
Valuation
$1.6B (Jan 2023)
Chronosphere Acquisition
Chronosphere was acquired by Palo Alto Networks for $3.4B on 19 November 2025.
The acquisition price implies a 21.3x revenue multiple on $160M of revenue.
Before the acquisition Chronosphere had raised $343M across 4 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 19 Nov 2025 | Strategic M&A | $3.4B | 21.3x |
Chronosphere Valuation
Chronosphere is currently valued at $1.6B, based on its Series C in January 2023.
The $115M round was led by General Atlantic and Lux Capital, with participation from GV, Addition, Geodesic Capital, Founders Fund, Greylock and 1 other investor.
Chronosphere's valuation has grown 1.6x from $1B at its Series C in October 2021 to $1.6B in January 2023, across 2 priced rounds.
Chronosphere valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2023 | Series C | $1.6B |
| Oct 2021 | Series C | $1B |
Chronosphere Funding History
Chronosphere has raised a total of $343M across 4 funding rounds.
Chronosphere's first fundraising round was a $11M Series A in November 2019. The most recent completed round was a $115M Series C in January 2023.
Chronosphere funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2023 | Series C | General Atlantic (lead); Lux Capital (lead); GV; Addition; Geodesic Capital; Founders Fund; Greylock; Glynn Capital Management | $115M | $1.6B | Chronosphere is a cloud-native observability platform that helps engineering organizations manage rampant data growth and complexity in cloud environments. The company provides forward-looking observability solutions designed to replace legacy tools that provide insufficient data visibility for excessive cost. In January 2023, Chronosphere completed an additional $115 million Series C extension round, bringing total funding to $343 million and increasing the company's valuation to $1.6 billion. New investors GV (formerly Google Ventures) and Geodesic Capital led the round, with existing investors Addition, Founders Fund, General Atlantic, Greylock, Glynn Capital, and Lux Capital also participating. The round came as the company demonstrated strong operational momentum, including tripling its annual recurring revenue in the prior quarter, achieving 145% net revenue retention, retaining 100% of its customer base, and nearly doubling headcount. The company's customer roster includes major technology and financial services companies such as Snap, Robinhood, Visa, and DoorDash. Chronosphere indicated it would deploy the funding toward expanded go-to-market efforts and continued product innovation to drive adoption of cloud-native observability solutions. |
| Oct 2021 | Series C | General Atlantic (lead); Spark Capital; Lux Capital; Addition; Founders Fund; Greylock; Glynn Capital Management | $173M | $1B | Chronosphere is a cloud-native observability platform designed to help engineering organizations manage rampant data growth and cloud-native complexity. The company provides infrastructure monitoring and distributed tracing capabilities for large modern enterprises, from startups to Fortune 500 companies. In October 2021, Chronosphere raised $200 million in Series C funding led by General Atlantic, with participation from Addition, Greylock, Lux Capital, and new investor Founders Fund. This brought total funding to $255 million. Sources confirm a valuation exceeding $1 billion at the time of the October 2021 round, making Chronosphere a unicorn in less than 2.5 years from founding in 2019. CEO Martin Mao stated that revenues had grown tenfold in the prior year and that the company maintained greater than 85% of its Series B funding undeployed, indicating the round was driven by market opportunity rather than capital need. The company was expanding headcount and planning to accelerate product development and global go-to-market efforts. A follow-on Series C extension of $115 million closed in January 2023 at an explicitly stated $1.6 billion valuation, with new investors GV (Google Ventures) and Geodesic Capital joining existing backers. |
| Jan 2021 | Series B | Greylock (lead); Lee Fixel (lead); Lux Capital (lead); General Atlantic | $43M | - | Chronosphere is a cloud-native observability platform helping organizations manage metrics, traces, and logs at scale, addressing cost and complexity in monitoring for cloud-native environments. The company was founded in 2019 and quickly gained traction with customers like DoorDash and Aurora Innovation through large 6- and 7-figure deals. In October 2021, Chronosphere announced a $200 million Series C round led by General Atlantic, with participation from Addition, Greylock, Lux Capital, and Founders Fund, bringing total funding to $255 million and achieving unicorn status in under 2.5 years. Around Q4 2021, Chronosphere reported record momentum with multi-million dollar ARR growing more than 9x year-to-date and positioning to reach $50 million ARR faster than peers like Datadog, CrowdStrike, and Confluent. By February 2022, ARR had seen 16x growth over the prior 12 months, with consecutive quarter-over-quarter records exceeding $1 billion in growth value, alongside customer expansions in fintech and tech sectors. In 2025, Palo Alto Networks agreed to acquire Chronosphere for $3.35 billion, expected to close in H2 FY2026, integrating it with their AgentiX AI platform to address AI-era observability needs. Chronosphere continued operating independently post-acquisition announcement, contributing significantly to Palo Alto's next-generation security ARR, which reached $6.33 billion in Q2 with 33% growth. |
| Nov 2019 | Series A | Greylock (lead); Cardinia Ventures; Lux Capital; Thursday Ventures; Lee Fixel | $11M | - | Chronosphere raised $11.1 million in its Series A round in November 2019, led by Greylock, to develop and launch its cloud-native observability platform. Other investors included Cardinia Ventures, Lee Fixel, Lux Capital, and Thursday Ventures. The company, founded in 2019 and headquartered in New York, provides a SaaS-based observability platform for metrics, helping engineering organizations manage data growth and cloud-native complexity. |
Who has invested in Chronosphere?
12 investors have backed Chronosphere across its funding rounds, including Lux Capital, Greylock, General Atlantic, Founders Fund, Addition and Glynn Capital Management.
Lead investors include General Atlantic, Lux Capital, Greylock and Lee Fixel.
Chronosphere Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 4 | Lead | Nov 2019 | |
| San Francisco, CA | 4 | Lead | Nov 2019 | |
| New York City, NY | 3 | Lead | Jan 2021 | |
| United States | 2 | Participant | Oct 2021 | |
| San Francisco, CA | 2 | Participant | Oct 2021 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Lee Fixel | New York City, NY | 2 | Lead | Nov 2019 |
| San Francisco, CA | 2 | Participant | Oct 2021 | |
| San Francisco, CA | 1 | Participant | Jan 2023 | |
| San Francisco, CA | 1 | Participant | Oct 2021 | |
 Sydney | 1 | Participant | Nov 2019 | |
This data is available for Pro users. Sign up to see all 12 Chronosphere investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Chronosphere
Chronosphere has acquired 1 company to date.
Last acquisition by Chronosphere was on January 22nd 2024. Chronosphere acquired Calyptia for undisclosed valuation.
Latest Acquisitions by Chronosphere
| Description | Calyptia is a platform for first-mile observability founded in 2020 by the creators of Fluentd and Fluent Bit. The company enables data pipeline insights for organizations worldwide via calyptia.com. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 22 Jan 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Chronosphere acquisitions and their M&A valuation multiples. Start Free Trial | |
Chronosphere Competitors
Chronosphere competitors include listed companies like CommVault Systems, Dynatrace, Datadog and Dameng Database, and private ones like Certus Core and Starburst.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Publicly listed | $1.2B | $84M | $6.2B | 5.0x | |
| United States | Publicly listed | $2B | $276M | $16B | 7.0x | |
| United States | Publicly listed | $3.4B | ($588K) | $85B | 19.4x | |
| Tampa, FL | Private | - | - | $3.4B | - | |
 China | Publicly listed | $195M | $84M | $3.4B | 12.5x | |
| Boston, MA | Private | $100M | - | $3.4B | - |
Chronosphere Public Comps
Chronosphere is no longer listed, but its public comps include Dameng Database, Freshworks, Teradata, Xunce Technology, Beijing Ultrapower, Business-intelligence, ESDS Software, Transwarp, TRS Information Technology and PagerDuty.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $195M | $84M | 15.3x | 12.5x | 35.5x | 27.6x | |||
| $839M | $41M | 3.2x | 2.9x | 65.7x | 11.3x | |||
| $1.7B | $285M | 1.4x | 1.5x | 8.4x | 5.3x | |||
| $192M | ($15M) | 21.3x | 13.4x | (264.0x) | 415.8x | |||
| $868M | $165M | 2.3x | 2.1x | 11.9x | 10.6x | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
| $49M | $25M | 38.3x | 13.8x | 76.7x | 56.6x | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
This data is available for Pro users. Sign up to see all Chronosphere competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Chronosphere
| When was Chronosphere founded? | Chronosphere was founded in 2019. |
| Where is Chronosphere headquartered? | Chronosphere is headquartered in New York City, NY, United States. |
| Is Chronosphere publicly listed? | No, Chronosphere was acquired by Palo Alto Networks in November 2025. |
| Who acquired Chronosphere? | Chronosphere was acquired by Palo Alto Networks in November 2025. |
| How much was Chronosphere acquired for? | Chronosphere was acquired for $3.4B in November 2025, a 21.3x revenue multiple. |
| What is Chronosphere's valuation? | Chronosphere was last valued at $1.6B in its Series C in January 2023. |
| How much funding has Chronosphere raised? | Chronosphere has raised $343M across 4 funding rounds. |
| What was Chronosphere's last funding round? | Chronosphere's last funding round was a $115M Series C in January 2023, led by General Atlantic and Lux Capital. |
| Who are Chronosphere's investors? | Chronosphere's investors include Lux Capital, Greylock, General Atlantic, Addition, Founders Fund, Lee Fixel, Glynn Capital Management, GV, Spark Capital, Cardinia Ventures and 2 others. |
| Which companies are comparable to Chronosphere? | Companies comparable to Chronosphere include CommVault Systems, Dynatrace, Datadog, Certus Core, Dameng Database and Starburst. |
| How many companies has Chronosphere acquired? | Chronosphere has acquired 1 company, including Calyptia. |
See companies similar to Chronosphere
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.