Sonar Revenue, Valuation, Funding & Investors

Grafana Labs is a software company that develops the open-source Grafana visualization project and a commercial observability platform built around it. Its products include Grafana Cloud, Grafana Enterprise, and the Loki, Tempo, Mimir and Pyroscope open-source projects for logs, traces, metrics and profiling. The company was formed in 2014 by Raj Dutt, Anthony Woods and Torkel Odegaard and operates as a remote-first business. It grew through acquisitions including Kausal in 2018, k6 and Pace in 2021, Amixr in 2021, Pyroscope and Asserts in 2023 and Logline in 2026. The company reported annual recurring revenue above 400 million dollars and more than 7,000 customers in September 2025. Investors include Lightspeed Venture Partners, Lead Edge Capital, GIC, Sequoia Capital, Coatue, CapitalG and J.P. Morgan.

Elastic is a software company that specializes in AI-search, observability, and security deployments. Its search division offers both traditional keyword search and vector search methods to enable more context-aware querying. The software has open-source origins but generates revenue through valuable add-ons, including simplified data orchestration and server scaling techniques.

Kaseya is an American IT management and security software company headquartered in Miami, Florida. Mark Sutherland and Paul Wong founded it in California in 2000. It sells software to managed service providers (MSPs) and internal IT departments, led by Kaseya VSA for remote monitoring and management, IT Glue for IT documentation, and backup and disaster-recovery products. Revenue comes mainly from recurring subscriptions, and the company reported more than $1.5 billion of annual recurring revenue by 2025. Kaseya grew through acquisitions, including IT Glue, Unitrends and RapidFire Tools in 2018 and Datto for $6.2 billion in 2022. Insight Partners holds the majority of the equity, with TPG, Temasek and Sixth Street as further investors. In July 2021 the REvil ransomware group exploited Kaseya VSA, reaching about 60 direct customers and up to 1,500 downstream organisations; the company had roughly 36,000 customers at the time. Kaseya employed about 5,000 people in January 2026, and Rania Succar became chief executive in June 2025 after Fred Voccola stepped down.

PagerDuty Inc is a digital operations management platform that manages urgent and mission-critical work for a modern, digital business. Its PagerDuty Operations Cloud combines artificial intelligence (AI) operations (AIOps), automation, customer service operations, and incident management with a generative AI assistant to create a flexible, resilient, and scalable platform to protect revenue and improve customer experience, improve operational efficiency, and mitigate the risk of operational failures. The company generates revenue predominantly from cloud-hosted software subscription fees and term-license software subscription fees. Geographically, the firm derives a majority of its revenue from the United States and the rest from International markets.

Tricentis is an Innsbruck-headquartered leader in continuous testing software with its Tosca platform accelerating automation for DevOps pipelines in enterprise applications. The company maintains offices in the United States, United Kingdom, Australia, Germany, Austria, India, Netherlands, Poland, and Switzerland, serving Fortune 500 clients in banking, insurance, and retail with AI-powered test management.

Harness is a San Francisco software company that sells an AI-assisted software delivery platform covering continuous integration, continuous delivery, feature flags, security testing, cloud cost management and reliability testing. It was founded in 2017 by Jyoti Bansal, who previously created AppDynamics, and launched with backing from his startup studio BIG Labs and Menlo Ventures. The platform is used by engineering teams at large enterprises to build, test, deploy and verify applications. Harness raised a 60 million dollar Series B in 2019, a 115 million dollar financing in January 2021 at a 1.7 billion dollar valuation, a 230 million dollar Series D in April 2022 at 3.7 billion dollars, and a 240 million dollar Series E in December 2025 led by Goldman Sachs Alternatives at 5.5 billion dollars. It has grown through acquisitions including Drone.io, Split Software, Traceable, Qwiet, Codecov and DeepSource.

Freshworks Inc provides software as a service platform that enables small and medium-sized businesses to support customers through e-mail, phone, website, and social networks. It offers solutions that serve the needs of users in the CS and ITSM categories and has also expanded its offering with Sales and Marketing automation products. These product offerings enable organizations to acquire, engage, and serve their customers and employees. The group derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and Other regions. It derives maximum revenue from North America.

Open Text Corp is engaged in the design, development, marketing, and sale of Information Management software and solutions. Its software allows clients to archive, aggregate, retrieve, and search unstructured information (such as documents, e-mail, and presentations). Its platform and services provide secure and scalable solutions for enterprises, SMBs, governments, and consumers around the world. The company's solutions are marketed and delivered on the OpenText Cloud Platform, which is a comprehensive Information Management platform consisting of six business clouds; Content Cloud, Cybersecurity Cloud, Application Automation Cloud, Business Network Cloud, IT Operations Management Cloud, and Analytics Cloud. Geographically, it derives maximum revenue from the United States.

CommVault Systems Inc provides cyber resiliency solutions designed to help the enterprise protect, secure, and recover its data, applications, and identity systems in a world of increasing cyber threats and attacks. Its offerings provide cyber resilience, including data protection, cyber recovery, data security, and governance, aiming to enable customers to continue business. The company delivers its solutions through Commvault Cloud, a cloud native platform that unifies data security, cyber recovery and identity resilience across on-premises, hybrid, multi-cloud, and software-as-a-service environments. It sells its offerings through subscription-based arrangements, including SaaS and term-based subscriptions, and also offers perpetual licenses, customer support, and professional services.

Sunnyvale-based LaunchDarkly is a feature management platform using progressive delivery and feature flags. It enables teams to target releases to user segments across web, mobile, and server-side applications, supporting integrations with Kubernetes, AWS, and Azure for cloud migrations and A/B testing at enterprise scale.

Sentry is a San Francisco-headquartered open-source platform for error monitoring and performance tracking in software development. Launched in 2012, it captures crashes, exceptions, and latency issues across frontend, backend, and mobile stacks for languages like JavaScript, Python, and Java. Developers at Airbnb, Dropbox, and Spotify use it to triage alerts via source maps and session replays. Sentry processes trillions of events yearly, offering release health insights tied to deployments.

Serval is a San Francisco-headquartered AI-native IT service management platform automating incident resolution and workflows for DevOps teams. The platform integrates with tools like Jira, Slack, and ServiceNow, using natural language processing to triage alerts and predict outages. Serval handles over 1 million incidents monthly for clients in tech and finance, reducing resolution times by automating 70 percent of routine tasks. It features conversational AI agents for self-service and analytics dashboards for IT metrics. Founded in 2022, Serval raised Series A funding to expand enterprise integrations.

Wuhan Dameng Database Co Ltd is engaged in providing a series of database products and related technical services such as various database software and cluster software, cloud computing and big data products, and database all-in-one machines. Its products include DM8 & Cluster Software, DMRWC, DMDataWatch etc. Its products are used in industries including finance, energy, aviation and communications.

JumpCloud is a cloud directory platform enabling zero-trust access to resources from any device. Louisville, Colorado-headquartered and founded in 2012, it manages identities and devices for 180,000 organizations worldwide, including Cars.com and Foursquare. Backed by investors like General Atlantic, the service integrates with Microsoft Entra ID and supports RADIUS authentication.

Tanium is a Kirkland-headquartered platform for real-time endpoint security and management across millions of devices. It enables IT teams in enterprises and governments to query operating systems, applications, and hardware states instantly. Founded in 2007, Tanium serves clients like the US Department of Defense, JPMorgan Chase, and Walmart from data centers in the US and Europe.

GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab’s offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world.

Beijing Ultrapower Software Co Ltd is an IT operations and maintenance service provider in China. It offers enterprise-oriented IT consulting, solutions, software products, and project implementing and operation services. The company focuses on the use of information technology to promote industrial development and social progress and improve people's work and life quality.

CIQ is an Austin-based provider of enterprise support for open-source infrastructure software including Rocky Linux, Kata Containers, and OpenShift. Founded by former CentOS leaders in 2021, it delivers 24/7 SLAs to Fortune 500 clients like financial institutions and cloud providers worldwide.