# Observe funding: rounds and investors

> Observe has raised $156M across 1 round since 2025. Investors include Sutter Hill Ventures, Alumni Ventures and Madrona Venture Group.

Source: https://millionrounds.com/company/observe (Millionrounds; every figure on the page links to its filing or article)

United States · [Series C startup](https://millionrounds.com/companies)

# Who invested in *Observe*

One round we have observed, with the 7 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI DevOps Software

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Funding summary Updated 5 Nov 2026

**$156M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series C, $156M Jul 2025
- **Led by:** Sutter Hill Ventures
- **Investors:** 7 (1 led)

See who backed them

## The rounds

- **Jul 2025** Series C **$156M** [Sutter Hill Ventures](https://millionrounds.com/fund/sutter-hill-ventures) Lead [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Madrona Venture Group](https://millionrounds.com/fund/madrona) [Human Capital](https://millionrounds.com/fund/human-capital-2) [Evolution Equity Partners](https://millionrounds.com/fund/evolution-equity-partners) [Capital One](https://millionrounds.com/fund/capital-one) [Snowflake Ventures](https://millionrounds.com/fund/snowflake-startup-challenge) Reported by TechStartups SEC filing: $125M sold, first sale May 2025

## Funding filed with regulators

Observe filed 2 raises, $270M in all. Filings say how much was sold and to how many investors; they never name the investors.

- May 2025 **$125M** 52 investors of $191M offered SEC Form D
- Feb 2024 **$145M** 57 investors of $152M offered SEC Form D

## Everyone who backed them

[Sutter Hill Ventures](https://millionrounds.com/fund/sutter-hill-ventures) VC firm **1** round, led 1

[Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round

[Madrona Venture Group](https://millionrounds.com/fund/madrona) VC firm **1** round

[Human Capital](https://millionrounds.com/fund/human-capital-2) Growth equity **1** round

[Evolution Equity Partners](https://millionrounds.com/fund/evolution-equity-partners) VC firm **1** round

[Capital One](https://millionrounds.com/fund/capital-one) VC firm **1** round

[Snowflake Ventures](https://millionrounds.com/fund/snowflake-startup-challenge) Corporate VC **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=observe).

## Also claim to have backed them

These 2 firms list Observe as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Human Capital](https://millionrounds.com/fund/human-capital) VC firm Per its own site

[Artisanal Ventures](https://millionrounds.com/fund/artisanal-ventures) VC firm Per its own site

## Quick answers about Observe

### Who invested in Observe?

Observe's investors include Sutter Hill Ventures, Alumni Ventures, Madrona Venture Group, Human Capital and Evolution Equity Partners, and 2 more on record. Sutter Hill Ventures led its latest round.

### How much has Observe raised?

Observe has raised $156M across 1 round since 2025.

### When did Observe last raise?

Observe's most recent round was a Series C of $156M in Jul 2025, led by Sutter Hill Ventures.

### What was Observe's biggest round?

Its most recent round, $156M in Jul 2025, is also its largest on record.

### Who backed Observe first?

Observe's first round on record, in Jul 2025, was backed by Sutter Hill Ventures, Alumni Ventures and Madrona Venture Group and 4 others.

### What stage is Observe at?

Observe's latest named round is a Series C, in Jul 2025.

### Where is Observe based?

Observe is based in the United States.

### Who led Observe's rounds?

Sutter Hill Ventures led the Series C in 2025.

## Companies like Observe

In the same sector, and raised in the last eighteen months.

[**Journify** $12M · Nov 2026](https://millionrounds.com/company/journify)[**Nooks** $543M · Nov 2026](https://millionrounds.com/company/nooks)[**Laza Medical** $160M · Nov 2026](https://millionrounds.com/company/laza-medical)[**e2e** $8.0M · Nov 2026](https://millionrounds.com/company/e2e)[**Guava** $13M · Nov 2026](https://millionrounds.com/company/guava)[**Applied Compute** $580M · Nov 2026](https://millionrounds.com/company/applied-compute)

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