Data observability startup Observe secures $70M

Software apps are increasingly cloud-based, distributed, and updated at a breakneck pace. They’re growing more complex, in other words, which is becoming a major challenge for dev teams. A survey from Enterprise Strategy Group commissioned by Yotascale — which isn’t an impartial vendor, granted (if there is such a thing) — found that 84% of companies in 2022 considered tracking cloud cost allocation alone to be burdensome and time-consuming. Sixty-one percent admitted they lacked “sufficient visibility” into which teams own which cloud resources.
If you ask

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