Honeycomb (software company)

Last updated

Hound Technology, Inc.
  • Honeycomb
  • honeycomb.io
Type Private
Industry Software development tooling
Founded2016;7 years ago (2016)
Founders
  • Christine Yen (CEO)
  • Charity Majors (CTO)
Headquarters
San Francisco, California
,
United States
ProductsHoneycomb
Services SaaS observability platform
Website www.honeycomb.io

Honeycomb (stylized as honeycomb.io) is an American software company known for its eponymous observability and application performance management (APM) platform and for its diversity, equity, and inclusion (DEI) practices. Industry analysts have recognized Honeycomb as a market leader in the observability space. [1] [2] [3] Honeycomb's venture capital investors to date include Headline, Scale Venture Partners, and Insight Partners. [4] [5] [6] [7]

Contents

Honeycomb's tooling enables software developers to debug live software applications, especially those using a microservice architecture. [8] [4] Honeycomb accepts telemetry from applications instrumented with the OpenTelemetry SDKs. [9] [10] Structured JSON data also can be accepted, as well as data from Honeycomb's custom integrations. [11] Honeycomb offers metrics and tracing visualizations as well as AI-assisted debugging capabilities. [12] [6] [13] [14] [15] The underlying software is a proprietary columnar database running on Amazon Web Services. Amazon has promoted the company as an early adopter of the Graviton family of ARM processors. [16] [17]

Honeycomb appeared on the Thoughtworks Radar in 2019 and 2020. [18] Analyst firm Gartner named Honeycomb as a leader in its 2022 and 2023 APM and observability Magic Quadrant reports. [2] [3]

Honeycomb's competitors include Datadog, Splunk, New Relic, and Dynatrace. [2] [3]

History

Charity Majors in 2019

Honeycomb was founded in 2016 in San Francisco [8] by Charity Majors and Christine Yen, both of whom were engineers at Parse (later acquired by Facebook). [4] [19] After the acquisition of Parse by Facebook, Yen proposed to Majors that they found a startup together. Majors wanted to build a tool that fixes problems with live applications running in the cloud, inspired by the Scuba in-memory analytics tool they had used at Facebook. [20]

Investors invested $4 million in seed money [19] , followed by $11M in Series A funding in 2019 [4] and $20M in Series B funding in 2020. [5] In 2021, Honeycomb announced a $50M Series C funding round. [6] [21] In 2023, Honeycomb announced that it had raised an additional $50 million in Series D funding, for a total of $150 million in funding to-date. [7] [22]

In December 2021, Honeycomb began an experiment in co-determination by appointing an employee representative to its board of directors, an uncommon governance practice for a United States company. [23] [24] As of 2023, the executive team, board, and employees of Honeycomb are each at least half women and non-binary, making the company unusually gender diverse for a technology startup. [22] [25]

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References

  1. ↑ Governor, James (5 February 2020). "Reframing and Retooling for Observability". James Governor's Monkchips. Redmonk. Retrieved 13 October 2023.
  2. 1 2 3 Byrne, Padraig; Siegfried, Gregg; Bangera, Mrudula (2022-06-07). Magic Quadrant for Application Performance Monitoring and Observability (Technical report). Gartner. Retrieved 2023-05-22.
  3. 1 2 3 Siegfried, Gregg; Bangera, Mrudula; Crossley, Matt; Byrne, Padraig (2023-07-05). Magic Quadrant for Application Performance Monitoring and Observability (Technical report). Gartner. Retrieved 2023-10-10.
  4. 1 2 3 4 Lunden, Ingrid (26 September 2019). "Honeycomb.io raises $11.4M to help developers observe and debug their apps". TechCrunch. Retrieved 11 October 2023.
  5. 1 2 Chan, Rosalie (2 February 2021). "Developer startup Honeycomb, founded by ex-Facebookers, raises $20 million as growth surges". Business Insider. Retrieved 10 October 2023.
  6. 1 2 3 Sawers, Paul (20 October 2021). "Software observability platform Honeycomb raises $50M". VentureBeat. Retrieved 10 October 2023.
  7. 1 2 Gillin, Paul (6 April 2023). "Observability platform Honeycomb pockets $50M in new funding". SiliconANGLE. Retrieved 10 October 2023.
  8. 1 2 Lohr, Steve; Griffith, Erin (2019-11-22). "With Big Tech in Their Path, Start-Ups Turn to Business Markets". The New York Times. ISSN   0362-4331 . Retrieved 2023-05-19.
  9. ↑ "OpenTelemetry becomes a CNCF incubating project". Cloud Native Computing Foundation. 26 August 2021. Retrieved 11 October 2023.
  10. ↑ Gain, B. Cameron (23 December 2022). "Observability in 2022: It Pays to Learn". The New Stack. Retrieved 10 October 2023.
  11. ↑ Krill, Paul (2016-11-03). "Ex-Facebook, Dropbox engineers offer debugging as a service". InfoWorld. Retrieved 2023-05-19.
  12. ↑ Pariseau, Beth (3 May 2023). "Observability maven 'cranky' about AIOps embraces GPT". TechTarget IT Operations. Retrieved 10 October 2023.
  13. ↑ Vizard, Mike (3 May 2023). "Honeycomb Taps ChatGPT to Simplify Observability". DevOps.com. Retrieved 11 October 2023.
  14. ↑ Jackson, Joab (18 May 2023). "With ChatGPT, Honeycomb Users Simply Say What They're Looking for". The New Stack. Retrieved 11 October 2023.
  15. ↑ Vizard, Michael (10 June 2021). "Honeycomb adds metrics to observability platform for service request tracking". VentureBeat. Retrieved 11 October 2023.
  16. ↑ Jackson, Joab (15 July 2022). "This Week in Programming: Honeycomb's ARM Advantage". The New Stack. Retrieved 11 October 2023.
  17. ↑ Tiernan, Ray (12 July 2022). "Amazon AWS announces Cloud WAN, 'one console to manage everything'". ZDNET. Retrieved 13 October 2023.
  18. ↑ Technology Radar - Honeycomb (Technical report). Thoughtworks. 1 October 2020. Retrieved 10 October 2023.
  19. 1 2 Bort, Julie. "How this startup CEO became a secret weapon for star Valley engineers". Business Insider. Retrieved 2023-05-19.
  20. ↑ Darrow, Barb (11 April 2017). "Startup Honeycomb Vows to Show How Software Runs After Release". Fortune. Retrieved 11 October 2023.
  21. ↑ Xing, Jessica (20 October 2021). "Investors didn't really 'get' this DevOps startup at first — now it raised a $50 million Series C. Read the pitch deck that made it click". Business Insider. Retrieved 10 October 2023.
  22. 1 2 Kamps, Haje Jan (20 April 2023). "Sample Series D pitch deck: Honeycomb's $50M deck". TechCrunch. Retrieved 11 October 2023.
  23. ↑ Kramer, Anna (16 December 2021). "Honeycomb puts engineer on board of directors". Protocol. Retrieved 22 May 2023.
  24. ↑ Bahat, Roy E.; Kochan, Thomas A.; Rubenstein, Liba Wenig (1 July 2023). "The Labor-Savvy Leader". Harvard Business Review. Retrieved 11 October 2023.
  25. ↑ Miller, Ron (6 April 2023). "Honeycomb scores $50M investment as observability platform thrives". TechCrunch. Retrieved 11 October 2023.
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