Chronosphere, a startup that offers a cloud native observability platform, has recently announced its acquisition of Calyptia. Although not a widely recognized name, Calyptia was founded by the creators of the Fluent Ecosystem, home to popular open-source observability projects like Fluentd and Fluent Bit. These two projects have been recognized by the Cloud Native Computing Foundation and are among their set of graduated projects.
Similar to other startups, Calyptia focused on transforming these projects into paid SaaS products. In 2022, the team secured a $5 million seed round led by Sierra Ventures and Carbide Ventures. Although the acquisition price has not been disclosed, there have been many similar acquisitions in recent months as well-funded end-to-end platforms like Chronosphere acquire point solutions like Calyptia. This is in response to enterprises, who now desire to streamline their expenses. In fact, just last week, Chronosphere received a $5 million strategic investment from CrowdStrike at a valuation of $1.6 billion, bringing the company’s total funding to almost $350 million.
“With observability data growing by orders of magnitude, companies are ill-equipped to manage the costs and scale of this deluge, forcing their teams to make trade-offs. Teams are especially challenged to handle log data which is prohibitively expensive to move and store,” said Martin Mao, CEO and co-founder of Chronosphere. “With the addition of Calyptia’s leading observability pipeline solution, we’re taking an important step to ensure that developers have the ultimate control over all their observability data from end to end—including log files to control cost and improve developer productivity.”
With the addition of Calyptia, Chronosphere promises its users an observability pipeline system that will allow them to collect, transform, and route their metric, log, and trace data. This means that users will now have the ability to route data from Chronosphere’s recently announced log storage and visualization solution (powered by Crowdstrike) to their preferred data backend.
Chronosphere has also confirmed that they will continue Calyptia’s involvement with the open-source Fluent Ecosystem.
“Calyptia joining the Chronosphere team is excellent news for everyone who is invested in the future of open source cloud native technology,” said Chris Aniszczyk, CTO of the Cloud Native Computing Foundation. “In today’s world, anyone that doesn’t adopt open source technology risks being left behind. I’m excited to see how the Fluentd and Fluent Bit projects will continue to grow and evolve as more end users embrace the capabilities of cloud native observability.”
