Chronosphere, a cloud-native observability startup, purchased Calyptia today. Calyptia was founded by the creators of the Fluent Ecosystem, which includes the popular open-source observability projects Fluentd and Fluent Bit, both of which are Cloud Native Computing Foundation graduate projects.
Like previous firms, Calyptia sought to commercialize these efforts as SaaS. Sierra Ventures and Carbide Ventures led a $5 million seed round in 2022. Chronosphere and Calyptia did not disclose the price of today’s acquisition, but we’ve seen many similar acquisitions in recent months where well-funded end-to-end platforms like Chronosphere acquire point solutions like Calyptia as enterprises consolidate their expenses. Chronosphere raised approximately $350 million, including a $5 million strategic investment from CrowdStrike at a $1.6 billion value last week.
Companies are unprepared to manage the costs and volume of this torrent of observability data, requiring their teams to make trade-offs. Log data, which is expensive to transmit and keep, is especially difficult for teams, said Chronosphere CEO and co-founder Martin Mao. We’re adding Calyptia’s premier observability pipeline technology to guarantee developers have full control over all their observability data, including log files, to manage costs and boost developer productivity.
Chronosphere claims Calyptia will give users an observability pipeline system to gather, convert, and route metrics, log, and trace data. This allows them to transport data from the company’s recently announced log storage and visualization service (powered by Crowdstrike) to their desired data backend.
Chronosphere also plans to keep Calyptia included in 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,” stated Cloud Native Computing Foundation CTO Chris Aniszczyk. “Today, anyone who doesn’t use open source risks falling behind. I’m curious to see how Fluentd and Fluent Bit will develop and evolve as more customers choose cloud native observability.”
