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Almost everything on Netdata, makers of open source control tools, challenges ideas about startups. Consider that the founder is a polite and experienced 50-year-old leader, who created his company many years ago when he was frustrated by what he saw in the space of the monitoring tools. . Like any good founder, he decided to build his own. Today, the company announced a $ 17 million A Series led by Bain Capital.
Marathon Ventures also participated in the round. The company received a seed lot of $ 3.7 million earlier this year, led by Marathon.
Costa Tsaousis, founder and CEO of the company, was working as a leader of a Greek company in 2014 when he decided he was tired of the monitoring tools he saw. "At that time, I decided to do something about it myself. In fact, the industry was annoying me. So I started writing a tool at night and on weekends to dramatically simplify monitoring and provide much more information, "Tsaousis told TechCrunch.
Mind you, he was a 45-year-old executive, who had not done a lot of coding for years, but he was determined like any start-up founder, and it took two years to create his follow-up tool . he opened the spring in 2016 and he has just taken off. "In 2016, I published this project to the public, which went viral, I wrote a single post on Reddit and I immediately started creating a huge community. About 10,000 GitHub stars have grown in the space of a week, "he said. Even today, he claims that 500 million downloads are made every day and that hundreds of people contribute to the open source version of the product, freeing him from the burden of supporting the product himself.
Panos Papadopoulos, who led the investment at Marathon, said Tsaousis was not your typical founder of startups. "He does not follow a lot of standards. He is 50 years old and he was a senior executive. His presentation and depth of thought, and even his basic materials, are unique, "he said.
What he has created is an open source control tool, which greatly simplifies control, while providing much information, offering hundreds of metrics as soon as it is installed. He also says that the process is also much faster because it provides this information every second and is distributed, which means Netdata. does not collect data, but provides information about them, wherever they are.
Live dashboard on the Netdata website.
Today, the company has 24 employees and Tsaousis is based in San Francisco. In addition to the open source version of the product, there is a SaaS version, which also includes what it calls a "totally free plan." He states that the open source surveillance agent is "a gift to the world". The SaaS tool It's about democratizing the monitoring and finally the paid version is even different from most monitoring tools: it is billed at the headquarters rather than the amount of infrastructure you are monitoring.
Tsaousis wants nothing less than directing the space of futures monitoring, and thinks that the free thirds will pave the way. "I think Netdata can change the way people perceive and understand surveillance, but to do that, I think that offering free services in massive ways is essential. Otherwise, it will not work. So, my goal is to direct surveillance. It may seem arrogant, and Netdata is not there yet, but I think it is possible, "he said.
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