Company:Honeycomb

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Short description: American software company
Hound Technology, Inc.
  • Honeycomb
  • honeycomb.io
TypePrivate
IndustrySoftware development tooling
Founded2016; 8 years ago (2016)
Founders
  • Christine Yen (CEO)
  • Charity Majors (CTO)
Headquarters
San Francisco, California
,
United States
ProductsHoneycomb
ServicesSaaS observability platform
Websitewww.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. Honeycomb's venture capital investors to date include Headline, Scale Venture Partners, and Insight Partners.[1][2][3][4]

Honeycomb's tooling enables software developers to debug live software applications, especially those using a microservice architecture.[5][1] Honeycomb accepts telemetry from applications instrumented with the OpenTelemetry SDKs.[6][7] Structured JSON data also can be accepted, as well as data from Honeycomb's custom integrations.[8] Honeycomb offers metrics and tracing visualizations as well as AI-assisted debugging capabilities.[9][3][10][11][12] 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.[13][14]

Honeycomb appeared on the Thoughtworks Radar in 2019 and 2020.[15] Analyst firm Gartner named Honeycomb as a leader in its 2022 and 2023 APM and observability Magic Quadrant reports.[16][17]

Honeycomb's competitors include Datadog, Splunk, New Relic, and Dynatrace.[16][17]

History

File:Observability for emerging infra- Charity Majors.webm Honeycomb was founded in 2016 in San Francisco [5] by Charity Majors and Christine Yen, both of whom were engineers at Parse (later acquired by Facebook).[1][18] 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.[19]

Investors invested $4 million in seed money,[18] followed by $11M in Series A funding in 2019[1] and $20M in Series B funding in 2020.[2] In 2021, Honeycomb announced a $50M Series C funding round.[3][20] 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.[4][21]

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.[22][23] 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.[21][24]

References

  1. ↑ 1.0 1.1 1.2 1.3 Lunden, Ingrid (26 September 2019). "Honeycomb.io raises $11.4M to help developers observe and debug their apps". TechCrunch. https://techcrunch.com/2019/09/26/honeycomb-io-raises-11-4m-to-help-developers-observe-and-debug-their-apps/. 
  2. ↑ 2.0 2.1 Chan, Rosalie (2 February 2021). "Developer startup Honeycomb, founded by ex-Facebookers, raises $20 million as growth surges". Business Insider. https://www.businessinsider.com/honeycomb-ex-facebookers-raised-20-million-in-funding-2020-9. 
  3. ↑ 3.0 3.1 3.2 Sawers, Paul (20 October 2021). "Software observability platform Honeycomb raises $50M". VentureBeat. https://venturebeat.com/business/software-observability-platform-honeycomb-raises-50m/. 
  4. ↑ 4.0 4.1 Gillin, Paul (6 April 2023). "Observability platform Honeycomb pockets $50M in new funding". SiliconANGLE. https://siliconangle.com/2023/04/06/observability-platform-honeycomb-pockets-50m-new-funding/. 
  5. ↑ 5.0 5.1 Lohr, Steve; Griffith, Erin (2019-11-22). "With Big Tech in Their Path, Start-Ups Turn to Business Markets" (in en-US). The New York Times. ISSN 0362-4331. https://www.nytimes.com/2019/11/22/business/startups-enterprise-big-tech.html. 
  6. ↑ "OpenTelemetry becomes a CNCF incubating project". 26 August 2021. https://www.cncf.io/blog/2021/08/26/opentelemetry-becomes-a-cncf-incubating-project/. 
  7. ↑ Gain, B. Cameron (23 December 2022). "Observability in 2022: It Pays to Learn". The New Stack. https://thenewstack.io/observability-in-2022-it-pays-to-learn/. 
  8. ↑ Krill, Paul (2016-11-03). "Ex-Facebook, Dropbox engineers offer debugging as a service" (in en). https://www.infoworld.com/article/3137501/ex-facebook-dropbox-engineers-offer-debugging-as-a-service.html. 
  9. ↑ Pariseau, Beth (3 May 2023). "Observability maven 'cranky' about AIOps embraces GPT" (in en). TechTarget IT Operations. https://www.techtarget.com/searchitoperations/news/366536578/Observability-maven-cranky-about-AIOps-embraces-GPT. 
  10. ↑ Vizard, Mike (3 May 2023). "Honeycomb Taps ChatGPT to Simplify Observability". DevOps.com. https://devops.com/honeycomb-taps-chatgpt-to-simplify-observability/. 
  11. ↑ Jackson, Joab (18 May 2023). "With ChatGPT, Honeycomb Users Simply Say What They're Looking for". The New Stack. https://thenewstack.io/with-chatgpt-honeycomb-users-simply-say-what-theyre-looking-for/. 
  12. ↑ Vizard, Michael (10 June 2021). "Honeycomb adds metrics to observability platform for service request tracking". VentureBeat. https://venturebeat.com/business/honeycomb-adds-metrics-to-observability-platform-for-service-request-tracking/. 
  13. ↑ Jackson, Joab (15 July 2022). "This Week in Programming: Honeycomb's ARM Advantage". The New Stack. https://thenewstack.io/this-week-in-programming-honeycombs-arm-advantage/. 
  14. ↑ Tiernan, Ray (12 July 2022). "Amazon AWS announces Cloud WAN, 'one console to manage everything'" (in en). ZDNET. https://www.zdnet.com/article/amazon-aws-announces-cloud-wan-one-console-to-manage-everything/. 
  15. ↑ Template:Cite tech report
  16. ↑ 16.0 16.1 Template:Cite tech report
  17. ↑ 17.0 17.1 Template:Cite tech report
  18. ↑ 18.0 18.1 Bort, Julie. "How this startup CEO became a secret weapon for star Valley engineers" (in en-US). https://www.businessinsider.com/honeycomb-ceo-charity-majors-is-a-force-of-nature-for-valley-engineers-2017-5. 
  19. ↑ Darrow, Barb (11 April 2017). "Startup Honeycomb Vows to Show How Software Runs After Release" (in en). Fortune. https://fortune.com/2017/04/11/honeycomb-application-debugging/. 
  20. ↑ 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. https://www.businessinsider.com/pitch-deck-honeycomb-data-startup-funding-series-c-insight-partners-2021-10. 
  21. ↑ 21.0 21.1 Kamps, Haje Jan (20 April 2023). "Sample Series D pitch deck: Honeycomb's $50M deck". TechCrunch. https://techcrunch.com/2023/04/20/sample-series-d-pitch-deck-honeycomb/. 
  22. ↑ Kramer, Anna (16 December 2021). "Honeycomb puts engineer on board of directors". Protocol. https://www.protocol.com/workplace/board-of-directors-honeycomb-engineer. 
  23. ↑ Bahat, Roy E.; Kochan, Thomas A.; Rubenstein, Liba Wenig (1 July 2023). "The Labor-Savvy Leader". Harvard Business Review. https://hbr.org/2023/07/the-labor-savvy-leader. 
  24. ↑ Miller, Ron (6 April 2023). "Honeycomb scores $50M investment as observability platform thrives". TechCrunch. https://techcrunch.com/2023/04/06/honeycomb-lands-50m-investment-to-expand-modern-observability-platform/. 

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