Why chronosphere Is Trending Today?

Chronosphere, a cloud-based observability platform, has raised $20 million in Series A funding. The round was led by Altimeter Capital and will be used to accelerate product development and expand the team. Chronosphere, founded by the creators of M3, aims to provide a scalable and cost-effective solution for monitoring and troubleshooting large-scale systems.

Palo Alto Networks, a leading cybersecurity company, has agreed to acquire Chronosphere, a cutting-edge observability platform, for $3.35 billion. This acquisition, following Palo Alto's recent $25 billion deal with CyberArk, further strengthens its artificial intelligence capabilities. The acquisition was announced alongside Palo Alto's earnings report, which showed higher-than-expected revenue.