Funding · Enterprise Software & IT
CtrlB raises $2.5 million seed round led by Chiratae Ventures
By Startup Enthusiast ·
- Date
- Company
- CtrlB
- What it does
- Data observability platform for enterprises
- Kind
- Funding
- Amount
- $2.5Mn
- Stage
- seed
- Founded
- 2023
- Sector
- Enterprise Software & IT
What they do
CtrlB provides a data observability platform that monitors critical data silos and quality to prevent system downtime
What happened
The company secured $2.5 million in seed funding led by Chiratae Ventures with participation from several other investors
Why it matters
This follows a pivot from a failed debugging product to focus on data trust in logistics and fintech sectors
The details
- CtrlB has raised $2.5 million in a seed round led by Chiratae Ventures.
- Participating investors include Equirus, InnovateX Fund, Campus Fund, and Point One Capital.
- The company previously launched a live debugging platform but failed to monetize it effectively.
- CtrlB pivoted to a data observability platform focusing on monitoring data silos and quality.
- The new product uses proprietary indexing technology to pinpoint issues before they cause crashes.
- Adarsh Srivastava founded the company in 2023 after leaving his previous enterprise software role.
- Co-founder Mayank Singh Chauhan parted ways after the initial product monetization failure.
- Balasubramanian P joined as a cofounder during the pivot to data observability.
The bigger picture
- Poor data quality costs organizations an average of $12.9 million per year according to Gartner.
- The global data observability market is expected to cross $4 billion by 2030.
- CtrlB aims to onboard 15 companies across logistics, fintech, ecommerce, and SaaS sectors.
- The company targets a FY26 ARR of $100,000 despite being currently pre-revenue.
About the business
- CtrlB offers a Control Plane product that monitors critical data silos for quality and trust.
- The platform sends alerts to prevent downtime and crashes caused by bad data.
- It uses proprietary indexing technology to identify issues faster than traditional methods.
- The solution is deployed on cloud storage infrastructure for enterprise clients.
- Pricing starts at $0.2 per GB for unlimited data ingestion.
- The company claims its pricing becomes cheaper than competitors as data load increases.
- Competitors include Zoho Site24x7 and SigNoz which offer different pricing models.
- CtrlB is acquiring SOC 2 and ISO 27001 certifications to ensure security standards.
- The startup is filing a patent for its proprietary indexing technology.
What happens next
- CtrlB plans to acquire SOC 2 and ISO 27001 certifications.
- The company intends to file a patent for its indexing technology.
- They aim to onboard 15 companies across multiple sectors in India and the US.
The deal
- Type
- Seed Round
Investors
- Chiratae Ventures (lead) — Venture capital firm leading the seed round.
- Equirus (participant) — Investment firm participating in the round.
- InnovateX Fund (participant) — Fund participating in the seed round.
- Campus Fund (participant) — Fund participating in the seed round.
- Point One Capital (participant) — Venture capital firm participating in the seed round.
Founders
- Adarsh Srivastava, Founder
- Mayank Singh Chauhan, Cofounder (Former)
- Balasubramanian P, Cofounder
About CtrlB
- Product
- Unified observability engine and diskless data lake architecture built on cloud object storage for logs, metrics, traces, and security events.
- Customers
- Enterprises and engineering teams managing high volumes of telemetry and observability data.
- How it makes money
- Software-as-a-service subscription based on telemetry data volume, ingestion, and retention.
- What sets it apart
- High-speed indexing and compression technology running on cloud object storage that significantly reduces telemetry storage and retrieval costs.
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