Chronosphere closes a $200 million round

Cloud-native monitoring platform Chronosphere joined an exclusive unicorn club by raising $200 million of Series C venture funding that values the company at over $1 billion. The latest round was led by General Atlantic with Addition, Greylock, Lux Capital and new backer Founders Fund also participating.

Founded just two years ago, Chronosphere has raised more than $255 million to date. The previous round closed only nine months ago when General Atlantic, Addition, Greylock and Lux Capital all backed the company’s Series B.