cloud monitoing

Metrist raises $5.5M for eBPF-based cloud monitoring

cloud monitoing, investment, monitoring, network observability, startup

Metrist, a startup with DevOps roots, raises $5.5M to help companies to deal with cloud services outages. Metrist was founded by two DevOps veterans, Jeff Martens and Ryan Duffield, whose past experience includes working for New Relic, PagerDuty and similar observability and monitoring companies.

Metrist Founders
Metrist Founders, Image Credit: Metrist

Metrist’s idea is not very original: negotiate outages that vendors’ SLAs do not cover. Surprisingly, there are not too many competitors in this area. Some competition for Metrist’s business comes from Parametric Insurance, which sells insurance policies that include cloud and CDN outages.

In contrast to selling insurance, Metrist is willing to play the role of the trusted arbiter in negotiating outage outcomes with vendors and the affected company.

One of the interesting parts of this story is that according to TechCrunch report Metrist team plans to run an eBPF agent to gather data services a customer runs. There are a few issues associated with this technical approach:

  1. Metrist is going to miss all container deployments, e.g. ECS at AWS or any K8s+dockers infrastructure. It is quite a big part of cloud infrastructure that Metrist won’t be able to observe with eBPF-based agents.
  2. On top of that, eBPF can not see into Serverless deployments, e.g. AWS Lambda-s. This further reduces the world of apps that Metrist can monitor.
  3. And there is a third factor that limits Metrist scale-up: most enterprises become very suspicious once they are asked to run yet another agent on their cloud VM or a barrel metal machine. While companies like PageDuty or New Relic have already overcome this psychological barrier by being on the market for long enough, it still could be a showstopper for a young startup that needs to prove itself to its customers.

Having said this, we wish the Metrist’s team all the success.

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Yet Another Investment in a Cloud Network Monitoring and Cyberdefense Startup

cloud monitoing, cybersecurity, investment, network observability, startup

SynSaber has recently announced a $13 million series A investment. SynSaber is an early-stage cybersecurity and network monitoring company that develops OT visibility and detection solutions for machine learning cloud monitoring and network observability. SynSaber develops vendor-agnostic software for critical cloud and edge infrastructure that allows sending OT data to empower SIEM, SOAR, or MSSP. Cloud edge assets are often targeted by cybercriminals and SynSaber provides a new line of defense and a solution for intelligent cloud monitoring on the edge.

The latest round brings total investment in the startup to $15.5 million. SynSaber is well positioned on the industrial asset and cloud edge and network monitoring market. The company expands its global footprint and gains market momentum.

SynSyber’s  H1-2022 report shows the efficiency of the startup’s solution, which uncovers that 13% of CVEs reported in 2022 have no patch or fix currently available from the vendor, while 34% of CVEs could only be patched after a firmware update. Furthermore, 23% of CVEs require local or physical access to the system. These numbers demonstrate the growing need for sophisticated fully automated machine learning cloud monitoring solutions for edge computing, hybrid and private clouds. Intelligent computing edge and cloud monitoring help timely detect infrastructure issues, including security flaws and misconfiguration issues, and fix them before they are exploited by cybercriminals.

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Cloud Monitoring Market Size Worth $8.13 Billion By 2030

cloud monitoing, network observability

Polaris Market Research has recently published a new massive study predicting the future growth of cloud monitoring market size. According to the research firm, the machine learning cloud monitoring and automated network observability solutions market will be worth $8.13 billion by 2030. The same firm estimated the cloud viewability and ML-based monitoring market size at $1.48 billion in 2021,  predicting the future growth of 22.5% CAGR.

Among prominent players in automated cloud monitoring, the report mentions Alibaba Group, Amazon, Google, IBM, Microsoft, Oracle, and some others. The study includes an overview of the cloud monitoring competitive landscape including company financials, revenue, potential, and product features. Polaris Research also discusses emerging technology trends in machine learning and artificial intelligence when deployed to cloud monitoring, opportunities, and gaps in the cloud observability and multi-cloud infrastructure visibility market.

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Cloud Monitoring Market Size Increased Twice

cloud monitoing

Market research company Orbis Research reports that the Cloud Monitoring market went from $485 million in 2015 to $820 million in 2020, increasing nearly twice in just 5 years. The study lists some of the cloud monitoring market leaders like CA Technologies, Solarwinds, Dynatrace and Idera, and also shows the effect of COVID-2019 on machine learning and automatic cloud infrastructure monitoring markets.

Other cloud monitoring market leaders include companies like Sevone, Cloudyn, Zenoss, Datadog, Kaseya, Logicmonitor, Opsview. Most of the vendors offer automated cloud monitoring solutions based on artificial intelligence and machine learning to provide visibility into complicated cloud infrastructures and deliver full platform observability for their cloud customers. The report researches important regions including North and South America, Europe, and Asia Pacific.

The report covers various industry segments involved in cloud computing: banking, financial services, and insurance companies; healthcare and life sciences; telecommunications; government and defense; manufacturing. For the global market, Orbis Research predicts further growth of machine learning cloud monitoring, predicting $1,980 million (nearly $2 billion!) global market size in 2025.

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Towards $3.9 Billion Cloud Monitoring Market

cloud monitoing

According to MarketsandMarkets report Cloud Monitoring and Cloud Performance market will grow from $1.5B in 2022 to $3.9B by 2027 at 17.6% CAGR. The marketing firm expects large enterprises to lead this market, driven by the further need for better cloud security and performance.

Cyber attacks on cloud infrastructure accounted 20% in 2020. Cloud Monitoring as a Service is gaining popularity for large businesses interested in a fully managed cloud monitoring solution. Third-party providers offer such CMaaS services capable of 24x7x365 automatic monitoring and instant alerts.

Such a service is crucial for the banking and Financial services sector because these organizations deal with critical financial data and are heavily regulated. To stay competitive, financial organizations must automate their cloud operations and make them more efficient. Most financial institutions consider hybrid and multi-cloud deployments. With moving more data and services to the cloud their demand for CMaaS is higher than ever.

The demand for Cloud Performance and Automated Cloud Monitoring differs by region, and the Asia Pacific is projected to have the highest demand for these services. While some countries, like Japan have already established a solid cloud infrastructure, some others are only taking the initial steps in this direction. The highest CAGR is expected in this region due to the forecasted migration of complex workloads, particularly based on automation and machine learning technologies. With artificial intelligence and machine learning pipelines in their cloud infrastructure, large enterprises and financial organizations significantly increase the complexity of their cloud solutions, which turns into high demand for automatic monitoring and performance solutions for cloud management.

According to the report, leading Cloud Performance Management Market players include Microsoft, IBM, HPE, Oracle and others.

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