Web3 observability platform Sentio completes $6.4 million seed round financing, led by Lightspeed

2023-02-21 22:48:10

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ChainCatcher news, according to TheBlock, the Web3 observability platform Sentio has completed a $6 million seed round financing at a valuation of $32 million, led by Lightspeed Venture Partners, with participation from Hashkey Capital, Canonical Crypto, Essence VC, and GSR Ventures.

The company will use the funds from this round to operate its established infrastructure and expand its team. Observability measures the current state of a system based on data generated by that system. In cryptocurrency, applications are built on top of smart contracts, and there is currently no unified process for doing this, which means many either develop an internal solution to integrate disparate third-party tools or operate without such monitoring.

With Sentio's software development kit, users can collect metrics and event logs based on smart contract events, transactions, tracking, and status across blockchains, including Ethereum, Aptos, Polygon, and Avalanche. Sentio handles the indexing process of this information, but users can then build dashboards to visualize such data. This enables them to monitor potential violations or issues and receive alerts for certain activities on the blockchain. (Source link)

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