Lerer Hippeau
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Lerer Hippeau

Please welcome Databand, the first unified data monitoring tool

Meet Databand, the latest addition to Lerer Hippeau’s portfolio.

HQ: New York and Tel Aviv

Cofounders: Josh Benamram, Victor Shafran and Evgeny Shulman

The problem: A massive rise in data creation has coincided with an increase in the number of tools businesses use to collect and monitor it — a challenge that only gets more complex as projects grow in size and use. With so many available options for applications and platforms to manage data usage and storage, it can be a challenge to determine the source of system errors or glitches when they happen. And left unchecked, bad data can have a ripple effect across any organization that can cause major problems both internally and with customers.

Databand’s solution: Databand is an observability platform that enables data engineers to monitor the health of their pipelines. The platform pulls information including runtime info, logs, data profiles, and data sources including Snowflake and Airflow all into one place. That way, engineers can notice when something looks amiss across data sources, understand why, and solve the issue.

Origin story: Josh Benamram, Victor Shafran and Evgeny Shulman spent years building technical expertise while leading data product development at large companies and high-growth startups including Sisense, Crosswise (acquired by Oracle) and more. The team came together after independently recognizing the recurring challenges facing data engineering teams and the need for better observability. As a result, they brought a deep understanding for the product need and excellent founder-market fit that we love to see on founding teams. Today, Databand announces their Series A funding, with $14.5 million raised.

Why we’re betting on it: Josh, Victor and Evgeny complement each other by combining exceptional technical ability and intuitive product sense. The problem set and their vision to solve it immediately resonated with many of the more sophisticated data teams in our portfolio. These early adopters proactively searching for a better pipeline-monitoring solution quickly validated the growing market opportunity for Databand, and served as an excellent reference as we evaluated the investment.

Our take: As data creation continues to grow exponentially, and organizations across industries are forced to become more data-centric in order to remain competitive, the need for a product ensuring data inputs are reliable will only become increasingly critical over time. We believe Databand is incredibly well-positioned to not only win over early adopters in the technology sector, but also to establish itself as the leading observability platform for any organization working with complex and growing data workloads. As with many of our more developer-focused investments such as Clubhouse and CodeClimate, Databand is driving meaningful productivity improvements for engineering teams, and enabling team members to focus on what really matters — in this case, advancing the data capabilities to move an organization forward.

Further reading: Databand raises $14.5M led by Accel for its data pipeline observability tools” via TechCrunch.

Learn about careers at Databand.

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Lerer Hippeau is an early-stage venture capital fund based in New York City. As founders and operators ourselves, we see returns in relationships.

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Lerer Hippeau

Lerer Hippeau

Lerer Hippeau is the most active early-stage venture capital fund in New York.

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