Summary:
Odigos addresses challenges in modern data architecture with advanced distributed tracing.
Founded by Eden Federman and Ari Recht, the startup gained recognition from Y Combinator.
Successfully raised $13 million in funding to improve their solution and market strategy.
Utilizes eBPF technology to automate distributed tracing without heavy performance impacts.
Commits to open-source contributions, enhancing trust and relevance in their offerings.
The Challenge of Modern Data Architecture
Companies’ data architecture has drastically evolved over the past 20 years, yet the monitoring and tracing tools have lagged, posing significant challenges for engineering teams trying to identify the root causes of errors and latency issues.
The Birth of Odigos
Eden Federman, an Israeli developer, recognized the need for a solution through distributed tracing, an advanced observability method. However, he found that adoption was limited due to various implementation hurdles. This led him to co-found Odigos, a startup dedicated to enabling companies to effectively monitor their complex, cloud-native systems.
Federman teamed up with Ari Recht, an investment banker, to combine their expertise. Their collaboration was fruitful, resulting in Odigos being selected for Y Combinator's Winter 2023 batch.
Funding and Growth
Odigos, initially named Keyval, successfully raised funding through a SAFE note during YC’s Demo Day, followed by a $13 million round led by Venture Guide. One notable investor, Ben Sigelman, co-founder of Lightstep and co-creator of OpenTelemetry, highlighted the potential of Odigos in simplifying the implementation of this complex framework.
Targeting the Right Market
Odigos aims to serve large enterprises that lack the technical expertise to implement distributed tracing independently. These organizations often require extensive support to navigate the complexities of modern data systems.
The Role of eBPF
eBPF (Extended Berkeley Packet Filter) technology is pivotal for Odigos, allowing for automated distributed tracing without significant performance overhead. This is crucial for enterprises managing thousands of applications or microservices, where manual tracing would be impractical.
Open Source Commitment
The Odigos team, including Federman, actively contributes to open-source communities, particularly in eBPF and OpenTelemetry. Their commitment to open-source not only builds trust but also informs their product development, ensuring they address the real needs of their enterprise clients.
Unique Offerings
Odigos provides a commercial solution that differs from its open-source version, catering specifically to organizations operating across multiple environments. Additionally, it integrates seamlessly with existing application performance monitoring tools like Datadog, Dynatrace, SigNoz, and Honeycomb, ensuring a smooth transition for clients.
Future Plans
With new funding, Odigos is set to enhance its offerings, refine its go-to-market strategy, and establish a new headquarters in Boston. The startup has already initiated a major Proof of Concept with a significant American company, indicating strong market interest as they continue to innovate in the observability space.
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