NEW YORK, 23rd March — Dash0, the Agentic observability platform built natively on OpenTelemetry, today announced a $110 million Series B funding round led by Balderton Capital. The round saw participation from additional new investor DTCP Growth, existing investors Accel, Cherry Ventures, and DIG Ventures, and strategic partners July Fund and T.Capital (Deutsche Telekom).
The round values Dash0 at $1 billion, making it the latest unicorn in enterprise infrastructure, and brings total funding to $155 million. The capital will accelerate Dash0's mission to evolve from an OpenTelemetry-native observability tool into the autonomous nervous system for production - an AI-powered platform that not only monitors systems but actively manages them.
The Problem: Observability Is Broken for the AI Era
Modern engineering teams are drowning. As architectures grow more complex and AI agents take on more critical roles in the software development lifecycle, the volume of signals, alerts, and operational decisions has outpaced what any human team can handle. Traditional observability vendors, built for a world of dashboards and manual incident response, have become expensive noise generators rather than operational partners.
Dash0 was founded in 2023 with a different belief: that observability infrastructure should be built on open standards, and that data and context - not vendor lock-in - should be the competitive moat. By building natively on OpenTelemetry, Dash0 ingests signals from any stack, vendor, or environment without the need for proprietary agents or hidden costs.
We built Dash0 on a conviction that the next generation of production infrastructure couldn't be held hostage by proprietary data formats and runaway pricing. OpenTelemetry changed the rules, meaning your data belongs to you. Now, with Agent0, we're taking the next leap: turning that data into action. The $110 million we're announcing today is how we bring autonomous operations to every engineering team in the world, before our competitors even understand what's happening to them.Mirko Novakovic, CEO and Co-Founder, Dash0
The Solution: Agent0 - Autonomous Operations Intelligence
With this funding, Dash0 is accelerating Agent0, its platform of specialized AI agents that transform raw observability data into autonomous action. Agent0 agents don't just surface problems - they fix them.
- AI SRE Agents that find the root cause of production issues and give clear guidance on how to fix them
- Observability Toil Agents that autonomously create dashboards, alerts, and SLOs, keep them up to date with every change
- Migration Agents that move teams off expensive legacy vendors automatically
- Cost Agents that continuously optimize infrastructure spend
- Security Agents that detect and respond to anomalies in real time
- Deployment Agents that validate releases, control rollouts, and mitigate rollback risk before it becomes incidents
Customers can also build and deploy their own custom agents on top of Dash0's open platform, creating a compounding layer of operational intelligence tailored to their unique production environments.
Balderton’s Rana Yared, who is joining Dash0's board as part of the round, sees this as a foundational infrastructure bet:
Dash0 built the infrastructure layer that every AI-driven company will depend on. Mirko and the team combine deep technical credibility with a genuinely differentiated approach. We believe Dash0 will define the next era of production operations.Rana Yared, Partner, Balderton
Traction
Since its founding in 2023, Dash0 has grown to more than 600 paying customers, including global brands such as Zalando, Taco Bell, and The Telegraph. The company is targeting accelerated growth in 2026, driven by engineering teams seeking to escape the costs and complexity of incumbent vendors such as Datadog and Dynatrace. For existing investor DIG Ventures, the conviction has only deepened:
We've watched Dash0 execute with rare precision since day one. Tripling down on this team isn't a difficult decision; it's an obvious one. The shift from passive observability to autonomous production operations is one of the defining infrastructure transitions of this decade, and Dash0 is leading it.Ross Mason, DIG Ventures
Use of Funds
The Series B will be invested across four areas to execute on Dash0's ambitious growth agenda. The largest share of investment will go toward deepening the Agent0 platform, expanding the library of autonomous agents, accelerating the core engineering roadmap, and opening the platform to customers building their own agents on top of Dash0's infrastructure. A significant portion will fund aggressive go-to-market expansion, with a primary focus on the US market, where demand from enterprise engineering teams is strongest, and the opportunity to displace incumbents like Datadog and Grafana is most immediate. Finally, the company will pursue targeted strategic acquisitions in LLM and agent observability, AI SRE, and AI-focused security - accelerating capabilities that would otherwise take years to build organically.
About Dash0
Dash0 is the Agentic Observability platform built on OpenTelemetry. Founded in 2023 in Germany and headquartered in New York, Dash0 provides engineering teams with a single, open platform to ingest, correlate, and act on signals from any stack without vendor lock-in, proprietary agents, or unpredictable pricing. Through its Agent0 platform, Dash0 is evolving beyond observability into autonomous operational intelligence: AI agents that monitor, diagnose, and resolve production issues before humans are ever paged. Dash0 is backed by Balderton Capital, Accel, Cherry Ventures, and DIG Ventures, and serves over 600 customers worldwide, including Zalando, Taco Bell, and The Telegraph.
For more information, visit www.dash0.com.
About Balderton Capital
Balderton Capital is a multistage venture firm with more than 25 years of experience supporting Europe’s best founders from Seed to IPO. We have both early and growth funds and invest across the technology sector, with a proven track record backing AI, fintech, B2B SaaS, digital health, mobility, gaming and marketplace companies. Previous investments include Darktrace (LON: DARK), Depop, Dream Games, Flywire (NASDAQ: FLYW), Kobalt, MySQL, Nutmeg, Peakon, Recorded Future, and Talend (NASDAQ: TLND). Balderton’s current portfolio includes: Aircall, Contentful, Cleo, Fuse, GoCardless (Mollie), Lendable, Photoroom, Primer, Proxima Fusion, Quantum Systems, Revolut, The Exploration Company, Tibber, Wayve, Writer and ZOE.
About Accel
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Bumble, Celonis, CrowdStrike, Deliveroo, Fiverr, Freshworks, Lovable, Miro, n8n, Qualtrics, Scale, Segment, Slack, Spotify, Supercell, Synthesia, and UiPath are among the companiesAccel has backed over the past 40+ years. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com
About Cherry Ventures
Cherry Ventures is Europe’s leading early-stage venture capital firm led by a team of founders and operators with experience building fast-scaling companies such as Spotify, Zalando, and Uber. The firm backs Europe's boldest founders, usually as their first institutional investor, and supports them in everything from go-to-market strategy, scaling the business, and team formation across all crucial stages in their journey. We look for founders with a vision to create revolutionary technologies - whether it’s AI, healthcare, robotics, consumer, or others - that impact society and change the world for the better. Cherry has invested in the pre-seed and seed stages of over 130 companies across Europe, including Flix, Auto1, Flaschenpost, Amboss, Manual, Numa, Moss, The Exploration Company, Qualifyze, Swap, Dash0, Proxima Fusion and Tacto. Cherry has offices in Berlin, London, and Stockholm. www.cherry.vc
About DIG Ventures
DIG Ventures is a London-based, operator-led early-stage venture capital firm investing in cloud & AI infrastructure companies in Europe, Israel, and the US. Its partners have built, backed, and exited multiple unicorn-scale technology businesses globally. Learn more at www.dig.ventures
About DTCP
Founded in 2015, DTCP is a global investment management firm with over €3 billion in assets under management and a team of more than 60 professionals across Berlin, Frankfurt, Hamburg, London, Luxembourg, San Francisco, Tel Aviv, and Valencia.
DTCP backs the builders of the digital world — investing in the technologies and infrastructure that connect, compute, and power modern life.
DTCP Growth backs bold entrepreneurs building the next generation of AI-driven enterprise software. With over 50 portfolio companies across Europe, US and Israel, the team supports category-defining leaders such as Arctic Wolf Networks, Auth0 (acquired by Okta), Guardicore (acquired by Akamai), Fastly (NYSE: FSLY), Cohere, LeanIX (acquired by SAP SE), Pipedrive (acquired by Vista Equity Partners), Signavio (acquired by SAP SE), and Quantum Systems.
For more information on DTCP, visit dtcp.capital
About T.Capital
T.Capital manages over €2.3 billion in assets on behalf of Deutsche Telekom across both Venture Capital and Growth/Buyout. The VC team makes initial investments of €1–15 million in Series A to D rounds across the US, Europe, and Israel. While industry- and business model-agnostic, the firm focuses on themes such as AI & cloud infrastructure, security, consumer, and connectivity. By backing ambitious founders, T.Capital provides access to Deutsche Telekom’s infrastructure, joint go-to-market opportunities, commercial resources, and global network. Recent investments include Lovable (AI coding) n8n (workflow automation), ElevenLabs (voice synthesis and speech AI), Black Forest Labs (AI-image generation), and Airalo (global eSIM marketplace).
Learn more at t.capital
About July Fund
July Fund is a global technology investment firm partnering with companies defining fundamental categories, from early stage through growth. The current portfolio includes KoBold Metals, PhysicsX, Sakana AI, Sunday Robotics, The Exploration Company, Wabi, and Valinor Enterprises, among others.
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