Monte Carlo closes $60M Series C on the back of rapid ARR growth

Monte Carlo has returned to the capital well for the second time this year, adding $60 million to its accounts thanks to a new, ICONIQ Growth-led Series C. The company helps customers monitor their data inflows, finding issues and errors that could foul downstream data analysis.

The company raised a Series B earlier this year, a $25 million round led by GGV and Redpoint. Both Series B lead investors participated in Monte Carlo’s Series C, joined by Salesforce Ventures, a new investor in the company.

The company declined to share what it is now worth, but did tell TechCrunch that it is now worth 4x its previous valuation. Given

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