The new funding round comes from IVP, with participation from Accel, GGV Capital, Redpoint Ventures, ICONIQ Growth, Salesforce Ventures, and GIC Singapore. With this round, Monte Carlo has raised a total of $236M in a 20-month period, most recently announcing their Series C in August 2021 and a suite of new product functionalities to help data teams achieve more reliable data.

With their Series D, Monte Carlo has achieved a $1.6B valuation, a testament to the market enthusiasm for the category and the company's commitment to making data more reliable for their customers.

As businesses increasingly rely on data to drive better decision making, it's mission-critical that this data is accurate and reliable. Billed by Forbes as the New Relic for data teams and backed by Accel and GGV, Monte Carlo solves the costly problem of broken data through their fully automated, SOC-2 Type II certified Data Observability platform.