E117: Taking on Datadog with Open Source Observability
Nov 28, 2023
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Pranay Prateek discusses founding Signoz, an open source observability platform, with a focus on tracing, logs, and metrics. They raised $7M from investors. The evolution of observability solutions, the importance of open source, and the growth of OpenTelemetry are key topics. They also touch on the release of logs, simple pricing strategies, and the challenges of managing open-source projects.
Observability is crucial for modern software-centric companies to efficiently tackle infrastructure issues.
Cygnos prioritizes simplicity and transparency in pricing to align costs with the value derived from the product.
Deep dives
Foundation of Cygnos: Identifying the Observability Gap
Cygnos co-founder Pune discusses the inception of Cygnos, driven by the need for open source observability tools due to challenges faced at a mid-stage startup. The lack of efficient infrastructure diagnostic tools led to the realization of the importance of observability in modern software-centric companies. This recognition sparked the journey to develop a comprehensive observability platform integrating metrics, traces, and logs to efficiently tackle infrastructure issues.
Evolution from APM to a Unified Observability Solution
Initially focusing on building a tool on Grafana for application performance monitoring (APM), Cygnos pivoted to prioritize distributed tracing for microservices. This shift stemmed from the growing complexity of microservices architecture and the need for correlating metrics, traces, and logs for rapid issue resolution. The transition to an all-encompassing observability platform was driven by user feedback and the realization that APM alone couldn't address the diverse monitoring needs of users.
Integration of OpenTelemetry to Enhance Tracing Capabilities
The adoption of the open telemetry project enhanced Cygnos' tracing capabilities, aligning with the increasing industry focus on distributed tracing. The choice of open telemetry facilitated flexibility in backend visualization selection and streamlined integration for users. Leveraging open telemetry's robust tracing support, Cygnos optimized its platform for efficient tracing, a foundational aspect of observability in complex microservices environments.
Pricing Strategy and Product Segmentation for Cygnos
Cygnos' pricing strategy prioritizes simplicity and transparency by basing costs on data volume sent to the platform. This approach aims to pass on operational efficiency benefits to customers and aligns pricing with the value derived from the product. The delineation between free open-source core features and paid enterprise offerings focuses on advanced functionalities like compliance and role-based access control, providing a clear value proposition for varying user needs.
Pranay Prateek is Co-Founder of Signoz, the open source observability platform with OpenTelemetry-native traces, metrics, and logs. Their open source project, also called Signoz, has over 15K GitHub Stars and helps developers monitor their applications and troubleshoot problems.
Signoz has raised $7M from investors including SignalFire and Uncorrelated Ventures.
In this episode, we discuss why observability is a good category to use open source, why Signoz started with tracing and then added on other types of observability, the growth of OpenTelemetry and why Signoz decided to build with it, how the release of logs unlocked growth, the importance of simple pricing in this category & more!
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