Honeycomb Closes Best Quarter in Company History Fueled by Rapid Adoption Among Engineering Teams
Blog post from Honeycomb
Honeycomb, an observability platform, is experiencing significant growth and success, evidenced by a record number of bookings in Q3 2023 and a Net Revenue Retention Rate of 138% up to September 2023. Despite economic challenges, the company is expanding its leadership team to sustain this momentum, with key hires including CMO Reet Mand, SVP of Global Revenue Jason Robinson, Director of Open Source Austin Parker, and Senior Director of Product Marketing Josh Pederson. These strategic appointments aim to enhance Honeycomb's market presence and capitalize on its success in helping engineering teams efficiently manage complex tech environments. The platform is recognized by companies like Vanguard, Slack, and HelloFresh for its ability to maximize tech investments, resolve incidents swiftly, and improve customer satisfaction. Honeycomb's growth reflects an industry shift towards modern observability solutions, moving away from traditional APM tools.