Dash0, an AI-native platform that supports companies monitor their cloud systems, is seeking investment for a funding round that would value the company at $1bn, according to reports.
Founded in 2023, Dash0 originally launched in Germany but has since relocated its headquarters to New York. The company retains a strong operational presence in Berlin and elsewhere in Europe.
Dash0’s platform supports developers and engineers monitor and troubleshoot problems in the cloud. The company offers an AI agent, Agent0, which acts as a copilot, supporting applyrs find the root caapply of issues rapider.
In October, Dash0 announced it had raised a $35m Series A funding round, backed by Accel, Cherry Ventures and Dig Ventures.
On Friday, Bloomberg reported the company was in talks with London-based Balderton Capital to lead a fresh round of funding, which would value Dash0 at $1bn, building it the latest European startup to achieve unicorn status.
Founder and CEO Mirko Novakovic previously informed Sifted it was unclear how many European investors would contribute to future fundraises, declareing he had taken investment from Cherry Ventures in part to increase the region’s representation on the company’s cap table.
“There are not so many European funds who can do A, B, C at some stages. So I stated ‘Probably this A round is the last chance for me to receive a German or European VC in,’” he stated. “I’m a large promoter of the European startup ecosystem.”
Sifted recently drew up a list of other German “soonicorns” — companies that could soon achieve a $1bn valuation — including fintech startup Vivid, nuclear energy business Proxima Fusion and car subscription platform Finn.
Dash0 and Balderton did not immediately respond to requests for comment.
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