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§ Private Profile · Chicago, IL, USA
Technology-driven MGA providing property and casualty insurance for multi-family real estate using AI and computer vision.
Honeycomb Insurance, a technology-driven managing general agent (MGA) based in San Francisco, CA, specializes in property and casualty insurance for multi-family properties, landlords, and condo associations. The company utilizes AI and computer vision for remote property inspections via aerial photos and a digital app, digitizing underwriting, quoting, and claims processes to eliminate manual paperwork and delays. Honeycomb is on track for $130 million in insurance premiums in 2024, demonstrating significant market traction. It recently raised a $36 million Series B in May 2024, led by Oren Zeev of Zeev Ventures, bringing total funding to $54.3 million. NFP Ventures, New Era Capital Partners, and Phoenix Insurance are also key investors. Founded in 2019 by Itai Ben-Zaken and Manny Rios, Honeycomb is transforming commercial property insurance.
Honeycomb has raised $192.4M across 9 funding rounds.
Honeycomb has raised $192.4M in total across 9 funding rounds.
Honeycomb has raised $192.4M across 9 funding rounds. Most recently, it raised $36.0M Series B in May 2024.
Honeycomb is an observability platform designed for engineering teams to debug and gain insights into complex, distributed cloud-native systems.[1][3][4] It builds tools for unified telemetry data analysis, distributed tracing, and high-speed querying, serving high-performance teams in sectors like gaming, enterprise software, financial services, and cloud services to resolve incidents faster, improve uptime, and enable innovation.[1][2][3] With $144.9M in total funding—including a $50M round—and revenue around $29.4M, Honeycomb demonstrates strong growth momentum, evidenced by expansions like EU data residency for GDPR compliance and AI-driven features.[2]
The platform solves the core problem of making sense of billions of rows of telemetry data in unpredictable systems, breaking the observability cost curve by offering unlimited fields, users, and OpenTelemetry-native integration without vendor lock-in.[2][4] This empowers teams to achieve root cause analysis in under 3 minutes, sub-90-second data availability, and infinite scalability, delighting customers like LaunchDarkly and Vanguard.[3][4]
Honeycomb was founded in 2016 in San Francisco by an ops engineer and a developer frustrated with inadequate tools for debugging distributed systems, pioneering the observability category with "tools that do not suck."[1][3] This duo addressed a hard engineering problem: understanding complex software through customer-focused observability, evolving from early incident resolution tools to a unified platform that ties into CI/CD pipelines, incident management, and AI workflows.[3][4] Early traction came from engineering teams seeking feedback loops for faster debugging and innovation, positioning Honeycomb as a partner guiding teams from legacy monitoring to modern practices.[3]
Honeycomb rides the explosion of distributed, cloud-native systems generating unprecedented telemetry volumes, where traditional monitoring fails amid microservices and AI-driven apps.[1][3][4] Timing is ideal as observability becomes foundational for engineering best practices, enabling feedback loops amid market forces like rising cloud costs, GDPR demands, and AI integration—Honeycomb's EU residency and generative AI features directly capitalize on these.[2][4] It influences the ecosystem by popularizing high-cardinality data analysis and OpenTelemetry standards, reducing vendor lock-in, and empowering teams to prioritize innovation over firefighting, much like how Grafana and Sumo Logic compete but lag in unified speed.[1][4]
Honeycomb is poised to dominate as AI agents and autonomous systems demand instant, contextual observability, with expansions into generative querying and IDE integrations accelerating adoption.[2][4] Trends like edge computing, multi-cloud complexity, and cost pressures will shape its path, potentially driving further funding or acquisition amid a maturing $20B+ observability market. Its influence may evolve from pioneer to essential infrastructure, enabling high-velocity engineering in an AI-everywhere world—ultimately delivering the uptime and innovation that define top tech companies, just as its founders envisioned.
Honeycomb has raised $192.4M in total across 9 funding rounds.
Honeycomb's investors include at.inc/, Zeev Capital, Arkin Holdings, Ibex Investors, IT-Farm, Launchbay Capital, Phoenix Insurance, Thomas Gieselmann, Beringea, Bling Capital, Curious Capital, DCM.