Monitaur (Pivoted)
Datadog for Web3
Monitaur is an enterprise-grade, end-2-end observability & security platform for Web3 & digital assets. Instead of wasting months of engineering time and resources hacking together your in-house custom solutions, engineering teams can use Monitaur to quickly deploy monitoring to analyze, troubleshoot, and remediate critical production issues across their decentralized architecture. Interested in a demo? Check us out at https://monitaur.xyz. -
Active Founders
Carlos Feliciano
Co-founder and CEO of Monitaur. Over a decade of experience in Infrastructure, monitoring, and operations at YC-backed startups and large enterprises. AWS Solutions Architect. Love PC gaming, fitness, the beach, and just good vibes!
Casey Wilcox
Founder & CTO. Currently building the best monitoring platform for web3, Monitaur.xyz
Company Launches
Hey everyone! We’re Casey and Carlos from Monitaur!
TLDR:
Monitaur is enterprise-grade, hybrid observability for Web3 apps, infra, and services. Think of us as Datadog for Web3.
👥 The Team
Carlos Feliciano (CEO) is an AWS Cloud Solutions Architect and former director of customer success and solutions architect with over a decade of experience at fast-growing infrastructure and monitoring startups and enterprise companies in the Bay Area. In his downtime, he enjoys the beach, fitness, spending time with family, PC gaming, and spreading good vibes!
Casey Wilcox (CTO) is a Full Stack Engineer with over a decade of experience building amazing Web2 and Web3 applications at several Bay Area startups. Casey started his career building Runescape bots and fell in love with coding, eventually joining forces with Carlos to develop their products like Hatchfi and more. Casey loves PC gaming, spending time with his wife and kids, and hacking away!
🗑️ The Problem
Building, maintaining, and running decentralized applications at scale is still a black box for most companies and institutions.
- Current observability and monitoring tooling is built with sole developers in mind and does not account for x-team or x-organizational functionality, I.E., support, product, DevOps.
- The lack of transparency within Web3 applications, including traditional Web2 components, leaves blind spots that can turn into potential problems and unwarranted downtime.
- Most Web3 observability tooling has a steep learning curve and is built with subject matter experts in mind.
- A lack of change management tooling for decentralized applications, resulting in poor operational rigor and efficiency.
- Most monitoring for Web3 applications does not consider behavioral changes or anomalies, which frequently results in only capturing what went wrong after the fact.
Current monitoring services and other stand-alone observability tooling are insufficient because they are not designed for scaling startups, enterprises, and managed services providers seeking to adopt decentralized applications into their architectures. These companies resort to building in-house tooling or adopting several tools across the observability stack, increasing operational complexity and overhead.
⚡ The Solution
Monitaur's is an all-in-one observability platform for Web3 powered by machine learning. Our platform helps companies building Web3 applications and services manage, monitor, remediate and optimize the performance of their entire Web3 stack, saving them time and money by reducing operational overhead, improving security, and helping deliver a consistent, seamless user experience.
- ML-powered monitoring: threat, anomaly detection, event correlation and automated retrospectives
- Team management/multi-tenancy: invite teams and users to manage and organize their decentralized application assets within their own workspaces
- App marketplace: Integrate your favorite tools to expand functionality and customize their observability experience
- Seamless resource management: quickly discover, onboard, and manage your stack in minutes
- Dashboard analytics + insights: visual overview of your entire Web3 application stack and services for all teams
- Natural language querying + event management: search through important events across your decentralized stack and get end-2-end insights
- Observability API: our API allows clients to automate their entire observability pipeline alongside their application deployments
- Automated operations and processes: automate tasks across your decentralized application in response to alerts and user specified conditions to promote sound operations
🙏 Our Ask
- If you are a developer, DevOps engineer, support engineer, or product person who directly and indirectly involved in building decentralized applications or architectures for your company, we’d love to chat!
- If you are a Web2 company that is integrating Web3 applications or components into your current Web2 stack, we’d love to hear from you as well!
- If you are interested in becoming a technology partner and launching your app on our integration marketplace, we’d love to chat.
🔙 Backed by the best
Some of our early investors include:
- Y Combinator
- Delta Blockchain Fund
- Alchemy
- Orange DAO
- Jude Gomila, CEO @Golden.com
Interested in a discussion and/or demo of Monitaur? Please book a time with me here or email me at carlos@monitaur.xyz!
#️⃣ Socials
Company Photo
Hear from the founders
How did your company get started? (i.e., How did the founders meet? How did you come up with the idea? How did you decide to be a founder?)
Casey and I met on Buildpsace.so. Casey was one of the first teachers on the platform educating people on how to build Web3 applications. I was a student on the platform learning how to build react web3 apps and Casey happened to live up the street in a Discord community with over 50k students. We met IRL and started building in Nov 2021.The company started at a Starbucks with a vision to build crypto fintech software, but after several pivots, we decided to build in the monitoring and observability space in Web3. We came up with this idea because we have over a decade of experience in building decentralized applications and working in the infrastructure, monitoring, and Operations industry across startups and enterprises.
How did you decide to apply to Y Combinator? What was your experience applying, going through the batch, and fundraising at demo day?
We applied 3 times with 3 different ideas and were denied twice. We ended up applying one last time with Monitaur and got into the program as one of three Web3 companies in this batch! It was tough getting turned down the first few times, but we kept at it. We were pushed by a friend of ours to go back the third time and it worked.
What's the history of your company from getting started until the present day? What were the big inflection points?
We first built Luumen Finance, which was a budgeting tool for crypto in November of 2022. After a few months of building, we learned that building integrations for these types of tools was extremely difficult and decided to pivot in Feb of 2023. We ended up building and launching Hatchfi, a Plaid for crypto. We raised money and built an amazing product, but after several months, we learned that we were too early to the market, even after several micro pivots. We officially did a hard pivot in April of 2023 and are now building Monitaur, a Datadog for Web3.
What is the core problem you are solving? Why is this a big problem? What made you decide to work on it?
observability into decentralized applications is still very siloed and manual. Tooling that exists today only solves a portion of the observability problem and tends to focus on individual developers with tool interoperability being almost non-existent. If decentralized applications are to be used and leveraged at scale within institutions and enterprises, there needs to be a tool that is capable of instilling operational excellence including, but not limited to: cross team functionality, interoperability and hybrid application support.
What is your long-term vision? If you truly succeed, what will be different about the world?
Long term vision is to be a household name like Datadog or Airbnb, specifically in the Web3 observability space. We want to build a strong company that helps facilitate the adoption of crypto in the mainstream. We truly believe in the power of crypto and how it will change the future of finance and infrastructure.
Selected answers from Monitaur (Pivoted)'s original YC application for the S23 Batch
Describe what your company does in 50 characters or less.
Datadog for Web3 apps