Dynatrace acquires Israeli startup Metis for tens of millions to enhance AI-driven database management
Metis was founded in 2021 by Roee Kriger (CEO) and Itay Brown (CTO) and has raised $5 million from UpWest and Spider Capital, as well as additional private investors. The company has approximately 10 employees in Tel Aviv.
Dynatrace, the AI-powered observability platform with a $16 billion market valuation on the NYSE, has announced the acquisition of Israeli startup Metis, an AI-driven solution for database observability.
While the acquisition value has not been disclosed, it is estimated to be in the tens of millions of dollars. The move comes as organizations continue to grapple with the growing complexity and volume of cloud-native databases, a critical infrastructure component for modern businesses. The integration of Metis' cutting-edge technology into Dynatrace's portfolio promises to enhance the platform's ability to provide expert-level recommendations, automatic remediation, and powerful insights into database performance, all through the lens of artificial intelligence.
Metis was founded in 2021 by Roee Kriger (CEO) and Itay Brown (CTO). The company has raised $5 million from UpWest and Spider Capital, as well as additional private investors, including Operator Partners and Alex Sirota. The company has approximately 10 employees in Tel Aviv.
Previously, Kriger held various management positions at the Prime Minister’s Office, Trusteer (which was acquired by IBM for $1 billion), and Redbend (which was acquired by Harman for $250 million). Brown is a serial entrepreneur; he founded Skgiraffe, which was acquired by ServiceNow, and Twingo, which was acquired by CommIT.
As cloud-native databases become ubiquitous in software development, managing their health and performance has emerged as a significant challenge. While these databases offer flexibility and scalability, they often require constant monitoring to prevent production issues that could disrupt services and applications. Developers, under constant pressure, may struggle to address these challenges without specialized expertise in database performance optimization.
Dynatrace aims to address this problem by embedding Metis' advanced observability technology into its platform, which is already powered by the company’s AI engine, Davis. This enhanced observability solution will provide developers with the tools to troubleshoot, remediate, and optimize databases in real-time, enabling them to focus on the innovative aspects of application development.
“The proliferation of data and the growing complexity of modern systems are putting increasing strain on development teams,” said Florian Ortner, Senior Vice President of Observability at Dynatrace. “Metis’ AI database observability solution is purpose-built for developers and integrates perfectly with our AI-driven platform. We are excited to welcome their team and deepen our expertise in database performance and optimization.”
“Our goal has always been to streamline database management for developers,” said Roee Kriger, CEO and Co-Founder, Metis, who has joined Dynatrace as part of the acquisition. “When we integrate our AI-powered capabilities into Dynatrace, we anticipate providing unparalleled insights and enhanced automated solutions for various database issues. This will empower developers to prioritize innovation and application development rather than database troubleshooting.”
