Sentry raised $90 million in a series E round in May 2022, and their total funding is sitting at $217 million.
No cloud provider even offers a hosted version of Sentry, so it's not like that's an issue for their business. Spinning up a VM and deploying your own version is incredibly straightforward. Which is exactly why they now need to switch licenses and put newer features behind more restrictive terms so users are forced to pay.