Instana, the first monitoring solution to fully automate all aspects of application performance monitoring (APM), today announced it has raised $30 million in Series C investment led by Meritech Capital with participation from existing investor Accel, bringing the company’s total funding to $57 million.
Founded in 2015 in Solingen (Germany), Instana has a steadfast commitment to delivering innovative monitoring built for modern dynamic application environments. Today, the growing company als operates an office in Chicago (USA). The fresh capital will be used to fulfill increasing demand for Instana’s automated monitoring solution for containerized microservice applications across global markets and expand its product line.
Mirko Novakovic, the Instana founder and CEO, stated: “The addition of Meritech to Instana’s existing investors, Accel and Target Partners, is a tremendous endorsement of our strategy and success, highlighted by rapid customer adoption and global annual sales growth of more than 600% in our last fiscal quarter.”
Instana’s customers include large enterprise brands across multiple industry verticals such as Audi, ClearScore, Sixt Rent a car, Edmunds.com, Yahoo Japan, and Macmillan Learning. Instana has made several major product updates in the past few months including automatic Kubernetes infrastructure monitoring (an industry first), an APM plug-in for Grafana and a personalization of the APM experience with its new Application Perspectives Capabilities, which ease DevOps teams’ ability to monitor their specific microservice within the application.
Alex Kurland (Meritech Capital) commented: “Monitoring containerized microservice applications has become a critical requirement for today’s digital enterprises. Instana is packed with industry veterans who understand the APM industry, as well as the paradigm shifts now occurring in agile software development. Meritech is excited to partner with Instana as they continue to disrupt one of the largest and most important markets with their automated APM experience.”
Below you find a video where Instana is showcasing/visualizing a large system and real time updates:
