Instabug raises $46m in a Series B round

Instabug raises $46m in a Series B round

Instabug, leading mobile monitoring, crash and bug reporting solution for mobile teams, raised $46 million in a Series B funding led by global software investor Insight Partners with participation from existing investor Accel, as well as new investors Forgepoint Capital and Endeavor.

Instabug will use the funds to execute on its mission of serving engineering teams with performance metrics and issue visibility, and product teams with customer insights and direct user feedback. By adding to its existing proactive issue detection, advanced debugging and alert management capabilities, Instabug is also building its first mobile observability and performance monitoring platform.

“Today’s digital brands and services are increasingly demanding purpose-built mobile solutions that improve their products and experiences. Instabug is strongly positioned to lead the nascent mobile app observability and monitoring space because the company has treated mobile as a first-class citizen since day one, and its leadership has a deep understanding of the needs faced by mobile-focused/mobile- first organizations and developers,” Ganesh Bell, Managing Director at Insight Partners, said.

The capital raise follows Instabug reaching more than 2.7 billion mobile devices, processing 110 billion mobile sessions and 4.2 billion issues, and adding enterprise leaders like DoorDash, Verizon, IHG, ABInveb, Porsche, Qualtrics, Gojek to its customer base.

“Leaders in industries spanning banking, transportation, retail, and education have realized mobile applications are the primary way customers will experience their brands and products. This new capital will help us develop more strategic partnerships with these enterprises as they increase investment in a mobile-first approach to customer engagement,” Omar Gabr, CEO and co-founder of Instabug, stated.

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