Instana, a San Mateo, CA and Solingen, Germany-based provider of a monitoring solution that applies both automation and artificial intelligence (AI) to automate all aspects of application performance management (APM), raised $20m in Series B funding.
The round, which brings total funding to $27m to date, was led by Accel, with participation from existing investor Target Partners. In conjunction with the funding, Harry Nelis, Partner, Accel, will join Instana’s board.
The company intends to use the funds to grow globally and expand the development of its products.
Led by Mirko Novakovic, founder and CEO, Instana provides Application Performance Management solutions for containerized microservice applications wwhich apply automation and artificial intelligence to deliver the visibility needed to effectively manage the performance of today’s dynamic applications across the DevOps lifecycle.
Customers include large organizations across multiple industries, including financial services, healthcare, retail, communications and cloud-based service providers such as Edmunds.com, Sixt, iOFFICE, Audi, Trusted Shops and ClearScore.
Instana recently announced intelligent analysis of AWS products and AI-powered health management of container orchestration platform Kubernetes.