Epsagon, a NYC-based microservices application monitoring company, raised $16m in Series A funding.
The round, which brought the total amount raised to date to $20m, was led by new investor U.S. Venture Partners (USVP) with participation from previous investors Lightspeed Venture Partners and StageOne Ventures.
The company intends to use the funds to accelerate growth, including accelerating product innovation for its automated, distributed tracing technology, and investing in sales and marketing.
Led by Nitzan Shapira, CEO and co-founder, Epsagon provides a complete, end-to-end monitoring solution that enables DevOps and engineering teams to monitor, visualize, troubleshoot and quickly fix their cloud applications across any type of microservice — containers, Kubernetes, or serverless workloads.
The company’s technology is fully automated for modern environments. Epsagon is an AWS Advanced Technology Partner with DevOps, Data and Analytics, and Retail Competencies and can integrate with any cloud provider — AWS, Google and Azure clouds — or Kubernetes clusters in a few minutes. In the past 12 months, the company has more than quadrupled its customer roster and expanded into a number of new verticals including IoT, technology, retail, media, insurance, smart mobility, and telecommunications.