Instabug, a San Francisco, CA-based provider of a mobile monitoring, crash and bug reporting solution for mobile teams, raised $46M in Series B funding.
The round was led by Insight Partners with participation from existing investor Accel, as well as new investors Forgepoint Capital and Endeavor.
The company intends to 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.
Led by CEO Omar Gabr, and CTO Moataz Soliman, Instabug is a mobile monitoring, crash and bug reporting solution for mobile teams. The company’s platform scales with any sized business, allowing indie developers and enterprises alike to monitor, alert, prioritize and debug during critical phases of the application life cycle.
The capital raise follows record growth in 2021, in which Instabug reached more than 2.7 billion mobile devices, processed 110 billion mobile sessions and 4.2 billion issues, and drove a substantial increase in year-over-year bookings adding enterprise leaders like DoorDash, Verizon, IHG, AB InBev, Porsche, Qualtrics, Gojek and more to its customer base.
FinSMEs
18/05/2022