Instabug, an Egyptian startup that provides mobile monitoring, crash, and bug reporting solution for mobile teams, has raised US$46 million in Series B funding to expand its product and create the first mobile observability and performance monitoring platform, according to the company.
Insight Partners, a global software investor, led the round, which included current investor Accel as well as new investors Forgepoint Capital and Endeavor.
Instabug, which was founded in 2016, assists developers in better understanding the performance of their mobile applications and how it affects the user experience. The company’s scalable platform allows independent developers and corporations alike to easily monitor, notify, prioritize, and debug during important points of the application life cycle.
“Mobile applications and our interactions with them have been growing for roughly 15 years,” stated Omar Gabr, CEO and co-founder of Instabug. “Leaders in industries as diverse as banking, transportation, retail, and education have realized that mobile applications are the key means by which customers will interact with their brands and products. As these businesses raise their investment in a mobile-first strategy to consumer engagement, this extra financing will help us create more strategic collaborations with them.”
With the new funding, Instabug will continue to strive to fulfill its mission of providing engineering teams with performance metrics and visibility into issues and product teams with customer insights and direct user feedback.
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