INSUBCONTINENT EXCLUSIVE:
Instana, an application performance monitoring (APM) service with a focus on modern containerized services, today announced that it has
raised a $30 million Series C funding round
The round was led by Meritech Capital, with participation from existing investor Accel
This brings Instana total funding to $57 million.The company, which counts the likes of Audi, Edmunds.com, Yahoo Japan and Franklin
American Mortgage as its customers, considers itself an APM 3.0 player
It argues that its solution is far lighter than those of older players like New Relic and AppDynamics (which sold to Cisco hours before it
was supposed to go public)
Those solutions,the company says, weren&t built for modern software organizations (though I&m sure they would dispute that).What really
makes Instanastand out is its ability to automatically discover and monitor the ever-changing infrastructure that makes up a modern
application, especially when it comes to running containerized microservices
The service automatically catalogs all of the endpoints that make up a service infrastructure, and then monitors them
It also worth noting that the company says that it can offer far more granular metrics that its competitors.Instanasays that its annual
sales grew 600 percent over the course of the last year, something that surely attracted this new investment.&Monitoring containerized
microservice applications has become a critical requirement for today digitalenterprises,& said Meritech Capital Alex Kurland
&Instana is packed with industry veterans who understand the APM industry, as well as the paradigm shifts now occurring in agile software
Meritech is excited to partner with Instana as they continue to disrupt one of the largest and most important markets with their automated
APM experience.&The company plans to use the new funding to fulfill the demand for its service and expand its product line.
