Rollbar, a real-time error monitoring software platform, raised $11 million in a Series B funding round.
Runa Capital, a venture capital firm that backs early-stage startups in deep tech and cloud business software, led the funding round, with participation from Long Light Capital Blossom Street Ventures, Cota Capital, Bain Capital, and Patagonia Capital.
As part of the funding, Dmitry Galperin from Runa Capital will join the company’s board.
Rollbar plans to use the new funds to double its headcount across all company offices in the United States, Budapest, and Barcelona. Specifically, it will recruit for additional sales and engineering roles to assist with existing and new product development, and improve customer experience and support.
As every business becomes a software business, real advantages come from being able to iterate quickly and release continuously. And for that, automated release is not enough anymore; you also need automated response. The automated response includes being able to see, understand, and resolve problems in real-time across the entire software development lifecycle. And that’s exactly what Rollbar is building.
Rollbar helps developers deploy better software, faster, with solutions that prioritize and resolve coding errors. The company works alongside a development team’s existing tool chain to give greater coverage and insights into broken code, across the development lifecycle. The company’s clients include Salesforce, Twilio, Uber, Instacart, Twitch, and Kayak.
“Rollbar lets cloud native teams find and fix errors in code faster, and has recently made impressive inroads to help enterprise customers iterate throughout the software development lifecycle. We’re excited to partner with Rollbar as it improves the quality of software that we all use and offers the right balance between cost, pace of code delivery and quality,” said Dmitry Galperin, Partner at Runa Capital.
“Traditional monitoring doesn’t give developers what they need to understand and respond to massive amounts of machine data. Developers need a better way to see where they’re going. We’re already working with more than 100,000 developers at over 4,000 customers, such as Twilio, Branch, Salesforce and Instacart to help them iterate faster and with more confidence. We’re pleased with the support from Runa Capital as we scale our company,” said Brian Rue, CEO and Co-Founder of Rollbar.