Epsagon, an automated monitoring and troubleshooting solution for modern microservices applications, raised $16 million in a Series A funding round, bringing the company’s total amount raised to $20 million.
New investor U.S. Venture Partners (USVP) led the round with participation from existing investors Lightspeed Venture Partners and StageOne Ventures.
The company plans to use the funds to accelerate growth, including accelerating product innovation for its automated, distributed tracing technology and investing in sales and marketing.
The Epsagon complete, end-to-end monitoring solution enables DevOps and engineering teams to monitor, visualize, troubleshoot, and quickly fix their cloud applications across any microservice – containers, Kubernetes, or serverless workloads.
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 less than five minutes.
“Cloud microservices have enabled companies to build applications faster than ever before, yet visibility into what’s working and what’s running in production remains a challenge,” said Nitzan Shapira, CEO and co-founder, Epsagon.
“Two years ago, we launched Epsagon to address this blind spot, and today we’re continuously evolving our SaaS platform to scale with the growing cloud microservices stack. With this round of funding, Epsagon extends its reach to more customers, delivering the ability to accelerate developer velocity and fix issues in seconds – with payload visibility. Epsagon makes the cloud service model even more attractive to more businesses.”
In the past 12 months, the company has quadrupled its customer roster and expanded into several new verticals, including IoT, technology, retail, media, insurance, smart mobility, and telecommunications. The company has also added several new customers, including Via Transportation, Volta, Healthline, Freenet Group, and Farmer’s Fridge.
“As a fast-growing business that runs on the cloud, we needed enhanced visibility into what’s working and what’s in production in order to keep our application running smoothly – Epsagon provides that and much more,” said Ynon Cohen, Development Group Manager, Via Transportation. “Our DevOps and engineering teams turn to Epsagon every day to closely monitor, visualize, and fix any potential issues in our software to ensure our customers are getting the best product and service possible.”
Image Credit: Epsagon