Instabug secures $46 M in Series B round led by Insight Partners
Instabug, a mobile monitoring, crash, and bug reporting tool for mobile teams, announced a $46 million Series B investment round led by global software investor Insight Partners. Current investor Accel and new investors Forgepoint Capital and Endeavor participated in the round.
With the new funding, Instabug will continue to aggressively pursue its aim of providing performance data and issue visibility to engineering teams, as well as customer insights and direct user input to product teams.
Instabug is creating the first mobile observability and performance monitoring platform by extending its proactive issue detection, advanced debugging, and alert management capabilities.
“Mobile applications and our interactions with them have been evolving for almost 15 years, but only in the past few have these interactions become the primary way we interface with brands and services. Leaders in industries spanning banking, transportation, retail, and education have realized that mobile applications are the primary way customers will experience their brands and products. This new capital will help us develop more strategic partnerships with these enterprises as they increase investment in a mobile-first approach to customer engagement,”Omar Gabr, CEO and co-founder of Instabug
Instabug reached over 2.7 billion mobile devices in 2021 and processed 110 billion mobile sessions and 4.2 billion issues. It drove a significant increase in year-over-year bookings, adding enterprise leaders like DoorDash, Verizon, IHG, AB InBev, Porsche, Qualtrics, Gojek, and others to its customer base.