Instabug, the foremost mobile monitoring, crash, and bug reporting tool for mobile teams, announced today a $46 million Series B investment round led by global software investor Insight Partners, with participation from current investor Accel and new investors Forgepoint Capital and Endeavor.
In 2021, Instabug reached more than 2.7 billion mobile devices, processed 110 billion mobile sessions, and 4.2 billion issues, and drove a significant increase in year-over-year bookings, adding enterprise leaders such as DoorDash, Verizon, IHG, ABInveb, Porsche, Qualtrics, Gojek, and others to its customer base.
The widely used bug, crash reporting, and performance monitoring solutions from Instabug are critical for mobile developers and organizations who place a high value on understanding the performance of their mobile apps and the user experiences they provide. With the new funding, Instabug will pursue its aim of providing engineering teams with performance data and issue visibility, as well as product teams with customer insights and direct user input. Instabug is developing the first mobile observability and performance monitoring platform by expanding on its existing proactive issue detection, sophisticated debugging, and alert management capabilities.
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“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 all around us,” said Omar Gabr, CEO and co-founder of Instabug. “Leaders in industries spanning banking, transportation, retail, and education have realised 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.”
Why The Investors Invested
“Today’s digital brands and services are increasingly demanding purpose-built mobile solutions that improve their products and experiences,” said Ganesh Bell, Managing Director at Insight Partners. “Instabug is strongly positioned to lead the nascent mobile app observability and monitoring space because the company has treated mobile as a first-class citizen since day one, and its leadership has a deep understanding of the needs faced by mobile-focused/mobile-first organisations and developers.”
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“We are now at the point where mobile developers and teams can’t rely on server-side performance monitoring alone to understand and improve their app experience,” said Moataz Soliman, CTO and co-founder of Instabug. “Mobile developers have not had access to the level of observability, performance or user-level insights that web developers have historically had when developing and improving web-based applications. We strive to give mobile teams the visibility they have been missing and are furthering our efforts to become the standard for client-side performance monitoring and management, relied on by developers and leading digital enterprises alike.”
A Look At What The Startup Does
Instabug is a mobile monitoring, crash, and bug reporting solution for mobile teams founded in 2016 in Cairo by Omar Gabr and Moataz Soliman. It is intended to assist developers in better understanding the performance of their mobile applications and their impact on user experience.
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Instabug claims to have reached over 2.7 billion mobile devices, processed 110 billion mobile sessions, and resolved 4.2 billion issues by 2021, and its clients include DoorDash, Porsche, and Gojek.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh