The new funding will be used to fuel the next phase of the company's growth, including accelerating product innovation for the company's automated, distributed tracing technology, and investing in sales and marketing to meet global demand from new and existing customers
FREMONT, CA: Microservices application monitoring company Epsagon raised USD 16 million in a Series A round of financing led by new investor U.S. Venture Partners (USVP), with participation from previous investors Lightspeed Venture Partners and StageOne Ventures. With this round of funding, the company's total raised capital stands at USD 20 million. The new funding will be used to fuel the next phase of the company's growth, including accelerating product innovation for the company's automated, distributed tracing technology, and investing in sales and marketing to meet global demand from new and existing customers.
"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."
The company provides complete, end-to-end monitoring solution which enables DevOps and engineering teams to monitor, visualize, troubleshoot and offer quick fixes to their cloud applications across any microservices, including containers, Kubernetes, or serverless workloads. Epsagon's fully automated technology for modern environments makes traditional monitoring agents obsolete. The company is an AWS Advanced Technology Partner with DevOps, Data and Analytics, and Retail Competencies. It has the ability to integrate with any cloud provider, including AWS, Google and Azure clouds, or even Kubernetes clusters in less than five minutes.
"Epsagon has all the elements of a winning company: a unique vision, unmatched leadership, best-in-class technology, and a roster of industry-leading companies that depend on them to keep the applications that power their businesses running smoothly," said Jacques Benkoski, Partner, U.S. Venture Partners. "The company's growth over the past year demonstrates the leadership team's successful execution of its expansion plans, and the position Epsagon has carved out in the marketplace as a must-have solution. We're thrilled to play a part in the company's continued success."