Cloud Computing Outlook

Rollbar Raises USD 11 Million in Series B Round of Financing

By Cloud Computing Outlook | Friday, March 06, 2020

Rollbar's solutions have been helping developers deploy better software, faster, with solutions that identify, prioritize, and resolve coding errors. The company works alongside a development team's existing toolchain to provide further coverage and insights into broken code, across the development

FREMONT, CA: Real-time error monitoring Software as a Service provider, Rollbar has raised USD 11 million in a Series B funding round led by Runa Capital, an international VC firm headquartered in Silicon Valley. The financing round was also participated by Long Light Capital and Blossom Street Ventures, along with existing investors Cota Capital, Bain Capital, and Patagonia Capital. As part of the deal, Dmitry Galperin from Runa Capital will join Rollbar's board of directors.

Rollbar provides an automated error response platform centered around its proprietary, customizable grouping engine. Its solution offers workflow capabilities and integrates seamlessly into the modern development stack. The newly raised capital will be used by the company to double the headcount across all divisions at company offices in the United States, Budapest, and Barcelona. Rollbar will specifically recruit for additional sales and engineering roles to assist with current and new product development, and improve customer experience and support.

"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.

Rollbar's solutions have been helping developers deploy better software, faster, with solutions that identify, prioritize, and resolve coding errors. The company works alongside a development team's existing toolchain to provide further coverage and insights into broken code, across the development lifecycle. "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, the pace of code delivery, and quality," said Dmitry Galperin, Partner at Runa Capital.

The company's clientele includes Salesforce, Twilio, Uber, Instacart, Twitch, and Kayak. The company has also won multiple accolades for its ability to accelerate release cycles, reduce costs, and improve software quality. "Rollbar allows us to go from alerting to impact analysis and resolution in a matter of minutes. It's fully ingrained into our development cycle and monitoring. Without it, we would be flying blind," said Arnaud Ferreri, Director of Engineering at Instacart.

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