Epsagon announced a $16 million Series A funding round, bringing the company's total amount raised to $20M.
New investor U.S. Venture Partners (USVP) led the round with participation from previous investors Lightspeed Venture Partners and StageOne Ventures. The new financing will fuel the next phase in Epsagon'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.
Epsagon provides a complete, end-to-end monitoring solution that enables DevOps and engineering teams to monitor, visualize, troubleshoot and quickly fix their cloud applications across any type of microservice — containers, Kubernetes, or serverless workloads. Epsagon's technology is fully automated for modern environments where the host may not be accessible, which makes traditional monitoring agents obsolete. 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 blindspot, 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."
"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."
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