Instana Secures $20M Series B Funding Round
December 14, 2017
Share this

Instana raised a $20 million Series B investment led by Accel, with participation from existing investor Target Partners.

This brings the company’s total funding to $27 million to date. The funding will be used to grow the company’s ability to fulfill the demand from across global markets and expand the development of its products.

“Since our incubation in Germany, Instana focused on delivering to the needs of monitoring today’s modern dynamic application environments,” said Mirko Novakovic, Instana founder and CEO. “By providing a unique AI-powered solution, we’ve succeeded in driving rapid customer adoption, having been deployed at nearly 100 enterprise customers globally in just 10 months. The addition of Accel to our existing investor, Target Partners, is another strong endorsement; their guidance and support will be critical as Instana continues to scale, mature and succeed.”

“Across industries, businesses large and small continue to make application monitoring and engineering for speed top priorities. Instana’s solution delivers the capabilities organizations need to accelerate the development of customized software to optimize and grow their business. Highly-technical and knowledgeable experts with decades of experience in the APM market, the Instana team collectively shares a vision of what is needed to manage the performance of today’s dynamic applications,” said Harry Nelis, Partner, Accel, who will join the board.

“Instana’s founders had a global vision from inception of how to effectively manage today’s dynamic applications. This vision combines core research and R&D capabilities from the team in Germany with an experienced sales and marketing team in Silicon Valley. Through this holistic approach, the company addresses the key requirements of global enterprises seeking to leverage dynamic applications as part of their business growth strategy. We could not be happier with the market’s response to Instana,” said Target Partners co-founder and partner Dr. Berthold von Freyberg.

Share this

The Latest

March 27, 2024

Nearly all (99%) globa IT decision makers, regardless of region or industry, recognize generative AI's (GenAI) transformative potential to influence change within their organizations, according to The Elastic Generative AI Report ...

March 27, 2024

Agent-based approaches to real user monitoring (RUM) simply do not work. If you are pitched to install an "agent" in your mobile or web environments, you should run for the hills ...

March 26, 2024

The world is now all about end-users. This paradigm of focusing on the end-user was simply not true a few years ago, as backend metrics generally revolved around uptime, SLAs, latency, and the like. DevOps teams always pitched and presented the metrics they thought were the most correlated to the end-user experience. But let's be blunt: Unless there was an egregious fire, the correlated metrics were super loose or entirely false ...

March 25, 2024

This year, New Relic published the State of Observability for Financial Services and Insurance Report to share insights derived from the 2023 Observability Forecast on the adoption and business value of observability across the financial services industry (FSI) and insurance sectors. Here are seven key takeaways from the report ...

March 22, 2024

In MEAN TIME TO INSIGHT Episode 4 - Part 2, Shamus McGillicuddy, VP of Research, Network Infrastructure and Operations, at Enterprise Management Associates (EMA) discusses artificial intelligence and AIOps ...

March 21, 2024

In the course of EMA research over the last twelve years, the message for IT organizations looking to pursue a forward path in AIOps adoption is overall a strongly positive one. The benefits achieved are growing in diversity and value ...

March 20, 2024

Today, as enterprises transcend into a new era of work, surpassing the revolution, they must shift their focus and strategies to thrive in this environment. Here are five key areas that organizations should prioritize to strengthen their foundation and steer themselves through the ever-changing digital world ...

March 19, 2024

If there's one thing we should tame in today's data-driven marketing landscape, this would be data debt, a silent menace threatening to undermine all the trust you've put in the data-driven decisions that guide your strategies. This blog aims to explore the true costs of data debt in marketing operations, offering four actionable strategies to mitigate them through enhanced marketing observability ...

March 18, 2024

Gartner has highlighted the top trends that will impact technology providers in 2024: Generative AI (GenAI) is dominating the technical and product agenda of nearly every tech provider ...

March 15, 2024

In MEAN TIME TO INSIGHT Episode 4 - Part 1, Shamus McGillicuddy, VP of Research, Network Infrastructure and Operations, at Enterprise Management Associates (EMA) discusses artificial intelligence and network management ...