Rollbar announced $11 million in Series B funding.
The round was led by Runa Capital, an international VC firm headquartered in Silicon Valley that backs early-stage startups in deep tech and cloud business software. Long Light Capital and Blossom Street Ventures also participated in this round, along with existing investors Cota Capital, Bain Capital, and Patagonia Capital. Dmitry Galperin from Runa Capital will take a board seat.
As every business becomes a software business, real advantages come from being able to iterate quickly and release continuously. And for that, automated release is not enough anymore, you also need automated response. Automated response includes being able to see, understand, and resolve problems in real-time across the entire software development lifecycle. And that's exactly what Rollbar is building. 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.
"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 plans to use this new capital to double its headcount across all divisions at company offices in the United States, Budapest, and Barcelona. Specifically, it will recruit for additional sales and engineering roles to assist with existing and new product development, and improve customer experience and support.
"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, pace of code delivery and quality," said Dmitry Galperin, Partner at Runa Capital.
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