Instabug Raises $46M in Series B Funding

instabug

Instabug, a San Francisco-based company Providing mobile monitoring, crash, and bug reporting solutions for mobile teams, has raised $46M through Series B funding.

Insight Partners was the leader of the round, with existing investor Accel participating as well as new investors Forgepoint and Endeavor.

The company intends use the funds to fulfill its mission of providing engineering teams with performance metrics as well as issue visibility and product teams that provide customer insights and direct feedback.

Instabug was founded by CEO Omar Gabr (and CTO Moataz Soliman), and is a mobile bug, crash, and monitoring solution for mobile teams. The company’s platform scales with any sized business, allowing indie developers and enterprises alike to monitor, alert, prioritize and debug during critical phases of the application life cycle.

This capital raise comes after record growth in 2021 when Instabug reached more that 2.7 billion users, processed 110 million mobile sessions, and 4.2 trillion issues. It also drove a significant increase in year-overyear bookings and added enterprise leaders such as DoorDash and Verizon to its customer base, including Qualtrics and Gojek, AB InBev and Porsche.

Get latest news from African Startup ecosystem

Latest stories

You might also like...