Instana provides an application performance monitoring (APM) service focused on modern containerized microservices and positions itself as an "APM 3.0" player. Its platform automatically catalogs and monitors the endpoints that make up a service's infrastructure and delivers more granular metrics than legacy providers. The company emphasizes a lighter-weight solution compared with older APM vendors such as New Relic and AppDynamics. Customers include Audi, Edmunds.com, Yahoo Japan and Franklin American Mortgage. Instana reported annual sales growth of 600% over the past year. The company plans to use the new funding to fulfill demand for its service and expand its product line, and has raised $57 million in total to date. Instana builds an AI-powered application performance management platform for monitoring and managing microservice and container-based deployments. After users install its agent, Instana automatically detects and maps application components and their interactions in real time and uses collected telemetry to detect anomalies. Launched in 2015 after incubation in Germany, the company says it was deployed at nearly 100 enterprise customers globally in just 10 months. Its platform emphasizes automation and real-time mapping to address the complexity of modern dynamic application environments. Instana plans to use the new funding to expand its product development team and to fulfill demand across global markets. To date the company has raised $26 million in total funding, including the new Series B. Instana provides a platform to monitor and manage complex big data and microservices architectures by visualizing the application landscape and surfacing actionable suggestions. The solution combines proprietary knowledge with a machine learning approach to predict future performance degradation or downtime and to identify service interdependencies. Its virtual DevOps assistant, Stan, offers exact root-cause analysis and remediation suggestions. The company is a spin-off from Codecentric, founded in April 2015, with engineering headquarters in Solingen, Germany and a total of 23 employees. Instana also lists San Mateo, California as a company location. Instana recently raised $6M in venture capital.

Total raised

$56M

Funding rounds

3

Latest round

Series C

Latest activity

Sep 2018