With a fresh $46M, Instabug aims to do more than fix your app's bugs | TechCrunch

Instabug, a startup that aims to help mobile developers monitor, identify and fix bugs within apps, has raised $46 million in a Series B funding round led by Insight Partners. The raise comes just over two years after the startup raised $5 million in a Series A round led by Accel, which doubled down on its investment in the latest financing. New backers Forgepoint Capital and Endeavor also put money in the round. The company declined to reveal its current valuation. The new capital brings its total equity raised to date to $54 million.  A lot has changed for Instabug, which has dual headquarters in Cairo, Egypt and San Francisco, since its last raise. For one, the company expanded its focus from bug and crash reporting to building out application performance monitoring software “to capture everything around mobile performance.” The company was founded in 2013, first released its offering in beta in 2015, and publicly launched in February 2016 during its time at Y Combinator. Its recent decision to expand into monitoring was driven by the fact that consumers have higher expectations from the apps they’re using and companies need to be more proactive to prevent bugs from occurring in the…
Read More