16 January 2020:
Epsagon has raised $16 million in Series A round of funding. The funding round was led by USVP. Lightspeed Venture Partners and StageOne Ventures also participated in the funding round.
The company will use the fresh capital to fuel the next phase in it’s growth, including accelerating product innovation for the company’s automated, distributed tracing technology, and investing in sales and marketing to meet global demand from new and existing customers.
Nitzan Shapira, CEO and co-founder, Epsagon, said, “Cloud microservices have enabled companies to build applications faster than ever before; yet visibility into what’s working and what’s running in production remains a challenge. Two years ago, we launched Epsagon to address this blindspot, and today we’re continuously evolving our SaaS platform to scale with the growing cloud microservices stack.”
Nitzan Shapira, added, “With this round of funding, Epsagon extends its reach to more customers, delivering the ability to accelerate developer velocity and fix issues in seconds — with payload visibility. Epsagon makes the cloud service model even more attractive to more businesses.”
Jacques Benkoski, Partner, U.S. Venture Partners, said, “Epsagon has all the elements of a winning company: a unique vision, unmatched leadership, best-in-class technology, and a roster of industry-leading companies that depend on them to keep the applications that power their businesses running smoothly.”
Jacques Benkoski, added, “The company’s growth over the past year demonstrates the leadership team’s successful execution of its expansion plans and the position Epsagon has carved out in the marketplace as a must-have solution. We’re thrilled to play a part in the company’s continued success”
Ynon Cohen, Development Group Manager, Via Transportation, said, “As a fast-growing business that runs on the cloud, we needed enhanced visibility into what’s working and what’s in production in order to keep our application running smoothly — Epsagon provides that and much more. Our DevOps and engineering teams turn to Epsagon every day to closely monitor, visualize, and fix any potential issues in our software to ensure our customers are getting the best product and service possible.”
Epsagon is an automated monitoring and troubleshooting solution for modern microservices applications, based on containers and serverless.
(Image – Epsagon)