08 November 2019, India:
LogRocket has raised $15 million in Series B round of funding. The funding round was led by Battery Ventures. Matrix Partners also participated in the funding round.
The company will use the fresh capital to continue growing headcount, anticipate to more than double in the coming year.
The company also launched LogRocket Metrics as the APM solution built specifically to understand the complex issues that arise in web applications.
Matthew Arbesfeld, CEO, LogRocket, said, “More and more we’re seeing that every company is now a software company, relying on software for their core business. We are on a mission to help those companies make their web experiences as perfect as possible.”
Matthew Arbesfeld, added, “By addressing performance on the front-end, we make it far easier for companies to identify and fix issues before they impact potential customers and cost companies sales.”
Neeraj Agrawal, General Partner at Battery Ventures, said, “Monitoring front-end and back-end applications are very different processes, and must be seen as such. The LogRocket team understands this and is taking a fundamentally different approach.”
Neeraj Agrawal, added, “LogRocket effectively addresses a problem developers have tried to solve for a very long time. Its technology makes APM totally painless in today’s environments. The team also has bold future plans to help companies stay ahead, and we are excited to work with them to execute.”
LogRocket was founded by Matthew Arbesfeld and Ben Edelstein in 2016.
(Image – LogRocket)