Mobile Bug Solution Instabug Raises $46 Million in Series B Funding
With their widely adopted solutions platform, Instabug has enabled mobile developers and organisations that rely on mobile applications to smoothen out their customers' user experience.
Instabug, a mobile monitoring, crash and bug reporting solution for mobile teams founded in Egypt and headquartered in San Francisco, has raised $46 million in Series B funding. The funding round was led by Insight Partners, with contributions from new investors Endeavor and Forgepoint Capital, alongside existing investor Accel.
The startup witnessed record growth throughout 2021, adding major companies like DoorDash, Verizon, IHG, Porsche, Qualtrics, Gojek and AB Inbev to its customer base. Over the course of the year Instabug reached over 2.7 billion mobile devices, and processed 110 billion mobile sessions and 4.2 billion issues.
“Mobile applications and our interactions with them have been evolving for almost 15 years, but only in the past few have these interactions become the primary way we interface with brands and services all around us,” Omar Gabr, CEO and co-founder of Instabug, tells StartupScene. “Leaders in industries spanning banking, transportation, retail, and education have realised mobile applications are the primary way customers will experience their brands and products. This new capital will help us develop more strategic partnerships with these enterprises as they increase investment in a mobile-first approach to customer engagement."
With their widely adopted solutions platform, Instabug has enabled mobile developers and organisations that rely on mobile applications to more fully keep track of their needs, and make user experiences on these apps as seamless and satisfying as possible. Instabug will use these new funds to provide engineering teams with performance metrics and issue visibility, and give product teams greater access to customer insights and user feedback.
