Updated: September 17, 2022
2022. Groundcover lands $20M to help companies monitor app performance
Groundcover, a performance monitoring platform for cloud apps, has raised $20 million in a Series A. Giant companies have been leading the APM sector, yet due to growing data volumes and intricate technology stacks, the cost has risen and these solutions have become hard to integrate and demanding to maintain … Groundcover is on a mission to reinvent the cloud-native application monitoring domain. It uses a technology called eBPF (Extended Berkeley Packet Filter) to provide observability — allowing it to trace events across networks, infrastructure, services and apps. eBPF was developed to let programs run inside isolated virtual machines, but it can also be leveraged to record observability data without requiring intensive installation. Groundcover rivals like Pixie, too, have applied it to this use case.
2021. Lumigo raises $29M for its cloud-native application monitoring platform
Lumigo, a cloud-native application monitoring and debugging platform, today announced that it has raised a $29 million Series A funding. The company started with a focus on distributed tracing for serverless platforms like AWS’ API Gateway, DynamoDB, S3 and Lambda. But as the team announced today, it is now also expanding its SaaS service to cover containers and virtual machines. Using the company’s platform, businesses can easily visualize every transaction in their network to understand how data flows between services — and then quickly diagnose issues when it doesn’t. It offers both a paid SaaS service (which includes a free tier), as well as a free command line tool for analyzing and tuning services based on AWS Lambda and Kinesis.
2021. Cisco beefing up app monitoring portfolio with acquisition of Epsagon
Cisco is acquiring Israeli applications-monitoring startup Epsagon for $500 million. The purchase gives Cisco a more modern microservices-focused component for its growing applications-monitoring portfolio. The acquisition comes on top of a couple of other high-profile app-monitoring deals, including AppDynamics, which the company bought in 2018 for $3.7 billion, and ThousandEyes, which it nabbed last year for $1 billion. With Epsagon, the company is getting a way to monitor more modern applications built with containers and Kubernetes. Epsagon’s value proposition is a solution built from the ground up to monitor these kinds of workloads, giving users tracing and metrics, something that’s not always easy to do given the ephemeral nature of containers.
2021. ServiceNow leaps into applications performance monitoring with Lightstep acquisition
ServiceNow has acquired Lightstep, an applications performance monitoring startup. ServiceNow wants to take advantage of Lightstep’s capabilities to enhance its IT operations offerings. With Lightstep, the company should be able to provide customers with a way to monitor the performance of applications with the goal of detecting problems before they grow into major issues that take down a website or application. Lightstep is part of the application performance monitoring market with companies like Datadog, New Relic and AppDynamics, which Cisco acquired in 2017
2021. App monitoring platform Sentry gets $60M
Application performance monitoring startup Sentry has reached unicorn status, raising a $60 million Series D. Sentry’s software monitors apps for potential issues, helping developers catch bugs before they result in outages, downtime and frustrated users. While Sentry’s products are used by a wide range of sectors, it is seeing continued growth in gaming and streaming media, and new demand in industries that are digitizing more of their infrastructure and services, including finance, commerce and healthcare.
2020. IBM is acquiring APM startup Instana as for its hybrid cloud platform
As IBM transitions from software and services to a company fully focused on hybrid cloud management, it has acquired Instana, an applications performance management startup with a cloud native approach that fits firmly within that strategy. With Instana, IBM can build on its internal management tools, giving it a way to monitor containerized environments running Kubernetes. It hopes by adding the startup to the fold it can give customers a way to manage complex hybrid and multi-cloud environments.
2020. Gartner named 15 top application performance monitoring vendors
Application Performance Monitoring (APM) vendors are expanding their ability to predict how application performance impacts digital business along with increased support for cloud infrastructure, says Gartner. COVID-19 has made it difficult for enterprises to ensure the performance of business-critical apps and the digital experience for their users. To solve these issues, Gartner said it requires the usage of digital experience monitoring (DEM) products – many of which are highlighted in Gartner’s Magic Quadrant -- deployed where employees are located or cloud-based APM solutions to provide complete visibility and meet performance goals.
2019. Frontend Monitoring service LogRocket lands $15M
LogRocket, a startup that helps companies root out and fix website app errors quickly and efficiently, has raised $15 million Series B. The company also announced a new tool called LogRocket Metrics to help developers understand how widespread a particular problem might be. It’s no secret that people tend to be impatient when an app or website isn’t working right, and you can lose a customer over a bad experience. With this new functionality called LogRocket Metrics, the developer can search across all their customers to determine the frequency and the impact of a problem to see if it affected your conversion rate, how many people were affected and who was affected.
2018. Google Cloud adds new applications performance monitoring tool
Google added a key ingredient for developers building applications on the Google Cloud Platform - a suite of application performance management tools called Stackdriver APM. It is designed for developers to track issues in the applications they have built instead of passing that responsibility onto operations. The thinking is that the developers who built the applications and are closest to the code are therefore best suited to understand the signals coming from it. StackDriver APM is made up of three main tools: Profiler, Trace and Debugger. Trace and Debugger have already been available, but by putting them together with Profiler, the three tools work together to identify, track and repair code issues.