Bugsnag, an automatic error monitoring platform for software program builders, has revealed it raised a $9 million sequence B spherical final yr, with GV (previously Google Ventures) becoming a member of present traders together with Benchmark Capital and Matrix Partners.
The sequence B spherical, which closed in February 2017, was along with the $8.6 million it raised throughout two earlier rounds — a $1.4 million seed spherical in 2013, adopted by a $7.2 million spherical two years later.
Founded out of San Francisco in 2012, Bugsnag’s platform allows developer groups to robotically detect bugs in code, whereas permitting them to prioritize fixes by significance — the concept right here is that you just’ll by no means have the ability to repair each single bug, so it’s greatest to deal with those that matter most.
The platform additionally helps to floor key info similar to which model of an A/B check induced the least variety of crashes in a given time-frame, or which error paid subscribers noticed most frequently.
Bugsnag claims some 4,000 prospects, together with big-name shoppers similar to Square, Airbnb, Lyft, Eventbrite, Mailchimp, and Pandora.
“Consumers and digital economic system staff alike have near-zero tolerance for utility crashes,” famous GV normal accomplice Dave Munichiello. “Most customers merely abandon an utility if it crashes greater than twice. As such, the easiest software program growth groups deploy error-monitoring expertise to establish, prioritize, and group a very powerful software program bugs for remediation.”
Alongside its “recent” money injection, Bugsnag additionally introduced a brand new “releases dashboard” at this time that serves up insights into the general well being of every model of an app launch by way of a crash-rate indicator. This is designed to supply an at-a-glance overview of the bugginess of an app because it progresses by its launch cycle.
Data means that round 24 p.c of customers abandon an app after only a single use, whereas it’s recognized that bugginess is a key driver of app abandonment. And that is why software program testing and debugging is large enterprise, industries some studies counsel will develop from $32 billion in 2016 to greater than $50 billion by 2021.
In the previous yr, enterprise-focused automated software program testing firm Tricentis raised a whopping $165 million in funding, whereas agile software program testing firm QASymphony nabbed $40 million and OverOps secured $30 million. Elsewhere, HackerOne, a vulnerability identification platform that connects white hat hackers with security-conscious companies, raised $40 million.
This article sources info from VentureBeat