Instana
| Company type | Start-up[1] |
|---|---|
| Founded | April 2015 in Solingen, Germany |
| Founders |
|
Instana is a German-American software firm[2] based in Solingen[1] as well as Chicago and San Francisco.[3][4] It specialises in developing application performance management (APM) software.[5][6]
Products
[edit | edit source]Instana's software is intended particularly for use in monitoring and managing the performance of software used in microservice architectures,[7] and permits 3D visualisation of performance[8] through graphs generated using machine learning algorithms, with notifications regarding performance also generated automatically.[9] Instana's Application Performance Monitoring (APM) tool of the same name is especially purposed for monitoring software used in so-called "container orchestration" (a modular method of providing a software service).[10]
History
[edit | edit source]The firm was founded in April 2015[9] by Mirko Novakovic, Pete Abrams, Fabian Lange, and Pavlo Baron[5] as a spin-off of Codecentric (which was founded in 2005).[2]
By December 2017, it had received a total of $26 million from investors,[11] and by October 2018, this had risen to a total of $57 million.[12] However this investment came primarily from outside Germany.[13] $20 million of this funding was raised in the series B round led by Accel Partners[14] whilst $30 million of this total was raised in the series C round led by Meritech Capital Partners.[6][1][4] In February 2019 the company employed more than 100 employees in different sites around Solingen,[15] including in the suburb of Ohligs.[16]
In November 2020, IBM, as part of continuing investments in big data and AIs, announced an agreement to acquire Instana.[17]
References
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