Image: © deagreez/Stock.adobe.com
Elsewhere Partners has invested in Airbrake’s software, which informs developers of errors in code, who’s affected and how to fix the issues.
Last week, full-stack application monitoring service Airbrake announced that it raised $11m in a funding round led by Elsewhere Partners.
The start-up offers real-time error monitoring for the end-to-end application stack to improve the efficiency of continuous integration and continuous development (CI/CD).
The software informs clients what’s broken, who’s affected and how to fix it, with the goal of helping teams to ship better quality software. The platform can be integrated with Slack, Jira, GitHub, GitLab and other tools.
Based in Austin, the start-up’s employees work remotely, with a leadership team spread between Texas and the San Francisco Bay Area. The company is led by CEO Treb Ryan and chief product officer Joe Godfrey. Its customers include developers at Netflix, Adobe, Salesforce, SoundCloud, Twitch and TED, among others.
The investment
With the latest batch of funding, Airbrake plans to focus on increasing value to the developer community and helping more businesses to accelerate their digital transformation.
The start-up said that its technology is used by thousands of companies to handle hundreds of millions of errors every month, in verticals such as streaming entertainment services, digital home security monitoring and customer service engagement platforms.
Nick Stoffregen, vice-president at Elsewhere Partners, said: “Airbrake grew rapidly and profitably under the product-focused leadership of Joe Godfrey. The company created a product that developers love, and Airbrake has grown organically as a result, without dedicated sales and marketing teams.”
Shelley Perry, executive chair of Airbrake, added that the company is “a textbook example of the success of product-led growth”.
“This investment allows Airbrake to focus on value-led growth, which includes increasing customer feedback, building community, and investing in partnerships within the CI/CD ecosystem.”
Airbrake’s newly expanded executive team includes Perry, Ryan and Godfrey, as well as CTO Eric Anderson and CFO Chad Savoy.
