AppSignal, the provider of actionable insights into developers’ applications, is announcing the close of its Series A funding round led by Elsewhere Partners—having raised $22 million. The funds will be directed toward accelerating AppSignal’s global expansion, driving its delivery of streamlined, easily scalable application performance monitoring (APM) solutions for mid-market organizations.
AppSignal—whose sentiment describes monitoring with ease, and coding with confidence—offers an all-in-one monitoring product designed for developers at all levels of skill. Centralizing powerful, customizable, accessible APM and logging solutions for a range of environments, languages, and frameworks, AppSignal affords developers automated monitoring that helps them identify and mitigate performance issues for enhanced end-user experiences.
"The fragmented APM market is evolving quickly—enterprise observability platforms have become extremely costly and complex for midsize development teams, while lightweight tools lack comprehensive application monitoring coverage. AppSignal fills a significant gap in the midmarket, empowering developers with robust, end-to-end monitoring of their business-critical applications in one simple interface," said Rod Favaron, operating partner at Elsewhere. "We’re excited to support AppSignal’s accelerated expansion and unlock its next chapter of growth."
“Software developers need better APM and logging solutions to manage increasingly complex environments; it was clear we needed to significantly grow our European team and expand into North America to meet the intense demand,” said Roy Tomeij, co-founder and chief customer officer at AppSignal. “The Elsewhere team has a deep understanding of the developer ecosystem, and their support and guidance will help us continue to deliver the exceptional service and support our current customers have come to expect while we scale.”
AppSignal currently supports a variety of top programming languages, such as Elixir, Java, node.js, Python, and Ruby. With its recent infusion of capital, the company aims to expand into a broader range of programming languages, as well as support its product development, customer service, and operations teams. The company’s aim at global expansion involves deepening its European market while extending into the U.S.
According to Jacob Haug, CEO at Level RMM, “AppSignal has become indispensable to our operations at Level. They provide us with comprehensive visibility into our application's performance and stability, enabling our team to address potential issues before they impact our end users. This proactive approach has dramatically improved our service reliability and customer satisfaction.”
To learn more about AppSignal, please visit https://www.appsignal.com/.