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SaaS Company Plans to Expand & Double Headcount with New Funding Round Led by Runa Capital
SAN FRANCISCO, CA - March 4, 2020 -- Rollbar, provider of real-time error monitoring Software as a Service, today announces $11 million in Series B funding. The round was led by Runa Capital, an international VC firm headquartered in Silicon Valley that backs early-stage startups in deep tech and cloud business software. Long Light Capital and Blossom Street Ventures also participated in this round, along with existing investors Cota Capital, Bain Capital, and Patagonia Capital. Dmitry Galperin from Runa Capital will take a board seat.
As every business becomes a software business, real advantages come from being able to iterate quickly and release continuously. And for that, automated release is not enough anymore, you also need automated response. Automated response includes being able to see, understand, and resolve problems in real-time across the entire software development lifecycle. And that's exactly what Rollbar is building. Rollbar provides an automated error response platform centered around its proprietary, customizable grouping engine. Its solution offers workflow capabilities and integrates seamlessly into the modern development stack.
"Traditional monitoring doesn't give developers what they need to understand and respond to massive amounts of machine data. Developers need a better way to see where they're going. We're already working with more than 100,000 developers at over 4,000 customers, such as Twilio, Branch, Salesforce and Instacart to help them iterate faster and with more confidence. We're pleased with the support from Runa Capital as we scale our company," said Brian Rue, CEO and Co-Founder of Rollbar.
Rollbar plans to use this new capital to double its headcount across all divisions at company offices in the United States, Budapest, and Barcelona. Specifically, it will recruit for additional sales and engineering roles to assist with existing and new product development, and improve customer experience and support.
"Rollbar lets cloud native teams find and fix errors in code faster, and has recently made impressive inroads to help enterprise customers iterate throughout the software development lifecycle. We're excited to partner with Rollbar as it improves the quality of software that we all use and offers the right balance between cost, pace of code delivery and quality," said Dmitry Galperin, Partner at Runa Capital.
"Rollbar allows us to go from alerting to impact analysis and resolution in a matter of minutes. It's fully ingrained into our development cycle and monitoring. Without it, we would be flying blind," said Arnaud Ferreri, Director of Engineering at Instacart.
Rollbar helps developers deploy better software, faster, with solutions that identify, prioritize and resolve coding errors. Rollbar works alongside a development team's existing tool chain to give greater coverage and insights into broken code, across the development lifecycle. Used by thousands of companies, such as Salesforce, Twilio, Uber, Instacart, Twitch, and Kayak, Rollbar has won accolades for its ability to accelerate release cycles, reduce costs and improve software quality. Learn more at https://rollbar.com/ or follow us @Rollbar.
About Runa Capital
Runa Capital is an early stage venture capital fund established to pursue opportunities in the rapidly growing areas of Cloud Computing, Internet and Mobile Applications. Runa Capital is run by a team of successful entrepreneurs, most of whom have worked together for over 15 years. It is a united team with broad geographical and cross-industry experience, as well as an extensive professional network. Runa Capital investment team members possess an excellent track record in tech investments. Runa Capital's investment strategy focuses on early stage opportunities in Russia, where the venture capital is scarce and deal flow abundant, as well as Russian tech teams abroad. The key execution point is to select promising teams and drive and support them in the global marketplace, turning them into international champions.
Runa Capital is an international venture capital firm headquartered in Palo Alto, California, United States that invests in deep tech (AI, machine learning, middleware, open source, etc), cloud business software, fintech, edutech and digital health startups on early stages. From 2010 through 2019 Runa Capital raised 3 funds and invested in over 60 companies in Europe and North America including Nginx, MariaDB, Zopa, Brainly, drchrono, Smava and Mambu.
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