Tech startup Airbrake raises $11M from Elsewhere Partners to grow its application error monitoring platform
Airbrake, a San Francisco, CA-based application performance and code-level error monitoring software startup, today announced it has raised $11 million financing round led by Elsewhere Partners to grow its application error monitoring platform. In conjunction with the funding, Airbrake also announced that several senior-level software company veterans have joined its company to expand the Go-To-Market strategy and product roadmap. The team plans to focus on increasing value to the developer community and helping businesses accelerate digital transformation.
Founded in 2011, Airbrake is a full-stack Application Monitoring service that helps thousands of engineering teams build and deploy great software. Airbrake provides real-time feedback on what’s broken, who’s affected, and how to fix it, allowing teams to ship better quality software with speed and confidence. It fits seamlessly within the existing workflow, integrating with Slack, JIRA, GitHub, GitLab, and other popular productivity tools.
Thousands of engineering teams all over the world use Airbrake to capture, organize and alert their software exceptions, allowing them to find and fix bugs more quickly. Airbrake handles over 600 million errors every month for companies like Zendesk, Groupon, TED, Soundcloud, and thousands more.
Commenting on the funding, Nick Stoffregen, Vice President at Elsewhere Partners, said: “Airbrake grew rapidly and profitably under the product-focused leadership of Joe Godfrey,” He also added:“The company created a product that developers love, and Airbrake has grown organically as a result, without dedicated sales and marketing teams.”
“We’re excited to continue nurturing the strong relationships Airbrake has built with customers in the developer community,” said Treb Ryan, CEO of Airbrake. “Once dev teams try Airbrake, they uncover real-world errors across the entire solution that they never knew existed,” Ryan said.
“Airbrake is a textbook example of the success of product-led growth,” said Shelley Perry, Executive Chairman of Airbrake. “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,” Perry said.