Epsagon Increases Total Fundraising to $30M to Become the Leading Applied Observability Platform Across Microservices Environments
DTCP joins Epsagon’s team of investors. This comes at a time in which the company is experiencing strong market tailwinds and growth, and is meant to accelerate Epsagon on its path to becoming the leading cloud-native microservice observability company.
Hamburg, Germany – 22 July 2020 – DTCP has invested in Epsagon, an applied observability company that enables the monitoring of microservices, specifically containers, Kubernetes, and serverless applications across multi-cloud environments. Existing investors include U.S. Venture Partners, Lightspeed Venture Partners, and StageOne Ventures.
This investment is out of DTCP’s Venture and Growth Fund II which focuses on bringing game-changing enterprise software-as-a-service (SaaS) companies to their next stage of growth. Epsagon, a SaaS-based observability platform providing deep visibility across microservice workloads, offers customers a fully automated and end-to-end solution. Epsagon’s platform was designed to help engineering and DevOps better understand their applications across distributed environments and complex architectures, and improving engineering efficiency by allowing for easy and fast troubleshooting.
Launched in 2017 in Tel Aviv and headquartered in New York City, the Epsagon founding team developed a distributed tracing solution with the goal of being fully automated and scalable, while providing complete data and visibility. Traditional solutions require heavy manual instrumentation which is not ideal in highly complex and distributed environments. Epsagon’s fully automated solution and developer-focused architecture provides a next-gen approach to hundreds of customers worldwide. The company’s observability platform offers easy integration with other cloud management and collaboration tools with no additional overhead required. While the company initially focused on AWS services, they have significantly expanded their market by adding support for Azure.
Nitzan Shapira, Epsagon CEO and Co-Founder, says, “We are excited to join forces with DTCP on our journey. DTCP’s strong, global presence and expertise in the cloud and SaaS markets will help us position ourselves as the leading observability platform. With this new funding we will continue to scale and expand our platform’s breadth.”
“Epsagon was built for developers by developers who understand the challenges of building and maintaining modern distributed microservice-based applications,” says DTCP Managing Director Irit Kahan. “The focus on completeness of data collected via payload visibility and automated deployment — providing immediate time to value — is the reason why companies around the world choose to use Epsagon’s product. DTCP is excited to be joining Nitzan Shapira, Ran Ribenzaft, and the entire Epsagon family on their mission to make the adoption and management of distributed microservice cloud-based environments as efficient and easy as possible.”
Epsagon’s applied observability platform enables teams to identify, troubleshoot, and resolve issues quickly within complex microservice environments, providing increased engineering efficiency and up to 90% reduction in resolution times. With Epsagon, companies are transforming to and scaling their microservices with confidence while maintaining 100% uptime and enterprise SLA.
DTCP is an investment management group with $1.7 billion in assets under management and advisory from corporate and institutional investors, and a portfolio of over 60 companies. The group provides venture and growth capital, private equity, and advisory services to the technology, media, and telecommunications sectors. It operates and invests in Europe, North America, and Asia out of its Hamburg, San Francisco, Tel Aviv, and Seoul offices. To learn more about DTCP, visit dtcp.capital, www.linkedin.com/dtcp-capital, or @dtcp_capital on Twitter.
DTCP Global Media: Julia Wolters | +49 160 6809906 | firstname.lastname@example.org