Application performance monitoring (APM) company AppSignal on Tuesday announced raising $22 million in a Series A funding round led by Elsewhere Partners.
Founded in 2012, the Amsterdam-based firm provides APM solutions for mid-market organizations, to help them ensure the performance, stability, and security of applications without having to deal with complex and costly enterprise solutions.
According to AppSignal, its developer-centric observability platform, already used by more than 2,000 organizations in 60 countries, helps customers build more secure and reliable applications.
The platform can identify abnormal behavior that could signal vulnerabilities and misconfigurations, while also enabling developers to identify performance issues and errors.
With support for Elixir, Java, node.js, Python, and Ruby, AppSignal’s all-in-one tool combines APM, error tracking, logging, and uptime monitoring, allowing developers to automate monitoring workflows and improve end-user experiences.
The company will use the new funding to expand support to more programming languages, and to expand its customer service, operations, and product development teams.
While focusing on expanding in Europe, AppSignal is also investing in its expansion to North America, after establishing a US base of operations in Austin, Texas, and appointing software industry leader Brandon Swalve as CEO.
“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,” AppSignal co-founder Roy Tomeij said.
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