Application Performance Management Firm LogRocket Bags $15 Million

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LogRocket

Boston based LogRocket, the firm which helps firm fix their website app errors quickly has snagged a $15 million Series B financing. Battery Ventures led the latest capital raise with participation from Matrix Partners.

Prior to this round, LogRocket has secured $11 million from Battery Ventures in March earlier in the year. The current financing takes the total amount raised by the firm to $30 million. Kevin Mahaffey and Nitesh Banta are the other two backers of the firm having infused sum during the seed financing in 2017.

logrocket logoThe company was founded by Ben Edelstein and Matthew Arbesfeld. It helps companies in recording videos of user sessions with logs and network data, identifying UX problems and revealing the root cause of every bug. With the latest fundraise, the firm is launching LogRocket Metrics in order to assist the developers to figure out the depth of the problem.

Arbesfeld, the CEO and co-founder of the platform talking about the latest tool said, “With this new functionality called LogRocket Metrics, the developer can search across all their customers to determine the frequency and the impact of a problem to see if it affected your conversion rate, how many people were affected and who was affected,” The freshly raised funds will go towards the engineering and sales and marketing segment. At the same time, the firm plans to hire more data scientists in order to bring out better results and use the data they extract.

Neeraj Agrawal, a general partner at Battery Ventures talking about the funding said, “Monitoring front-end and back-end applications are very different processes, and must be seen as such. The LogRocket team understands this and is taking a fundamentally different approach. LogRocket effectively addresses a problem developer have tried to solve for a very long time. Its technology makes APM totally painless in today’s environments. The team also has bold future plans to help companies stay ahead, and we are excited to work with them to execute.”

 

Image Courtesy : LogRocket

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