Instana

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Instana
Company typeStart-up[1]
FoundedApril 2015; 9 years ago (2015-04) in Solingen, Germany
Founders
  • Mirko Novakovic
  • Pete Abrams
  • Fabian Lange
  • Pavlo Baron
Websitewww.instana.com Edit this on Wikidata

Instana is a German-American software firm[2] based in Solingen[1] as well as Chicago and San Francisco.[3][4] It specialises in developing application performance management (APM) software.[5][6]

Products[edit]

Instana's software is intended particularly for use in monitoring and managing the performance of software used in microservice architectures,[7] and permits 3D visualisation of performance[8] through graphs generated using machine learning algorithms, with notifications regarding performance also generated automatically.[9] Instana's Application Performance Monitoring (APM) tool of the same name is especially purposed for monitoring software used in so-called "container orchestration" (a modular method of providing a software service).[10]

History[edit]

The firm was founded in April 2015[9] by Mirko Novakovic, Pete Abrams, Fabian Lange, and Pavlo Baron[5] as a spin-off of Codecentric (which was founded in 2005).[2]

By December 2017, it had received a total of $26 million from investors,[11] and by October 2018, this had risen to a total of $57 million.[12] However this investment came primarily from outside Germany.[13] $20 million of this funding was raised in the series B round led by Accel Partners[14] whilst $30 million of this total was raised in the series C round led by Meritech Capital Partners.[6][1][4] In February 2019 the company employed more than 100 employees in different sites around Solingen,[15] including in the suburb of Ohligs.[16]

In November 2020, IBM, as part of continuing investments in big data and AIs, announced an agreement to acquire Instana.[17]

References[edit]

  1. ^ a b c Rabenschlag, René (28 December 2018). "Silicon Valley investiert in Solingen". Lokalzeit Bergisches Land. WDR. WDR. Retrieved 2 October 2019.
  2. ^ a b Maas, Marie-Charlotte (29 September 2018). "Instana: 30 Millionen US-Dollar für Solinger Software-Start-up". Wirtschafts Woche. Retrieved 25 September 2019.
  3. ^ "Instana zieht zur Prinzenstraße". RP Online. 23 May 2019. Retrieved 25 September 2019.
  4. ^ a b Schnor, Pauline (26 September 2018). "Solinger Software-Startup bekommt 30 Millionen Dollar von Facebook-Investoren". Gruenderszene. Retrieved 3 October 2019.
  5. ^ a b Steger, Johannes (14 December 2017). "Das Silicon Valley entdeckt Solingen". Handelsblatt. Retrieved 25 September 2019.
  6. ^ a b Marinova, Polina (27 September 2018). "Term Sheet — Thursday, September 27". Fortune. Retrieved 25 September 2019.
  7. ^ Heinrich, Robert; van Hoorn, André; Knoche, Holger; Li, Fei; Lwakatare, Lucy Ellen; Pahl, Claus; Schulte, Stefan; Wettinger, Johannes (4 Apr 2017). "Performance Engineering for Microservices: Research Challenges and Directions" (PDF). ICPE '17 Companion/GEOMAR: 3.
  8. ^ Barakat, Saman (May 2017). "Monitoring and Analysis of Microservices Performance". Journal of Computer Science and Control Systems. 10 (1): 22. Retrieved 25 September 2019.
  9. ^ a b Sharma, Umesh Ram (28 Jul 2017). Practical Microservices. Packt Publishing Ltd. pp. 211–212. ISBN 978-1785880162. Retrieved 25 September 2019.
  10. ^ Seifermann, Valentin (2017). "Application Performance Monitoring in Microservice-Based Systems": 18. doi:10.18419/opus-9827. Retrieved 25 September 2019. {{cite journal}}: Cite journal requires |journal= (help)
  11. ^ Lardinois, Frederic (14 December 2017). "Instana raises $20 million for its microservice monitoring and management service". TechCrunch. Retrieved 25 September 2019.
  12. ^ Schnor, Pauline (13 October 2018). "Mit 30 Millionen Dollar schmeißt man keine Party". Die Welt. Retrieved 25 September 2019.
  13. ^ Schäfer, Ulrich (15 January 2019). "Jenseits von Solingen". Süddeutsche Zeitung. Retrieved 25 September 2019.
  14. ^ Marinova, Polina (14 December 2017). "Term Sheet — Friday, December 14". Fortune. Retrieved 25 September 2019.
  15. ^ "Instana-Umzug nach Hackhausen geplatzt". RP Online. 7 February 2019. Retrieved 25 September 2019.
  16. ^ Prinz, Stefan (24 May 2019). "Ohligs: Unternehmer investiert Millionen". Solinger Tageblatt. Retrieved 25 September 2019.
  17. ^ "IBM to Acquire Instana as Company Continues to Advance its Hybrid Cloud and AI Strategy". IBM News Room. Retrieved 2020-11-18.
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