Company:Instana

From HandWiki
Short description: German-American software firm
Instana
TypeStart-up[1]
FoundedApril 2015; 8 years ago (2015-04) in Solingen, Germany
Founders
  • Mirko Novakovic
  • Pete Abrams
  • Fabian Lange
  • Pavlo Baron

Instana is a Germany -United States 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

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

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

  1. ↑ 1.0 1.1 1.2 Rabenschlag, René (28 December 2018). "Silicon Valley investiert in Solingen". Lokalzeit Bergisches Land. WDR (WDR). https://www1.wdr.de/mediathek/video/sendungen/lokalzeit-bergisches-land/video-silicon-valley-investiert-in-solingen-100.html. Retrieved 2 October 2019. 
  2. ↑ 2.0 2.1 Maas, Marie-Charlotte (29 September 2018). "Instana: 30 Millionen US-Dollar für Solinger Software-Start-up". Wirtschafts Woche. https://gruender.wiwo.de/instana-30-millionen-us-dollar-fuer-software-start-up/. Retrieved 25 September 2019. 
  3. ↑ "Instana zieht zur Prinzenstraße". RP Online. 23 May 2019. https://rp-online.de/nrw/staedte/solingen/software-entwickler-aus-solingen-instana-zieht-zur-prinzenstrasse_aid-38957785. Retrieved 25 September 2019. 
  4. ↑ 4.0 4.1 Schnor, Pauline (26 September 2018). "Solinger Software-Startup bekommt 30 Millionen Dollar von Facebook-Investoren". Gruenderszene. https://www.gruenderszene.de/technologie/instana-series-c. Retrieved 3 October 2019. 
  5. ↑ 5.0 5.1 Steger, Johannes (14 December 2017). "Das Silicon Valley entdeckt Solingen". Handelsblatt. https://www.handelsblatt.com/unternehmen/mittelstand/start-up-instana-das-silicon-valley-entdeckt-solingen/20711020.html. Retrieved 25 September 2019. 
  6. ↑ 6.0 6.1 Marinova, Polina (27 September 2018). "Term Sheet — Thursday, September 27". Fortune. https://fortune.com/2018/09/27/term-sheet-thursday-september-27/. 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". ICPE '17 Companion/GEOMAR: 3. http://oceanrep.geomar.de/37428/1/HeinrichvanHoornKnocheLiLwakatarePahlSchulteWettinger2017PerformanceEngineeringForMicroservicesResearchChallengesAndDirections-publisher.pdf. 
  8. ↑ Barakat, Saman (May 2017). "Monitoring and Analysis of Microservices Performance". Journal of Computer Science and Control Systems 10 (1): 22. https://www.researchgate.net/publication/317690568. Retrieved 25 September 2019. 
  9. ↑ 9.0 9.1 Sharma, Umesh Ram (28 Jul 2017). Practical Microservices. Packt Publishing Ltd. pp. 211–212. ISBN 978-1785880162. https://books.google.com/books?id=ueZDDwAAQBAJ&q=%22Instana%22&pg=PA212. Retrieved 25 September 2019. 
  10. ↑ Seifermann, Valentin (2017). Application Performance Monitoring in Microservice-Based Systems. p. 18. doi:10.18419/opus-9827. https://elib.uni-stuttgart.de/handle/11682/9844. Retrieved 25 September 2019. 
  11. ↑ Lardinois, Frederic (14 December 2017). "Instana raises $20 million for its microservice monitoring and management service". TechCrunch. https://techcrunch.com/2017/12/14/instana-raises-20-million-for-its-microservice-monitoring-and-management-service/. Retrieved 25 September 2019. 
  12. ↑ Schnor, Pauline (13 October 2018). "Mit 30 Millionen Dollar schmeißt man keine Party". Die Welt. https://www.welt.de/wirtschaft/gruenderszene/article182033278/Start-up-Instana-Mit-30-Millionen-Dollar-schmeisst-man-keine-Party.html. Retrieved 25 September 2019. 
  13. ↑ Schäfer, Ulrich (15 January 2019). "Jenseits von Solingen". Süddeutsche Zeitung. https://www.sueddeutsche.de/wirtschaft/kolumne-deutsches-valley-jenseits-von-solingen-1.4288446. Retrieved 25 September 2019. 
  14. ↑ Marinova, Polina (14 December 2017). "Term Sheet — Friday, December 14". Fortune. https://fortune.com/2017/12/14/term-sheet-friday-december-15/. Retrieved 25 September 2019. 
  15. ↑ "Instana-Umzug nach Hackhausen geplatzt". RP Online. 7 February 2019. https://rp-online.de/nrw/staedte/solingen/solingen-neubauplaene-liegen-weiter-auf-eis_aid-36591895. Retrieved 25 September 2019. 
  16. ↑ Prinz, Stefan (24 May 2019). "Ohligs: Unternehmer investiert Millionen". Solinger Tageblatt. https://www.solinger-tageblatt.de/solingen/ohligs-unternehmer-investiert-millionen-12314807.html. Retrieved 25 September 2019. 
  17. ↑ "IBM to Acquire Instana as Company Continues to Advance its Hybrid Cloud and AI Strategy" (in en-us). https://newsroom.ibm.com/2020-11-18-IBM-to-Acquire-Instana-as-Company-Continues-to-Advance-its-Hybrid-Cloud-and-AI-Strategy. 



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