Two prominent venture capital firms are betting that Instana Inc., a rising player in the application monitoring market, can get ahead of the competition.

The startup today announced that it has secured a $30 million funding round led by early Facebook Inc. investor Meritech Capital Partners with the participation of Accel.

The investment brings Instana’s total raised since it started in 2015 to $57 million. According to the startup, the funding follows a quarter in which it increased revenues by more than 600 percent year-over-year.

Instana sells a monitoring platform specifically geared toward applications built using software containers. Enterprises are adopting containers en masse because they’re more efficient than traditional server virtualization and are platform-agnostic, meaning they can be migrated across different types of infrastructure with relative ease.

Containerized applications are characterized by their modularity. The components that make up a workload run as so-called microservices, a collection of loosely coupled containers that may be modified separately from one another. This approach simplifies tasks such as rolling out updates but makes it tricky to understand the inner workings of an application, which is what Instana’s monitoring platform was built to overcome.

The software can automatically map out the structure of a workload and provide visibility into how the individual components interact with one another. Moreover, Instana keeps up with every change made to an application. That’s handy because containerized applications tend to be updated much more frequently than traditional software, in some cases as often as multiple times a day, since their modularity allows developers to modify components faster.

Instana also has an artificial intelligence component. The platform analyzes each issue that it detects, be it a sudden performance drop or an outright outage, and deduces the most likely cause so to speed up troubleshooting efforts.

Instana displays the information in a graphical console that enables users to view the details of each incident, as well as bring up a higher-level view of how an application component’s behavior has changes over time. The startup claims that the platform refreshes the data as often as once per second.

According to instana, today’s funding will be used to expand its product line and address demand in international markets. The startup’s platform is currently used by organizations in more than 20 countries.

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