OverOps Inc., an Israeli company that provides tools for developers to monitor their applications and understand the root cause of errors, has just raised $30 million in a Series C funding round.
The company says it will use the money to expand its products into the enterprise software market. The round was led by existing investor Lightspeed Venture Partners, with participation from Menlo Ventures, another existing investor.
OverOps’ advantage, according to the company, is that it provides tools with unique capabilities for developers to help them understand where and why things go wrong with their applications. Traditionally, application errors have been a nightmare to fix, because developers had to spend hours digging through log files to find out what caused the problem. Overops’ software adds what the company calls an “intelligence layer” to each log file that provides immediate information on the cause of application errors.
In an email to SiliconANGLE, OverOps Chief Executive Office Tal Weiss said the company was well placed to make further inroads in the enterprise, because there’s no tool on the market that can compete with what it does. Overops’ platform is similar to application performance tools such as those from AppDynamics Inc., which was acquired recently by Cisco Systems Inc., and New Relic Inc., but it goes deeper by providing more insights into application reliability and identifying the exact root cause of code failure, Weiss said.
That’s something no one else can do, he insisted. “[Ours] is the only tool that tells development and operations teams why production code breaks by providing the source code and variable state across the entire call stack for every error and exception,” Weiss said.
Quite a few people believe him, so it seems. Despite being less than six years old, the company already boasts of more than 250 enterprise customers, including Comcast Corp, Samsung Electronics Co. Ltd., Tripadvisor Inc., Kaiser Permanente and many more. But that’s not enough for Weiss, who said he wants to use the new funds to scale the company’s sales, marketing and engineering efforts in both the U.S. and internationally.
“Our main goal is to transform and re-imagine the way machine data is logged and used, to make it 100 times faster and more intelligent,” Weiss said. “Our short-term goals are adding support for more languages and expanding our DevOps offering.”