Instabug, a software start-up founded in Egypt and based in the US that provides bug and crash reporting for mobile applications, has raised $46 million to further develop its platform and expand its customer base.
The second round of funding, also referred to as Series B, was led by New York-based technology investor Insight Partners, which has $90 billion in regulatory assets under management and more than 600 companies in its portfolio.
Existing investor Accel, as well as new participants Forgepoint Capital and Endeavor, also contributed.
“Leaders in industries spanning banking, transportation, retail and education have realised mobile applications are the primary way customers will experience their brands and products,” said Omar Gabr, chief executive and co-founder of Instabug.
“This new capital will help us develop more strategic partnerships with these enterprises as they increase investment in a mobile-first approach to customer engagement.”
App usage was boosted by stay-at-home directives during the Covid-19 pandemic and has continued to grow. Global consumer spending in mobile apps reached $133 billion last year, up nearly 20 per cent from 2020, according to market intelligence provider Sensor Tower.
Last year, Egyptian start-ups raised a record $491m in 147 deals and attracted the highest percentage of foreign investors in the Mena region, according to data platform Magnitt.
Founded in 2016, Instabug achieved record growth last year, reaching more than 2.7 billion mobile devices, processing more than 110 billion mobile sessions and 4.2 billion issues.
More than 25,000 mobile apps from independent developers and large companies, such as DoorDash, InterContinental Hotels Group, Porsche and Verizon, use its product.
The latest funding will be used to build a mobile observability and performance monitoring platform that goes beyond fixing problems as they happen. The observability enables developers to identify areas of poor performance before they cause any issues.
“Instabug is strongly positioned to lead the nascent mobile app observability and monitoring space,” said Ganesh Bell, managing director at Insight Partners. “Its leadership has a deep understanding of the needs faced by mobile-focused/mobile-first organisations and developers.”
Instabug started with $10,000 in funding from accelerator Flat6Labs Cairo before it was accepted into the well-known US accelerator Y Combinator in 2016. It received $1.7m in seed funding from Y Combinator and Palo Alto-based Accel.
In 2020, Instabug raised $5m in series A funding led by Accel, with participation by Cloudera co-founder Amr Awadallah and MoPub founder and chief executive Jim Payne.
The company is now headquartered in San Francisco with a predominantly Cairo-based engineering team.
Dunki
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rajkumar%20Hirani%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Taapsee%20Pannu%2C%20Vikram%20Kochhar%20and%20Anil%20Grover%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
On sale: now
UAE currency: the story behind the money in your pockets
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Pox that threatens the Middle East's native species
Camelpox
Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.
Falconpox
Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.
Houbarapox
Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.
Jebel Ali results
2pm: Handicap (PA) Dh 50,000 (Dirt) 1,400m
Winner: AF Al Moreeb, Antonio Fresu (jockey), Ernst Oertel (trainer)
2.30pm: Maiden (TB) Dh 60,000 (D) 1,400m
Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard
3pm: Handicap (TB) Dh 64,000 (D) 1,600m
Winner: One Vision, Connor Beasley, Ali Rashid Al Raihe
3.30pm: Conditions (TB) Dh 100,000 (D) 1,600m
Winner: Gabr, Sam Hitchcott, Doug Watson
4pm: Handicap (TB) Dh 96,000 (D) 1,800m
Winner: Just A Penny, Sam Hitchcock, Doug Watson
4.30pm: Maiden (TB) Dh 60,000 (D) 1,600m
Winner: Torno Subito, Sam Hitchcock, Doug Watson
5pm: Handicap (TB) Dh 76,000 (D) 1,950m
Winner: Untold Secret, Jose Santiago, Salem bin Ghadayer
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The view from The National
Water waste
In the UAE’s arid climate, small shrubs, bushes and flower beds usually require about six litres of water per square metre, daily. That increases to 12 litres per square metre a day for small trees, and 300 litres for palm trees.
Horticulturists suggest the best time for watering is before 8am or after 6pm, when water won't be dried up by the sun.
A global report published by the Water Resources Institute in August, ranked the UAE 10th out of 164 nations where water supplies are most stretched.
The Emirates is the world’s third largest per capita water consumer after the US and Canada.
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