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Happy to announce a $1M seed round!

November 12, 2013 by Priit Potter Filed under: Plumbr

Plumbr as a company is just north of two years old. During this time the product has detected and reported more than 3,500 memory leaks to our customers. There have been countless more leaks analyzed, torn apart, poked, measured in our labs. And not only leaks – we have got a good understanding of what affects Java application performance in general.

As a result of this, we are getting more and more convinced that we can make Java apps’ performance management easier. So convinced, that we can’t see another way than accelerate our growth and reach for more heights.

We are lucky to see that many people agree with us. And are willing to take on the journey together with us. As covered in TechCrunch, we can today announce the closing of a $1 million seed round, led by a US/UK angel investor Matt Arnold, and including the former head of Skype Estonia Sten Tamkivi and the founders of a global mobile-payment firm Fortumo among others. Thank you!

Plumbr is known for its capability to find and solve memory leaks. The magical  100 paying customers limit has been surpassed. Half of the early adopters are in the United States. Our paying customers include NATO, Dell, and HBO, as well as banks and telecom companies. What next?

Business wise, with the help of recent investment we expect to at least double the customer base during 2014. Team wise, we will be able to grow faster and take on bigger challenges.

But rest assured, most of the effort will be focused on accelerating product development – we do intend to disrupt the space of monitoring and troubleshooting solutions. We still remember the days when we had to use the traditional ways to solve performance problems – when drowning in data made us feel exhausted and unhappy. We are on the path to complete our vision to free thousands of operations and development engineers from endless find-the-needle-in-the-haystack stress and let them concentrate on creating new functionality instead.