Instana raises $30M for its application performance monitoring service

Instana, an application performance monitoring (APM) service with a focus on modern containerized services, today announced that it has raised a $30 million Series C funding round. The round was led by Meritech Capital, with participation from existing investor Accel. This brings Instana’stotal funding to $57 million.
The company, which counts the likes of Audi,Edmunds.com, Yahoo Japan and Franklin American Mortgage as its customers, considers itself an APM3.0 player. It argues that its so