US-based software error detection platform Bugsnag has secured an amount reported by VentureBeat to be $9m in a round led by GV, the corporate venturing unit formerly known as Google Ventures.
GV, a subsidiary of internet and technology group Alphabet, was joined in the round, which closed in February 2017 but was disclosed late last week, by venture capital firm Benchmark and private equity firm Matrix Partners.
Founded in 2012, Bugsnag has built an automated bug detection tool for software developers that identifies programming errors and allows them to be prioritised in order of importance. It announced the funding as it released the latest version of its product.
Dave Munichiello, general partner at GV, said: “Consumers and digital economy workers alike have near-zero tolerance for application crashes. Most users simply abandon an application if it crashes more than twice.
“As such, the very best software development teams deploy error-monitoring technology to identify, prioritise and group the most important software bugs for remediation. Bugsnag tightens a critical feedback loop for developers, leveraging machine learning to rapidly improve software quality and user experience.”
The company had previously raised $1.4m in a 2013 seed round led by Matrix Partners and backed by angel investors Jason Seats and Andy McLoughlin, before adding $7.2m in a Benchmark-led series A two years later.