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Sunday, August 14, 2022

Jaan Tallinn backs Plumbr in $700,000 round

Estonia’s software performance error tool Plumbr announces today that it has picked up $700,000 in funding after follow-on funding including Jaan Tallinn, one of the founders of Skype and Kazaa. The round also included Plumbr’s existing investors including Matt Arnold and Sten Tamkivi, and in total has $1.8 million in investment.

The company boasts their tool is the only solution that automatically detects the root causes of Java performance issues, bringing transparency into JVM performance. The company now has 17 employees and more than 100 customers, which sounds much more exciting when realizing these include giants like NASA, NATO, Dell, HBO, Experian and EMC Corporation.

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On the growth side during the last year Plumbr detected 65% more root causes than in 2013, saving more than $25 million in infrastructure and labor costs according to their customer survey.

With the funding Plumbr is going international, setting up a sales office on the east coast of the U.S. “The States is our key market and we’re hiring talented sales persons who want to conquer America,” Plumbr CEO and co-founder Potter says. Already now more than half of Plumbr’s clients come from the US.

“They have invented something unique that every business critical software system needs – an automated way to know what causes software problems that affect end users. If we had had a system like Plumbr back in my Skype days, we would have saved millions of dollars of money and lots of man-hours,” says Jaan Tallinn

Read some past coverage, here

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