Tech in Africa
With the world going ever digital, never before have software solutions exploded across the globe. Unfortunately, when bugs appear in these apps, access to goods, services, entertainment, and wor breaks down. Moataz Soliman and Omar Gabr teamed up to find a permanent solution to the bug trouble. The app provides mobile developers with in-app feedback and reporting.
Based in San Francisco, California, the Software-as-a-service (startup) Instabug has secured $5 million in a Series A that was led by Accel. Among the angel investors who participated in this meeting were Amr Awadallah – the co-founder of Cloudera and MoPub CEO and founder, Jim Payne. The company also took part in the 2016 Winter batch of Y Combinator.
The use of smartphones globally has matched if not exceeded the use of personal computers. These handheld devices can do practically anything from steaming live shows to watching sporting games. Phone manufacturers go out of their way to streamline operations and ensure everything is working on point. If harmful bugs are not detected sooner, the issue ends up inconveniencing users. With the tech space being highly competitive, a bug might seem like a small issue but it translates into millions of dollars worth of lost earnings and an irreparable reputation hit.
Instabug CEO pointed out their “excitement” working with Accel since 2016. He pointed put how they grew their revenues by 120 percent over the last year. He also pointed out how the company is “almost profitable.”
