Sentry raises $60 million to monitor app performance in real time

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Application performance monitoring startup Sentry today announced it has secured $60 million in series D financing for a post-money valuation of $1 billion. Sentry says the funds will fuel product development and go-to-market functions, as well as hiring across the company’s San Francisco, Toronto, and Vienna offices.

APM concerns tools that help monitor and manage the performance and availability of software apps, and there’s a need for them. Enterprise Management Associates reports that the mean time to repair an app is often between five and seven hours and that as many as four people are typically required to solve a given coding problem or bug.

Dropbox veteran David Cramer and former GitHub product