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Announced

Completed

Insight Partners led a $35m Series B round in Shoreline.io.

Financials

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Transaction Value£26m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

incident automation

Venture Capital

Software

Private Equity

software development

Cross Border

United States

Acquisition

Friendly

Minority

Single Bidder

Synopsis

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Insight Partners, a New York-based global private equity and venture capital firm, led a $35m Series B round in Shoreline.io, the Incident Automation company. "Production operations is broken — there is too much downtime, too many mistakes, and too much repetitive work fixing the same incidents again and again. Shoreline Incident Automation improves availability, reduces costs, and, most importantly, gives engineers time back to build, create, and grow their services. At Shoreline, we believe if anyone, anywhere, diagnoses and automates an incident, everyone, everywhere, should benefit from their shared solution. This round enables us to deliver against this vision," Anurag Gupta, Shoreline.io Founder and CEO.

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