New Relic snags early-stage serverless monitoring startup IOpipe

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New Relic snags early-stage serverless monitoring startup IOpipe – TechCrunch




























As we move from a world dominated by virtual machines to one of serverless, it changes the nature of monitoring, and vendors like New Relic certainly recognize that. This morning the company announced it was acquiring IOpipe, a Seattle-based early-stage serverless monitoring startup, to help beef up its serverless monitoring chops. Terms of the deal weren’t disclosed.

New Relic gets what it calls “key members of the team,” which at least includes co-founders Erica Windisch and Adam Johnson, along with the IOpipe technology. The new employees will be moving from Seattle to New Relic’s Portland offices.

“This deal allows us to make immediate investments in onboarding that will make it faster and simpler for customers to integrate their [serverless] functions with New Relic and get the most out of our instrumentation and UIs that allow fast troubleshooting of complex issues across the entire application stack,” the company wrote in a blog post announcing the acquisition.

It adds that initially the IOpipe team will concentrate on moving AWS Lambda features like Lambda Layers into the New Relic platform. Over time, the team will work on increasing support for serverless function monitoring. New Relic is hoping by combining the IOpipe team and solution with its own, it can speed up its serverless monitoring chops.

Eliot Durbin, an investor at Bold Start, which led the company’s $2 million seed round in 2018, says both companies win with this deal. “New Relic has a huge commitment to serverless, so the opportunity to bring IOpipe’s product to their market-leading customer base was attractive to everyone involved,” he told TechCrunch.

The startup has been helping monitor serverless operations for companies running AWS Lambda. It’s important to understand that serverless doesn’t mean there are no servers, but the cloud vendor — in this case AWS — provides the exact resources to complete an operation, and nothing more.

IOpipe co-founders Erica Windisch and Adam Johnson

Photo: New Relic

Once the operation ends, the resources can simply get redeployed elsewhere. That makes building monitoring tools for such ephemeral resources a huge challenge. New Relic has also been working on the problem and released New Relic Serverless for AWS Lambda earlier this year.

As TechCrunch’s Frederic Lardinois pointed out in his article about the company’s $2.5 million seed round in 2017, Windisch and Johnson bring impressive credentials:

IOpipe co-founders Adam Johnson (CEO) and Erica Windisch (CTO), too, are highly experienced in this space, having previously worked at companies like Docker and Midokura (Adam was the first hire at Midokura and Erica founded Docker’s security team). They recently graduated from the Techstars NY program.

IOpipe was founded in 2015, which was just around the time that Amazon was announcing Lambda. At the time of the seed round the company had eight employees. According to PitchBook data, it currently has between 1 and 10 employees, and has raised $7.07 million since its inception.

New Relic was founded in 2008 and has raised more than $214 million, according to Crunchbase, before going public in 2014. Its stock price was $65.42 at the time of publication, up $1.40.


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2019″,”slug”:”disrupt-berlin-2019″,”taxonomy”:”tc_event”,”rapidData”:{“pt”:””,”pct”:””},”_links”:{“self”:[{“href”:”https://techcrunch.com/wp-json/wp/v2/tc_event/576608071″}],”collection”:[{“href”:”https://techcrunch.com/wp-json/wp/v2/tc_event”}],”about”:[{“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/tc_event”}],”up”:[{“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event/579419″}],”wp:post_type”:[{“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tc_event=576608071″},{“href”:”https://techcrunch.com/wp-json/wp/v2/tc_events?tc_event=576608071″},{“href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tc_event=576608071″}],”curies”:[{“name”:”wp”,”href”:”https://api.w.org/{rel}”,”templated”:true}]}}]]}},{“id”:1907164,”date”:”2019-11-01T14:28:49″,”date_gmt”:”2019-11-01T21:28:49″,”guid”:{“rendered”:”https://techcrunch.com/?p=1907164″},”modified”:”2019-11-01T14:58:09″,”modified_gmt”:”2019-11-01T21:58:09″,”slug”:”reaction-engines-mach-5-engine-is-just-the-tip-of-the-new-aerospace-boom”,”status”:”publish”,”type”:”post”,”link”:”https://techcrunch.com/2019/11/01/reaction-engines-mach-5-engine-is-just-the-tip-of-the-new-aerospace-boom/”,”title”:{“rendered”:”Reaction Engines’ Mach 5 engine is just the tip of the new aerospace boom”},”content”:{“rendered”:”

Imagine a hypersonic passenger aircraft that would cut the journey time between London and New York to around two hours. At Mach 5, oru00a0five times the speed of sound, the aircraft wouldu00a0complete a trip across the Atlantic in around 120 minutes. Mach 5 is more than twice as fast as the cruising speed of Concorde and over 50% faster than the SR-71 Blackbird u2013 the worldu2019s fastest jet-engine powered aircraft. A flight across the Pacific would take roughly three hours.u00a0Flight times from London to Sydney could be 80% shorter.u00a0Who needs Elon Musk?n

Reaching these speeds would require an aircraft engine that has never previously existed. But last week, the world got a glimpse of a new future via a project which has been germinating for 30 years.n

Reaction Engines was founded in 1989 by three propulsion engineers from Rolls Royce: Alan Bond, Richard Varvill and John Scott Scott. Their idea was that in order for an engine to reach hypersonic speeds, the air going into it would have to be rapidly cooled, otherwise the engine would melt. Reactionu2019s breakthrough was inventing a “precooler” or heat exchanger which can take the air down to minus 150 degrees centigrade in less than a 20th of a second.n

These ultra-lightweight u201cheat exchangersu201d would enable aircraft to fly over five times the speed of sound in the atmosphere. Thus the SABRE – Synergetic Air-Breathing Rocket Engine – was born. The Sabre engine u201cbreathesu201d air to make 20 per cent of the journey to orbit, before switching to rocket mode to complete the trip.n

Last week, Reaction Engines passed a significant milestone. It successfully tested its innovative precooler at airflow temperature conditions representing Mach 5.n

The ground-based test at the Colorado Air and Space Port in the US, saw the precooler successfully operate at temperatures of 420u1d52C (~788u1d52F) u2013 matching the thermal conditions corresponding to Mach 3.3 flight.n

"Reactionn

But this technology wouldnu2019t just be applicable to hypersonic flight. The precooler technology, developed by Reaction Engines, would significantly enhance the performance of existing jet engine technology, along with applications in automotive, aerospace, energy and industrial processes. Reaction Engines has attracted development funding from the British government, the U.S. Defense Advanced Research Projects Agency (DARPA) and the European Space Agency. Itu2019s also raised over u00a3100m from public and private sources and has secured investment from BAE Systems, Rolls-Royce and Boeingu2019s venture capital arm HorizonX. Reaction is expected to start building and testing a demonstrator engine next year.n

The success of Reaction Engines to date is a sign that the u2018AerospaceTechu2019 sector is now booming. It is most certainly not alone.n

Last month, Boeing and the UK government launched a u00a32m accelerator program to look for new innovations in this area. Boeingu2019s HorizonX is backing the initiative.n

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