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Dynatrace Acquires Cloud-native Debugging Platform Rookout

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Observability and security platform Dynatrace today announced that it plans to acquire Rookout, a Tel Aviv-based observability startup that focuses on helping developers troubleshoot and debug their code in production.

Publicly traded Dynatrace already offers a comprehensive suite of observability tools, but the addition of Rookout will allow it to expand these services with code-level observability into production environments. Dynatrace expects the transaction to close before September 30.

The two companies did not disclose the acquisition price, but Rookout previously raised a total of $28 million, including a $16 million Series B round it announced a year ago. The company’s investors include the likes of Fort Ross Ventures, TLV Partners, Emerge, Cisco Investment, LIAN Group, Mighty Capital and Binder & Partners.