Instabug is a tool that helps developers with app launches and screen loading issues, allowing them to decipher which type of launch is best for their app, set up and deploy different types of launches, and utilize various features such as filters and metadata to tailor the experience to their needs. The platform also offers a timeline feature that helps with debugging and provides valuable insights into usage patterns and outliers. Additionally, Instabug has recently introduced AI features, which are currently available in its closed beta program for sign-up-only access.