Catchpoint Systems, Inc., a New York-based provider of innovative web and infrastructure monitoring solutions, closed a $3.2m Series A financing.
The round was led by Battery Ventures.
The company intends to use the capital for product development, recruiting and market expansion.
Founded in September 2008 by Mehdi Daoudi, CEO, Catchpoint offers web performance and application monitoring tools that provide real-time analytics to help IT quickly discover and resolve performance issues.
The company has more than 100 customers.
In conjunction with the investment, Neeraj Agrawal of Battery Ventures will join Catchpoint’s Board of Directors.