SOASTA Raises $12M in Funding

SOASTA, Inc., a Mountain View, California-based provider of cloud-based performance testing solutions, has raised $12m in funding.

The round was led by The Entrepreneurs’ Fund, with participation from existing investors Canaan Partners, Formative Ventures, and Pelion Venture Partners.

The company intends to use the funding to accelerate its international expansion and invest in the mobile testing market.

Led by CEO Tom Lounibos, SOASTA provides products and services that leverage cloud computing to test the performance of consumer-facing web and mobile applications at scale.
The company already has a base of more than 3,000 customers including well-known brands in the financial services, media, telecommunications, consumer packaged goods, and technology industries.
Customers include American Girl, Chegg, Gilt Groupe, Hallmark, Intuit, Microsoft and Netflix, among the others.



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