CoScale, a Ghent, Belgium-based IT company offering a SaaS platform that provides insights in the performance of web applications, received €2m in funding.
Backers included Gimv Arkiv Tech Fund II and Qbic Arkiv Fund, which injected €750k each and SOFI (PMV), which committed €500k.
The funds will be used to further develop the domestic and foreign market, and to continue the development of the product.
Led by CEO Hans Witdouck, CTO Stijn Polfliet and Master Researcher Frederick Ryckbosch, CoScale monitors and analyzes slow webpages, shows their impact on the turnover and uses advanced analytics to give insights on the cause of the problem, whether they are application, network or infrastructure related. ù
The software is used by companies and web agencies.