Mobile App Tester SOASTA Earns $12M

SOASTA, leader in cloud testing, secures $12 million

December 12, 2011

1 Min Read

MOUNTAIN VIEW, Calif. -- SOASTA®, Inc., the leader in cloud-based performance testing, today announced it has secured $12 million in funding. The round was led by The Entrepreneurs' Fund, with participation from prior investors Canaan Partners, Formative Ventures, and Pelion Venture Partners. The proceeds will accelerate the company’s international expansion and support its technology leadership position in web and mobile testing through increased investments in the burgeoning mobile testing market.

SOASTA’s CloudTest Platform is the world’s largest platform for testing the performance of web and mobile applications at scale. Since introducing the first cloud-based performance testing platform in 2008, the company hascontinued to innovate and transform the performance testing market by delivering unprecedented testing speed, scale and affordability through itsproducts and services. The company recently expanded its award-winning CloudTest Platform with functional test automation to deliver the first platform that both software developers and non-programmers can use to build and execute complex functional tests.

“For companies today with a web or mobile presence, the stakes are high and the applications are far more difficult to test,” said Jeff Webber, Managing Director of The Entrepreneurs’ Fund. “As the landscape for testing solutions necessarily evolves to support shorter release cycles, new technologies, more complex architectures and unpredictable consumer demand from a wide range of devices, SOASTA is well positioned to be the category winner. By consistently innovating in ways that leverage the cloud and the new service economy, SOASTA is gaining share in a market dominated by traditional testing giants.”


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