Start your week off right with our data-driven roundup of deals and M&A news from San Francisco and Silicon Valley. $18 million—New venture funding for solar photovoltaic module manufacturer Tigo Energy of Los Gatos, CA. New investor Bessemer Venture Partners joined all of Tigo’s existing backers in the round, including Generation Investment Management, Inventec Appliances Corp., Matrix Partners, OVP Venture Partners, and ICVGeneration.
With the speed at which products get released online, it's tempting to not test services or products before they go to production. But most companies don't take the chance of having their service fail without ensuring that it works as it scales. After all, who wants their site to collapse under stress? SOASTA, a provider of mobile and Web testing tools as a service, announced Monday morning that it's raised $12 million in new funding to help companies ensure a fail-safe environment for a massive onslaught of users. The round was led by The Entrepreneur's Fund. Earlier investors Canaan Partners, Formative Ventures, and Pelion Venture Partners, participated as well.
SOASTA®, Inc., an innovator in the emerging and important field of cloud-based performance and load testing, announced it has secured $12 million in funding. The press release detailing the completion of this round identified The Entrepreneurs' Fund as the lead, with participation from prior investors Canaan Partners, Formative Ventures, and Pelion Venture Partners. Proceeds will be used to: Accelerate international expansion Fund initiatives in web and specifically mobile testing
Soasta Inc. has secured $12 million in funding for its cloud-based app-testing platform. The funding was led by the Entrepreneurs' Fund, with previous investors Canaan Partners, Formative Ventures and Pelion Venture Partners also participating.
December 12, 2011, 12:28 PM — Cloud-based performance testing vendor SOASTA on Monday announced a $12 million round of financing from several venture funds. SOASTA said in a press release it would use the proceeds to ramp up international expansion and further develop the testing of mobile applications.
Soasta, a provider of cloud-based performance testing solutions, announced Monday it has raised $12 million in funding led by The Entrepreneurs’ Fund, with participation from prior investors Canaan Partners, Formative Ventures, and Pelion Venture Partners. The company said in a press release that it plans to use the funds to accelerate its international expansion and to “support its technology leadership position in web and mobile testing through increased investments in the burgeoning mobile testing market.”