SOASTA, a company that provides a cloud-based testing platform for applications, has raised $12 million in funding led by The Entrepreneurs’ Fund, with participation from prior investors Canaan Partners, Formative Ventures, and Pelion Venture Partners. This brings SOASTA’s total funding to $33 million.
Tigo Energy, a Los Gatos, Calif.-based developer of technology to increase efficiency of commercial and residential solar installation, has raised $18 million in new VC funding. Bessemer Venture Partners led the round, and was joined by return backers Generation Investment Management, Inventec Appliances Corp., Matrix Partners, OVP Venture Partners and ICV. The company previously raised around $37 million. www.tigoenergy.com
SOASTA has raised a $12 million Series D round as a throng of competitors jockeys for position behind it. SOASTA’s vision of using cloud resources for load testing is very relevant today as new applications web, mobile and even Facebook applications pop up by the minute.
Dec 12, 2011 - Soasta, a cloud-based performance testing services company, has secured $12 million in its fourth round of funding. This series D round was led by Jeff Webber through The Entrepreneurs’ Fund III and existing investors Canaan Partners, Formative Ventures, and Pelion Venture Partners. The five year old company specializes in performance-testing websites through the cloud with its recently-patented CloudTest visual test creation environment. Soasta can test many functions of a website, including specific front-end features, such as account logins and page loads. Soasta then puts together a report for your website that alerts your company to any issues that may exist. Its services range from a free software download, released this year, to complete turnkey testing services. Soasta’s clients include big names like American Girl, Hallmark, Inuit, and Microsoft.