SOASTA builds Digital Performance Management products including its mPulse Real User Monitoring and the CloudTest platform, the company’s flagship large-scale testing solution. The company reported a record fourth quarter with its highest quarterly bookings and 63 new customers in that quarter, and 196 new customers for the fiscal year. SOASTA has more than 35,000 registered users of its performance analytics platform, has performed over 100 million tests, and measured more than 200 billion user experiences; its mPulse community grew 140% year‑over‑year. Customers include more than 500 large digital brands and 49 of the Top 100 Internet retailers, with named users such as Barnes & Noble, FreshDirect, Ancestry.com, 1‑800 Contacts and REI. SOASTA plans to use new capital to ramp growth and continue to drive leadership in the emerging multi‑billion‑dollar DPM market by expanding its performance and customer‑experience offerings. SOASTA provides cloud and mobile test automation and real-user monitoring solutions, including CloudTest, TouchTest and mPulse, that enable developers, QA and IT operations to test and monitor users at scale. Its platform streamlines test creation, automates provisioning and execution, and analyzes real user behavior in real time to deliver actionable intelligence. The company lists customers such as Avaya, American Girl, Bonobos, Backcountry.com, Chegg, Experian, Gilt Groupe, Hallmark, Intuit, Microsoft and Netflix. SOASTA plans to use the new funding to expand globally by adding marketing, sales and development resources to fortify its position in mobile and web testing and real-user monitoring. The company highlighted recent industry recognition, including being named a “Leader” in Gartner’s 2013 Magic Quadrant for Integrated Software Quality Suites and winning Best RUM at the 2013 Velocity Conference. SOASTA is privately held and headquartered in Mountain View, Calif. SOASTA offers CloudTest, a platform that enables developers to test and monitor web and mobile application performance, available as an on-demand cloud service or as virtual and hardware appliances. CloudTest detects bugs, measures load times, and assesses stability under traffic spikes. Many retailers use the platform to test new features and ensure stability during high-traffic events. The company counts six of the top 10 retailers (including Target, Best Buy, and Gilt Groupe) among its customers and serves roughly 3,000 companies across financial services, media, telecommunications, consumer packaged goods, and technology. SOASTA raised $12 million in the current financing, bringing its total funding to $33 million. The company intends to use the new capital for international expansion and product development in mobile testing. Soasta offers a browser-based testing service called CloudTest On-Demand that lets users describe website workflows (for example, logging in or browsing) and run large-scale tests. Users log onto the service, define the processes to examine, and Soasta returns extensive results to help find and fix issues. The company says it has performed testing for clients including Best Buy, MySpace, SAP, and Zappos.com. Soasta is based in Mountain View, Calif. The company raised $10 million in a third round led by UV Partners, with participation from existing investors Canaan Partners, Formative Ventures, and The Entrepreneurs' Fund. This new round follows prior financings in which the company previously raised $8.4 million.

Total raised

$82M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Mar 2016