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.
SOASTA’s CloudTest platform allows developers to test the performance of web and mobile applications. CloudTest is available as an on demand service in the cloud or as an appliance (virtual and hardware), and allows developers to test and monitor apps for bugs, load times and other issues.
For example, many retailers use SOASTA to test new features or load times and stability under high traffic. The company’s customer base includes six of the top 10 retailers (Target, Best Buy, Gilt Groupe) and 3,000 companies in the financial services, media, telecommunications, consumer packaged goods, and technology industries.
The new funding will be used towards the company’s international expansion and to product development in mobile testing.