Apica, a Swedish load testing and performance monitoring provider for cloud and mobile applications, has closed a $5 million Series C financing led by SEB Venture Capital. Existing Swedish investors Industrifonden, ALMI Invest, and KTH Chalmers Capital also participated in this round.
Apica will use the funds for product development, marketing support, and expanding server and testing capacity for the company’s cloud and mobile testing and monitoring services worldwide, especially in the United States. The young company was founded in 2005, and is based in Stockholm and Palo Alto, with additional offices in London and New York.
Sven Hammar, the CEO of Apica, stated: “This funding will enable us to further enhance our solutions for optimizing application performance and capture a greater share of this profitable cloud services market in the US. SEB Venture Capital supports our vision and aggressive growth model. Along with our existing investors, SEB Venture Capital will help us strengthen Apica’s position as a leading solution provider for load testing and performance monitoring”.
Apica’s WebExcellence suite of services enables organisations to test applications for maximum capacity, daily performance, improved load times and protection from peak loads. The newest addition to Apica’s suite of services is a result of the company’s recent acquisition of the popular web load and stress testing tool capable of simulating more than 1 million simultaneous web users, making it one of the most powerful tools for analyzing and testing the performance and stability of large-scale web applications both internally and in the cloud.
Apica raised $2 million in Series B financing last July, which enabled the Swedish company to expand to the United States. Apica has forged strategic partnerships with cloud providers, including RightScale, Rackspace, and Amazon Web Services, for the testing and monitoring of cloud environments. The company’s load testing and performance monitoring solutions are now also available within the Amazon Web Services Marketplace to optimize performance throughout the entire web experience.
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