California-based cloud and mobile testing company Soasta Inc announced that it was able to raise a total of USD 30 million in growth-stage funds. The funds were courtesy of Macquarie Capital and ROTH Capital, both new investors, as well as from existing backers Canaan Partners, Formative Ventures and Pelion Venture Partners. Soasta said it will be using the funds to strengthen its position in the industry as well as to expand its operations worldwide. Soasta's products include the CloudTest platform and a Real User Monitoring product called mPulse.
Soasta CEO Tom Lounibos said the recent funds will accelerate their efforts at expansion and enable them to come up with more innovative products and services. "Delivering quality online user experiences are a critical component to sustaining ones Brand. As demands of online users continue to grow, we stay ahead of the market by providing companies with predictive analytics to better understand what real users actually experience," he said in a press release.
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