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SOASTA has raised $62.0M across 6 funding rounds.
SOASTA has raised $62.0M in total across 6 funding rounds.
SOASTA was a technology company specializing in cloud-based testing and performance analytics for websites and web applications.[1][2][4] It developed products like CloudTest for load and performance testing using Amazon EC2 to simulate thousands of simultaneous users, mPulse for real-time real-user monitoring on mobile and web, and TouchTest for functional testing of multitouch mobile apps.[1] SOASTA served digital businesses needing to ensure web and mobile performance, solving problems like scalability under high traffic, real-user experience insights, and automated testing to prevent downtime.[1][4] Founded in 2006 and acquired by Akamai in April 2017, it integrated into Akamai's offerings, establishing it as a leader in performance measurement before the acquisition.[1][4]
SOASTA was founded in 2006 by Ken Gardner, a software industry veteran with over 35 years of experience, including founding Sagent (IPO in 1999), ReportSmith (sold to Borland), and Iteration Software (sold to Oracle).[1][2] Tom Lounibos became CEO in September 2006, bringing expertise from roles at Kenamea, Dorado Corp., Sagent Technology (IPO), and Crosspoint Venture Partners.[1][2] The idea emerged from the need for cloud-powered testing as web apps grew complex, harnessing Amazon EC2 for scalable simulations.[1] Early traction included a $6.4 million funding round in September 2008 from Formative Ventures, Canaan Partners, and The Entrepreneur's Fund, plus alliances like SAVVIS in December 2008 and ProtoTest in 2012.[1] This momentum led to Akamai's acquisition in April 2017.[1]
SOASTA rode the early 2000s cloud computing wave and the explosion of web/mobile apps, where poor performance could lose users—timing perfectly with AWS EC2's rise for scalable testing.[1] Market forces like e-commerce growth, SaaS adoption, and mobile app surges favored it, as businesses needed tools to handle Black Friday-scale traffic without crashes.[1][4] It influenced the ecosystem by pioneering cloud testing, now standard in DevOps, and its Akamai integration expanded performance tools to edge computing and CDN users, shaping how companies optimize digital experiences at scale.[1][4]
Post-2017 Akamai acquisition, SOASTA's tech endures within Akamai's mPulse and performance suite, evolving with AI-driven analytics and edge delivery trends.[1][4] Next steps likely involve deeper AI integration for predictive testing amid rising zero-trust and real-time apps. As web3, IoT, and 5G amplify performance demands, its legacy bolsters Akamai's dominance, potentially expanding to metaverse or AR testing—reinforcing SOASTA's foundational role in ensuring digital reliability from startup to scale.[1]
SOASTA has raised $62.0M in total across 6 funding rounds.
SOASTA's investors include Canaan Partners, CRV, Meritech Capital Partners, Moment Ventures, Forest Baskett, Scott Sandell, Parade Ventures, Pelion Venture Partners, Gil Penchina, Chris Schaepe, Rob Solomon, Tirto Adji.
SOASTA has raised $62.0M across 6 funding rounds. Most recently, it raised $30.0M Series E in August 2013.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2013 | $30.0M Series E | Canaan Partners, CRV, Meritech Capital Partners, Moment Ventures, Forest Baskett, Scott Sandell, Parade Ventures, Pelion Venture Partners, Gil Penchina, Chris Schaepe, Rob Solomon, Tirto Adji | |
| Dec 1, 2011 | $12.0M Venture Round | Canaan Partners, CRV, Meritech Capital Partners, Moment Ventures, Forest Baskett, Scott Sandell, Parade Ventures, Pelion Venture Partners, Gil Penchina, Chris Schaepe, Rob Solomon, Tirto Adji | |
| Nov 1, 2009 | $10.0M Series C | Canaan Partners, CRV, Meritech Capital Partners, Moment Ventures, Forest Baskett, Scott Sandell, Parade Ventures, Pelion Venture Partners, Gil Penchina, Chris Schaepe, Rob Solomon, Tirto Adji | |
| Sep 1, 2008 | $6.0M Series B | Canaan Partners, CRV, Moment Ventures, Parade Ventures, Gil Penchina, Rob Solomon, Tirto Adji | |
| Jan 1, 2007 | $2.0M Series B | Canaan Partners, Parade Ventures, Gil Penchina, Rob Solomon, Tirto Adji | |
| Apr 1, 2006 | $2.0M Series A | Canaan Partners, Parade Ventures, Gil Penchina, Rob Solomon, Tirto Adji |