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United States : BLAZEMETER secures $6.5 million in series A financing

May 16, 2014

BlazeMeter announced that it secured $6.5 million in series A financing. The financing round was led by YL Ventures and joined by Glilot Capital Partners.

The funding will be used to develop BlazeMeter's mobile testing platform and establish leadership in the mobile testing market for application performance.

It will be used to help grow BlazeMeter's business in North America by establishing its US headquarters.

To engage with BlazeMeter at this stage in the company's development. It s performance testing technology is a solution that has been a success with more than 500,000 tests conducted over 50,000 users. It brings new levels of ease of use to market for developers, which has contributed to its growth among Fortune 100 customers.

It is moving toward a continuous deployment model, and since performance is escalating it is a concern for a business like this as it has to do performance tests before certain components of the system is released. BlazeMeter can be used to do an automated performance test with a structured result that can be used to validate that the software performance is there before it has been pushed it to production.

BlazeMeter provides a single, cloud-based platform for performance testing needs throughout an application's lifecycle, from early development to production performance testing and post-production monitoring.

YL Ventures and Glilot Capital Partners both support BlazeMeter's vision for bringing simple scalability to Web and mobile app development and testing. BlazeMeter enables companies to run tests in minutes scaling from 1,000 to more than 1,000,000 concurrent users across multiple geographic locations.

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Source: TendersInfo (India)