Dark Clouds Be Gone: Apica Raises $5M From SEB, Others To Keep SaaS Services Running Without A Hitch
Here's a timely funding announcement: Apica, a company that offers a solution that enterprises can use to keep their cloud-based apps running smoothly -- even when there are problems in the clouds -- has just raised $5 million to continue expanding its services. The news comes after a weekend that saw several popular services like Instagram and Netflix collapse after a major storm knocked out one of Amazon's major data centers in North Virginia.
The $5 million announced today will be used for product development, marketing and expanding particular services in the U.S. around server testing capacity for the company's clould and mobile testing and monitoring services. It is a Series C round and was led by SEB Venture Capital, with existing investors Industrifonden, ALMI Invest, and KTH Chalmers Capital all participating.
source: techcrunch.com
2 Jul 2012
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