Menu

IoT FEATURE NEWS

Apica Systems Raises Millions for Performance Monitoring & Testing

By

Apica Systems, performance monitoring and testing solutions provider, announced recently it has raised in $12.7 million in new funding by the existing investors Industrifonden, SEB Venture Capital, Oxx and KTH Chalmers Capital.

This new investment will be leveraged to grow product offerings, expand talent base and increase global market share. Apica’s strong deal closures and expansion strategies are the key drivers of the new investment round.

“This new round of funding from our existing investors expresses their confidence in us and the momentum we have achieved to date,” said Sven Hammar, CEO, Apica. This investment will support the expansion of our teams in North America and Globally to address the challenges enterprise organizations face in managing complex applications.”

Apica was founded in 2005 in Stockholm, Sweden, and now has offices in New York, Los Angeles and London. Customers include companies such as Scholastic, Klarna, Q2ebanking, Etihad and Sweden’s TV4.

“Apica is a quintessential Oxx investment. There is market excitement in what they do, it’s run by a very strong team of professionals and they have great traction within their target market segments,” said Mikael Johnsson, Oxx General Partner. “The need for performance testing and monitoring is growing as more and more organizations are under pressure to deliver applications and services faster and more reliably. Apica is at the center of this market trend and is positioned well in meeting the demands required to deliver on application performance needs.”


Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

SHARE THIS ARTICLE
Related Articles

Eric Simone Pivoted to IoT Early and the Strategy Paid Off

By: Arti Loftus    9/13/2019

Given Simone's colorful history and accomplishments in scaling connected systems at an unusually high scale, we're sharing his vision for IoT as part …

Read More

Actility and Hiber Team Up on Remote IoT Connectivity

By: Ken Briodagh    9/12/2019

LoRaWAN company and nano-satellite powered network collaborate to open up remote & developing parts of the world for logistics, agriculture, oil & gas…

Read More

Fleet Space Technologies Raises $7 Million to Advance Space IoT Connectivity

By: Ken Briodagh    9/10/2019

Fleet Space Technologies has raised $7.35 million from global funds, including Momenta Ventures and Horizons Ventures, to deliver ubiquitous Internet …

Read More

Finding IoT Success Through Folding IT and OT Together

By: Ken Briodagh    9/10/2019

In a recent webinar produced in partnership between Microland and IoT Evolution, attendees heard from presenter Christopher Collins, Senior Director, …

Read More

NB-IoT Poised to Take Off, Waiting for a Trigger

By: Special Guest    9/9/2019

Narrow Band IoT is generally viewed as a likely winner in the LPWA IoT battle but seems still to be on the point of taking off, not yet transitioning …

Read More