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

myDevices and Arm Partner to Simplify IoT

By: Ken Briodagh    10/18/2018

Combining myDevices' IoT in a Box technology with Arm Pelion IoT Platform creates an easy onboarding experience while providing enterprise-grade IoT c…

Read More

Afero Creates "Bank of Things" In Collaboration With MUFG

By: Ken Briodagh    10/17/2018

Afero has pointed the finger at the emerging world of IoT banking working to enable things to pay each other via secure micropayments, blockchain, and…

Read More

City of Tampere, Finland, Publishes The Smart City Cookbook

By: Ken Briodagh    10/17/2018

The city of Tampere, Finland has published "The Smart City Cookbook" to provide a guide that cities and other smart city program leaders can use when …

Read More

RoboticsX Opens New R&D Facility in Slovenia

By: Ken Briodagh    10/17/2018

According to a recent announcement, RoboticsX has opened a new research and development center in Ljubljana, the capital of Slovenia.

Read More

C3 and AWS Expand Collaboration to Drive Enterprise AI Adoption

By: Ken Briodagh    10/17/2018

C3 and AWS establish market development fund to fuel adoption of AI across commercial and public sector organizations

Read More