Crittercism gets funding
To make things just a bit easier for the mobile apps user community, your mobile apps performance tracker gets another round of funds. As you probably know, some major digital businesses Netflix, Yahoo, or LinkedInget their mobile apps monitored by a cleverly called company, Crittercism. This company’s primary service is tracking the performance of mobile apps.
As the number of high-profile businesses who have adopted this technology continues to grow, this company will have a better chance of prospering in the market, even more so with its recent funding. Crittercism just announced a $30 million capital funding round from Scale Venture Partners, with participation from InterWest Partners, Accenture, and VMware. An interesting point to note is that VMware’s participation in the funding establishes its willingness to support Crittercism in future technological breakthroughs.
The funding will be used to upgrade the company’s existing technology and services. Crittercism is a market leader distinguishing itself from its competitors by providing a wide-range support of carriers, operating systems, and apps monitoring services. Their monitoring tool has the capability for setting alerts that can be programmed to go off when the apps performance degrades.
Andrew Levy, co-founder and chief executive officer of Crittercism, told VentureBeat in an interview,
At the end of the day, you can’t manage mobile apps with web technology. They have their own set of issues and a set of problems that our product addresses. I’d say our product is at least 18-24 months ahead of everyone else in the market.
To date, the San Francisco-based Crittercism has raised a total $48.7 million. Starting out in 2011, the company has a current employee strength of 70+, which they hope to expand to 130 by year end.
Fundbox raises capital funding
Fundbox does not apply the same parameters of measuring a potential business’s credit-worthiness the assessment criteria are appropriately tailored to match a particular business’s operating characteristics. This way, Fundbox goes an extra mile in ensuring that their investment risks are suitably adjusted. With the recent spurt of venture capital funding pouring into the company, Fundbox is well positioned to explore more investment possibilities.