PacketZoom, a startup that helps app developers speed up and optimize app delivery on mobile devices has raised $5 million in Series A funding to scale the development and adoption of its Application Performance Managament and Optimization (APMO) platform.
The round was led by Baseline Ventures, with participation from First Round Capital, Tandem Capital and Arafura Ventures.
The funding comes on the heels of PacketZoom’s launch of a free Mobile APM tool, Mobile IQ, which is bundled with PacketZoom Mobile Expresslane in a single SDK to create the industry’s first complete Mobile APMO (Application Performance Management and Optimization) platform.
Mobile IQ allows developers to analyze, troubleshoot and control app performance, while Mobile Expresslane offers optimization technology that eliminates performance roadblocks such as speed network errors. PacketZoom’s platform also reduces infrastructure and CDN costs significantly.
The funding will be used to continue the company’s business expansion with additional presence in Southeast Asia, Europe and Latin America. The funding will also enable PacketZoom to fill key positions in its executive team.
Shlomi Gian, CEo, PacketZoom
Poor network quality causes mobile app publishers operational challenges and costs them millions in lost monetization opportunities. PacketZoom’s platform is the only solution that’s been designed from the ground up to address these issues. Our platform provides mobile app developers with real-time insights, control and optimization capabilities without needing to make any code changes.
