Datapath.io, a Mainz, Germany-based developer of a network performance management solution, raised €965k ($1.1m) in funding.
Backers included Target Partners and Speedinvest.
The company intends to use the capital to grow their engineering and sales teams, and expand its global network.
Founded in Germany in 2015 by CEO Sebastian Spies and COO Sascha Coldewey, Datapath.io has developed a network performance management solution for companies which need to optimize access to their applications. To provide their service, the solution analyzes over 15 terabytes of performance data from over 70 network nodes worldwide. The Internet traffic routes between applications and end users are then optimized based on time, cost, availability, and bandwidth, depending on the needs of the customer (for example, in adtech, e-commerce or online gaming).
The company, which has has ten employees and ten customers, including large adtech and e-commerce companies. The platform is available as a SaaS or on-premise solution, had received earlier seed funding from Jochen Tuchbreiter (founder of domainfactory), Christian Henschel and Paul H. Müller (two founders of adjust GmbH), Maximilian Claussen (ex-Earlybird Principal), and the Techstars accelerator.
FinSMEs
18/02/2016