Appedo, a Chennai-based startup which provides next-gen application performance monitoring (APM) services to app developers, has grabbed a $1 million Seed round from undisclosed private equity sources.
The money raised by the company will be used for product development and expanding its presence internationally.
Neil Popli, founder and CEO of Appedo, said,
Not only do we provide an integrated APM solution that delivers on all performance monitoring and testing services. This funding will help us establish a global presence, continue building a presence among large enterprises and be the first to deliver on real-time, self learning, predictive and mitigation analytics solutions to automate data-driven business decisions.
Appedo offers developers, a comprehensive overview of their app, by collecting millions of data points from their apps and infrastructure, to give you real-time analytics and actionable intelligence. The company provides each of the clients with a customised dashboard solution, which helps developers keep track of even the minytest stat, related to their app.
In Appedo’s words, the company is “planning to change the analytic game” by leveraging self learning and predictive analytics to provide real time and automated self healing and mitigation solutions. It wants to provide solution that can meet the needs of today’s agile organizations across all business functions.
Appedo was founded in 2014 to provide intelligent application performance management (APM), predictive and self healing analytics solutions to businesses of all sizes through a software-as-a-service and private cloud offering.
The company claims to be seeing a 200% growth month over month and is expecting users to increase by 500% by the end of Q3. Currently, the company has 25 employees in Silicon Valley and India and with the recent seed round, is planning to double its employees numbers by Q3.