Snapt Inc
Provide load balancing, web acceleration, caching and security for critical services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | $3.7m | Series A | |
| Total Funding | 000k | ||
| USD | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 93 % | 17 % | 12 % | 32 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Snapt, founded in 2012 by Dave Blakey, operated as a provider of application delivery controller (ADC) software. The company was based in Atlanta, Georgia, and aimed to disrupt the market by offering solutions for companies of all sizes.
The company's core product was the Snapt ADC, a platform designed to ensure websites and services remained online, fast, and secure. It provided functionalities such as load balancing, web acceleration, caching, and security for critical services. Snapt's platform was built to be easy to use and deploy in various environments, catering to modern use-cases. The target clientele for Snapt's offerings spanned various sectors including e-commerce, TMT, banking, and government.
Throughout its operation, Snapt secured a total of $4.5 million in funding over three rounds. Its first seed round was in 2012 for $350,000 from 4Di Capital. This was followed by another seed round of $1 million in May 2016 led by Convergence Partners. The final funding was a Series A round of $3 million on December 5, 2018, with lead investors Nedbank and Sanari Capital. The company is now listed as dead-pooled.
Keywords: Snapt, application delivery controller, ADC, load balancing, web acceleration, caching, network security, Dave Blakey, Convergence Partners, 4Di Capital, Nedbank, Sanari Capital, application delivery software, virtual load balancer, website security, online services, infrastructure software