# HeadSpin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/headspin

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.headspin.io
- Total disclosed funding: $91M
- Latest round: Series C (Feb 25, 2020)
- Investors on record: 13

## About

HeadSpin, Inc. specializes in enhancing digital experiences through its innovative platform that allows for real device testing and performance optimization of mobile, web, and OTT applications.Founded in 2015 by Brien Colwell, Manish Lachwani, Morten Fiskvik, and Rajeev Butani, HeadSpin, Inc. is based in Palo Alto, US. The company focuses on performance testing and optimization solutions, catering primarily to enterprises across various sectors. It has successfully completed a total of 8 deals, with the latest funding round being Series C of USD 1.280 mn raised on March 28, 2023, bringing the total amount raised to USD 1.280 mn and establishing a current valuation of USD 2,131.53 mn.HeadSpin offers a comprehensive platform designed for real device testing across mobile, web, and over-the-top (OTT) applications. Their core product focuses on testing, analyzing, and optimizing app performance through a unified interface that provides deep performance insights, session recordings, and key performance indicators (KPIs) spanning app, device, and network metrics. The platform is integrated with AI capabilities and a Grafana dashboard for data visualization, enabling rapid issue identification and resolution. Targeted primarily at enterprises across various industries, HeadSpin caters to clients in technology, finance, and e-commerce sectors, facilitating a seamless user experience for end-users globally. They have established a robust global device infrastructure that allows testing under real-world conditions on thousands of SIM-enabled devices across over 50 countries, ensuring that their solutions are applicable and relevant in diverse geographical markets like North America, Europe, and Asia.HeadSpin operates on a subscription-based revenue model, offering clients access to their global device infrastructure and performance testing capabilities. This model allows organizations to subscribe to various tiers of service, enabling tailored access to HeadSpin’s tools based on their specific testing needs. Clients engage with HeadSpin through direct transactions, typically involving annual or monthly subscription fees which grant them the ability to utilize comprehensive testing frameworks and performance analytics. The company's services encompass advanced features such as AI-driven issue correlation, regression intelligence, and extensive KPI tracking. By integrating these solutions, HeadSpin supports enterprises in optimizing their app performance and enhancing user engagement, driving significant business value for their clients.In March 2023, HeadSpin, Inc. raised an undisclosed amount of venture funding from new investor Atlassian Ventures. The company plans to utilize this funding to add DevOps tools to its platform and invest in synthetic observability. Future growth strategies include expanding their product offerings and entering new geographic markets, which will be determined as the company scales its operations.

## Funding rounds

- Series C, Feb 25, 2020, $60M — Tiger Global Management, ICONIQ Capital, Alpha Square Group, Dell Technologies Capital
- Series B, Sep 10, 2018, $20M — Battery Ventures, EQT, Nexus Venture Partners, GV, Next World Capital, ICONIQ Capital, Titanium Ventures, DHVC, Reshape Holdings
- Series A, Jul 1, 2015, $11M — Blue Collective

## Investors

- Blue Collective (https://capitalatlas.ai/funds/blue-collective) — Series A
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B
- EQT (https://capitalatlas.ai/funds/eqt) — Series B
- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Series B
- GV (https://capitalatlas.ai/funds/gv) — Series B
- Next World Capital (https://capitalatlas.ai/funds/next-world-capital) — Series B
- ICONIQ Capital (https://capitalatlas.ai/funds/iconiq-capital) — Series B, Series C
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series B
- DHVC (https://capitalatlas.ai/funds/dhvc) — Series B
- Reshape Holdings (https://capitalatlas.ai/funds/reshape-holdings) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- Alpha Square Group — Series C
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series C