# Specto

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.specto.dev
- Total disclosed funding: $3.3M
- Latest round: Seed (Jun 11, 2021)
- Investors on record: 5

## About

Specto Inc. specializes in performance monitoring solutions for backend and mobile applications, offering tools that help developers identify and resolve performance issues effectively.Founded in 2019 and headquartered in San Francisco, US, Specto Inc. focuses on application performance monitoring. The company has completed three deals, with its most recent funding round being a Seed round raising USD 3.25 mn from notable investors including Bain Capital, Fuel Capital, and SV Angel. In November 2021, Specto was acquired by Functional Software, Inc., a portfolio company of Accel and New Enterprise Associates.Specto offers a suite of performance monitoring and error tracking solutions, primarily focusing on backend and mobile applications through its Continuous Profiling tool. This product enables developers to identify and understand performance bottlenecks at a granular level, pinpointing issues down to specific functions and lines of code. By continuously profiling applications, Specto helps users detect CPU spikes, deep recursion, and inefficient batch jobs that might otherwise go unnoticed. The service supports multiple platforms, including Browser JavaScript, Python, Node.js, PHP, Android, and iOS, with specific support for frameworks like Laravel and Symfony for PHP, and Swift and Objective-C for iOS. Specto's customer base consists of developers and organizations across various industries that require robust application performance monitoring, potentially spanning North America, Europe, and Asia-Pacific regions.Specto generates revenue through a unit consumption model, allowing customers to pay for only what they need in terms of performance monitoring and profiling services. The company structures its transactions primarily through subscription plans tailored for different user requirements, with costs varying based on the level of service and usage. Customers engage with Specto by integrating their SDKs into applications, enabling performance monitoring features, and subsequently enrolling in specific pricing tiers as their needs evolve. The company’s offerings include flagship products like Continuous Profiling and Performance Monitoring, which are designed to enhance application reliability and user experience. Revenue is primarily derived from B2B relationships, where businesses subscribe to Specto's services for ongoing performance optimization and error tracking support.While specific upcoming product launches have not been detailed, the recent Seed funding of USD 3.25 mn will likely be utilized to enhance product offerings and support market expansion strategies. In light of its acquisition by Functional Software, Inc., Specto may focus on integrating its performance monitoring solutions within a broader suite of developer tools, aiming for a strategic presence in the North American and European markets by 2023.

## Funding rounds

- Seed, Jun 11, 2021, $3.3M — Bain Capital, SV Angel, Susa Ventures, Fuel Capital, Liquid 2 Ventures

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed
- Fuel Capital — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed