# Speedscale

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

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.speedscale.com
- Total disclosed funding: $5.6M
- Latest round: Seed (Dec 30, 2022)
- Investors on record: 6

## About

Based in the US, Speedscale, Inc. is a technology company specializing in Kubernetes-based testing solutions that enhance software development and testing processes for applications, ensuring efficient performance under realistic conditions.Founded in 2020, Speedscale, Inc. provides a unique platform for testing software applications in simulated production environments. The company is headquartered in Atlanta, US. The founders, Ken Ahrens, Matthew LeRay, and Nate Lee, have backgrounds in technology startups. Speedscale has successfully closed three funding deals, including a Seed round in December 2022, raising USD 5.58 mn led by Grotech Ventures, with participation from several notable investors. The total amount raised by the company is USD 5.58 mn, and its current valuation stands at USD 15.47 mn.Speedscale specializes in a suite of tools designed to enhance the development and testing processes for software applications. Their core offering is a traffic-driven testing platform that allows engineering teams to emulate realistic production conditions for their applications in isolated environments. This capability is particularly beneficial for organizations looking to understand dependencies and behaviors under various load scenarios, such as 2x or 10x production traffic. Speedscale's tools enable users to autogenerate mocks tailored to their specific API and database needs, helping them to save on costs associated with large cloud environments. Among their notable clients are IHG Hotels & Resorts and Cimpress, both of which have leveraged Speedscale's platform to streamline their migration processes and improve overall developer productivity. The company primarily serves customers in North America and Europe, focusing on industries that require robust software testing solutions.Speedscale operates a subscription-based revenue model, providing various pricing plans that cater to the differing needs of its clients. The company's offerings are structured to facilitate seamless transactions between Speedscale and its customers, primarily in a B2B context. Clients engage with Speedscale by subscribing to its platform, which includes features such as automated testing, API mocking, and load testing. These services are essential for companies looking to enhance their software development lifecycle and improve deployment speeds. Additionally, partnerships may exist with organizations that seek to integrate Speedscale's technology into their operational frameworks, further expanding its market reach and impact. The specifics of pricing plans for Speedscale's products are tailored to the complexity and scale of the customer's needs, aligning with the company’s commitment to delivering value through its innovative solutions.In December 2022, Speedscale, Inc. raised USD 5.58 mn in Seed funding led by new investor Grotech Ventures, with participation from other investors. The funding will be utilized to expand market operations and accelerate product development. The company plans to launch new products that enhance its testing capabilities and aims to enter additional markets within North America and Europe by the end of 2023.

## Funding rounds

- Seed, Dec 30, 2022, $5.6M — Grotech Ventures, Sierra Ventures, Correlation Ventures, TiE Angels, Tech Square Ventures, CreativeCo Capital

## Investors

- Grotech Ventures (https://capitalatlas.ai/funds/grotech-ventures) — Seed
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Seed
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed
- TiE Angels (https://capitalatlas.ai/funds/tie-angels) — Seed
- Tech Square Ventures (https://capitalatlas.ai/funds/tech-square-ventures) — Seed
- CreativeCo Capital (https://capitalatlas.ai/funds/creativeco-capital) — Seed