Snapt Secures $3 Million in Series A Funding
December 06, 2018

Snapt announced $3 million in series A funding.

This new investment will be used to expand sales and marketing efforts globally, including expansion of its US presence and worldwide channel program, in addition to key research and development initiatives.

As Snapt continues to innovate in the ADC market, the company is working to address the changing nature of network architecture in response to growing data and security concerns, while developing new protocols that define how applications are delivered.

Existing investor Convergence Partners, a prominent impact investment management firm focused on the ICT sector in Africa, has been joined by two additional investors who also see great potential in Snapt’s technology; Nedbank Ltd, through its Corporate and Investment Banking division, which focuses on disruptive innovation, and Sanari Capital, specializing in high-growth emerging market opportunities.

“Our continued investment in Snapt is due to our belief in their vision that there is a software revolution happening, and that their software-based ADC helps developers take advantage of this and optimize their applications and infrastructure at the root,” said Andile Ngcaba, Chairman, Convergence Partners. “We look forward to working with them during their expansion into new markets and opportunities.”

“Snapt offers a new approach to the ADC market, and has made great progress building a solid product,” said Johann van Zyl, of Nedbank CIB’s Venture Capital business. “We are impressed by their strong customer traction in enterprise, and are aligned with their vision of a software-based ADC for DevOps. We see tremendous room for innovation as organizations move to the cloud and deploy containers and other new infrastructure. We look forward to partnering with the very dedicated Snapt team during this next phase of growth.”

“Snapt’s understanding of what today’s networks and engineers need has positioned them at the front of the market for DevOps, enabling modern architecture while benefiting from leading-edge ADC technology,” said Samantha Pokroy, CEO at Sanari Capital. “The team combines its technology leadership with a strong focus on execution and scalability.”

Share this

Industry News

February 02, 2023

Red Hat announced a multi-stage alliance to offer customers a greater choice of operating systems to run on Oracle Cloud Infrastructure (OCI).

February 02, 2023

Snow Software announced a new global partner program designed to enable partners to support customers as they face complex market challenges around managing cost and mitigating risk, while delivering value more efficiently and effectively with Snow.

February 02, 2023

Contrast Security announced the launch of its new partner program, the Security Innovation Alliance (SIA), which is a global ecosystem of system integrators (SIs), cloud, channel and technology alliances.

February 01, 2023

Red Hat introduced new security and compliance capabilities for the Red Hat OpenShift enterprise Kubernetes platform.

February 01, 2023

Jetpack.io formally launched with Devbox Cloud, a managed service offering for Devbox.

February 01, 2023

Jellyfish launched Life Cycle Explorer, a new solution that identifies bottlenecks in the life cycle of engineering work to help teams adapt workflow processes and more effectively deliver value to customers.

January 31, 2023

Ably announced the Ably Terraform provider.

January 31, 2023

Checkmarx announced the immediate availability of Supply Chain Threat Intelligence, which delivers detailed threat intelligence on hundreds of thousands of malicious packages, contributor reputation, malicious behavior and more.

January 31, 2023

Qualys announced its new GovCloud platform along with the achievement of FedRAMP Ready status at the High impact level, from the Federal Risk and Authorization Management Program (FedRAMP).

January 30, 2023

F5 announced the general availability of F5 NGINXaaS for Azure, an integrated solution co-developed by F5 and Microsoft that empowers enterprises to deliver secure, high-performance applications in the cloud.

January 30, 2023

Tenable announced Tenable Ventures, a corporate investment program.

January 26, 2023

Ubuntu Pro, Canonical’s comprehensive subscription for secure open source and compliance, is now generally available.

January 26, 2023

Mirantis, freeing developers to create their most valuable code, today announced that it has acquired the Santa Clara, California-based Shipa to add automated application discovery, operations, security, and observability to the Lens Kubernetes Platform.

January 25, 2023

SmartBear has integrated the powerful contract testing capabilities of PactFlow with SwaggerHub.

January 25, 2023

Venafi introduced TLS Protect for Kubernetes.