Snapt Inc.
TypePrivate
IndustryComputer Software
HeadquartersCape Town, South Africa
Key people
Founder and CEO: David Blakey
ProductsApplication delivery controller
Load balancing
Websitecorp.snapt.net

Snapt Inc. was a software company that provides load balancing, acceleration, security and caching for websites, applications and services. Snapt shut down in August, 2022

The company's primary products are Snapt Aria and Snapt Nova, both application delivery controller or ADCs.

History

Snapt Inc. was founded in 2012 in South Africa and had an office and headquarters, in Cape Town, South Africa.[1]

Competitors include: F5 Networks, KEMP Technologies, Cisco Systems, and Citrix Systems.

Snapt shut down in August, 2022

Business

Snapt Inc.’s product range helps optimize and offload content through load balancing, web acceleration, web application firewalling and global server load balancing. It spread requests between various servers to ensure that websites, applications, and services load as quickly as possible.[2]

The company achieved year-on-year growth of 400% in both 2014 and 2015.[3]

In 2016, Snapt Inc's load balancing and web acceleration offering had been used by over 10,000 clients in 50 countries [4] including: Intel, Target, Cisco Systems and MTV. [5] In mid-2016, the company raised $1 million in investment funding, from private equity and venture capital firm, Convergence Partners.[6]

In mid-2018, the company raised a further $3 million in series A funding, from private equity and venture capital firm, Convergence Partners, Nedbank and other investors.[7]

In August, 2022, Snapt lost investor funding and closed its doors, releasing all employees.

Technology

Snapt Inc's ADC solution includes a layer 7 load balancer, web accelerator for web acceleration and caching, as well as a web application firewall.[8]

The company's offerings are virtual machine (VM), Kubernetes and cloud-based.[3]

Official website

References

  1. ↑ "SA's Snapt opens US office as it exceeds 10k customers". Disrupt Africa. Retrieved 2017-07-06.
  2. ↑ "SA-based Snapt expands after nabbing $1m in funding". Ventureburn. Retrieved 2017-07-06.
  3. 1 2 "SA start-up Snapt scores $1 million in funding". BusinessTech. Retrieved 2017-05-20.
  4. ↑ "How one African Misruptive Innovation Company Is Storming a Key US Market". Sable Network. Retrieved 2017-05-20.
  5. ↑ Oxford, Tamsin "In a Snapt", Brainstorm Magazine, South Africa, 2017-03-23. Retrieved on 2017-05-23
  6. ↑ "App Delivery Software Snapt Receives $1M in Growth Funding". FINSMES. Retrieved 2017-07-06.
  7. ↑ "Snapt Secures $3 Million in Series A Funding". DevOpsDigest. Retrieved 2020-05-05.
  8. ↑ "SA software startup Snapt raises $1m to aid expansion". Disrupt Africa. Retrieved 2017-07-06.
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