US-based mobile performance platform provider HeadSpin has raised $20m in a series B round that included subsidiaries of telecommunications company Telstra and internet and technology group Alphabet.
Telstra Ventures and GV were joined by multi-family office Iconiq Capital and venture capital firms Battery Ventures, NextWorld Capital, Nexus Venture Partners and EQT Ventures, early-stage investment fund Danhua Capital and private investors including Kearny Jackson, Adam D’Angelo, Ross Mason and Ryan Hoover.
HeadSpin’s Mobile Performance Platform gives app developers, mobile carriers and mobile device makers detailed user experience information on mobile apps which can support testing, debugging and optimisation. It takes data from more than 22,000 SIM-enabled devices in more than 150 locations.
The round valued HeadSpin at $500m according to TechCrunch. The company, which was founded in 2015 before emerging from stealth in November 2017, received an undisclosed amount from Wipro Ventures, IT services firm Wipro’s investment arm, the same month.
HeadSpin described GV, Telstra Ventures, Danhua Capital, Nexus and NextWorld as existing investors in the latest round.
Karim Faris, general partner at GV, said: “The HeadSpin platform signals a radical shift in the approach to both building and monitoring users’ mobile experiences.
“Traditional solutions have only simulated real-world conditions for developers or offered very limited manual testing that does not scale. HeadSpin is the first deep, AI-driven platform that helps find the root cause of quality and user experience problems without introducing any overhead or requiring a complex installation.”