"Home prices driving tech workers overseas"
The company has developed a product that enables a company to know when a new code breaks or slows down.
Server debugging developer Takipi Ltd. has raised $4.5 million in its first financing round from Menlo Ventures. The company has developed a product that enables a company to know when a new code breaks or slows down, see a code reply for each error, and obtain new types of data, such as fail rate, total calls in the entire code, main paths in the code and how it changes. Last week, it launched the full version of its product, which will be offered for free through the end of 2013. It will use the financing to further develop the product.
Takipi was founded in 2012 by CEO Tal Weiss, who previously founded VisualTao, which was acquired by AutoDesk, and VP marketing Iris Shoor. They founded Takipi to address a problem caused by the rapid expansion of VisualTao: the effect of code changes on the product. Takipi previously raised several hundred thousand dollars in seed financing.
Takipi creates a new way for companies to deal with rapid deployments, reducing the risk of breaking their product. The company's proprietary technology maps live code in the cloud to reach new types of data which have not been previously accessible, making it possible to know when a small spark is about to start a fire (such as when new code breaks) before it wrecks the product.
Menlo Ventures makes few investments in Israel, and this is its first early-stage investment in an Israeli company.
Published by Globes [online], Israel business news - www.globes-online.com - on December 5, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013
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