The automated error monitoring startup Qbaka announced yesterday that it had raised $200,000 in seed stage funding from Maxfield Capital, a Moscow-based venture firm with a $100 million fund, and Altair, the investment firm of angel Igor Ryabenkiy. The round, however, is not closed, and may be completed by additional investors, according to Qbaka's cofounder Andrey Mima.
After being accepted into this summer's class of MassChallenge companies, the startup's two founders left St. Petersburg, Russia for our fair city of Boston to further develop their JavaScript error monitoring solution. Started in 2012, Qbaka solution provides real-time automated monitoring, along with analysis, notifications and feedback on errors, without user intervention. By simply inserting a small block of code on the back-end of a site, companies can stop worrying about site bugs and focus on continuing to provide the best possible online experience for customers and users.
"Many times, there are lots of errors within the the code, but it's hard to get info from users," Qbaka cofounder and CEO Andrey Mima explained to BostInno in early September. "That's why we created an automated solution to monitor to the front end of the site."
The company claims that the solution is currently used by over 1,000 developers in 450 companies across sectors, including everything from e-commerce, social, and entertainment websites to online dating services and data tools. About a fifth of these companies have signed up for the paid version. For the past year, the company has been offering the product at a rate of $20 a month; however, Mima said that the price will soon be jumping to $50.
Around 30 percent of Qbaka's clients are from Russia, with the other 70 percent coming from companies around the United States and Europe.
