California: Cloudmeter that was previously Atomic Labs has closed a $5 million in series A round of funding. The round was led by Meakem Becker Venture Capital and will support the company’s introduction of its next generation Real User Monitoring as a Service offering.

The company is a pioneer in the area of big data capture and analytics, was one of the first companies to identify the potential and needs around leveraging the massive amounts of data that flows through companies networks. The Cloudmeter Maas solution, to be introduced this year, is designed to help customers understand and improve their end-users’ experiences.

“I am thrilled to be working again with Glen Meakem and Dave Becker, and also about our soon to be introduced Cloudmeter MaaS solution. It is the result of our team’s many years of experience helping customers leverage the large amounts of data that go through their networks for the benefit of their end-users and businesses,” said Mike Dickey, Cloudmeter Founder and CEO.

The investment will also allow the company to expand development, sales and marketing to support growing demand for its current Pion Enterprise and Pion Replay products. Concurrent with the investment, the company has also changed its name from Atomic Labs to Cloudmeter Inc., aligning its name with its future direction. It expects to finalise the rebranding process over the next few months.

 “I am very excited about working with Mike and about Cloudmeter’s upcoming MaaS product as well as the growing demand for its current real-time big data analytics and replay solutions. We invested in the previous company Mike founded and were very impressed with his ability to introduce pioneering and innovative solutions that become market standards,” said Glen Meakem, Managing Director of MBVC.