Snapt, a South African company that made software-based load balancers and application delivery controllers (ADCs), has shut down over after failing to meet some financial needs and obligation

Snapt was started in South Africa in 2012. In 2015, to keep up with rising demand, it set up a separate sales and marketing arm in the United States (US).

In December 2018, the startup raised US$3 million in Series A funding to expand sales and marketing efforts globally, including the expansion of its US presence and worldwide channel programme, in addition to key research and development initiatives.

However, the company has taken on no funding since, and now seems to have run out of runway. In a message to customers, it said it would be closing its doors and offered support to help clients transition away from its services.

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“Over the past 12 months, Snapt has been in a growth phase of its business, driven by increased demand for our products from large enterprise customers,” the company said.

“Given recent unforeseen events, outside of our control, Snapt has been left with no option but to cease operations immediately, as we believe this is in the best interests of our staff and clients. We are extremely saddened by this, especially given the recent growth of the business, and grateful for all the amazing interactions we’ve had with our clients over the years.”

Snapt will no longer sell its existing software licences, Nova, NovaSense, and Aria. At the end of this month, it will shut down the Nova platform, and all Nova systems will cease to operate. Support services for Aria will also be stopped. Snapt also revealed that until then, it would keep helping all of its clients and platforms that were already in use.