The Lowdown: BlazeMeter launched less than a year ago -- February 2011 to be exact -- and came out swinging with its cloud-based service for load and performance testing. And in December, the momentum continued, with the Tel Aviv-based company revealing that it raked in $1.2 million in venture funding. BlazeMeter's service is based on the Apache JMeter open-source project. It does load and performance testing for Web applications and determines how apps and systems will perform under certain circumstances. The company said it provides realtime analysis of user impact on Web apps and cloud services.