As fast as it is helping to accelerate cloud applications, Silicon Valley startup Instart Logic continues to grow, landing a $43 million expansion funding round to support that growth.
The round follows a previous funding round almost exactly a year ago. The company continues to build a patent portfolio for its technology that it calls Software-Defined Application Delivery platform (SDAD).Instart Logic hopes this intelligent software will disrupt the traditional content delivery network (CDN) market through showing its approach solves performance challenges inherent in wireless connections making content delivery networks obsolete, according to the company.
The Series D round included some key hires, and was led by new investors Four Rivers Group and Hermes Growth Partners, with participation from existing investors including Andreessen Horowitz, Kleiner Perkins Caufield and Byers, and Tenaya Capital.
The company also announced that it has added Rafael Torres as Chief Financial Officer (CFO), Shailesh Shukla as vice president of products and strategy, and Justin Fitzhugh as vice president of technical operations.
In addition to raising additional funds and filling key executive positions in the company, Instart Logic continues to win big accounts - noting that Staples, The Washington Post, TUI Group and Pizza Hut all utilize its service. Advisory firm Enterprise Strategy Group says that for the top 30 e-commerce websites based on the Keynote Mobile Commerce Performance Index, SDAD delivers a 75 percent overall reduction in mobile website load times as compared to traditional CDNs.
"Instart Logic is developing the speed, security and scale capabilities that companies like Apple, Amazon and Google have built for themselves and are making this available to everyone," said Brian Melton, managing director at Tenaya Capital. "With its software-defined application delivery approach, the company is disrupting the legacy content delivery network market to meet the current and future needs of global enterprises."