360° Coverage : Instart Logic Secures $26 Million in Series C Funding Round, Led...

1 Updates

Instart Logic Secures $26 Million in Series C Funding Round, Led by Kleiner Perkins Caufield & Byers

May 16 2014, 5:58am CDT | by

Instart Logic announced it has raised $26 million in an oversubscribed Series C funding led by Kleiner Perkins Caufield & Byers (KPCB) with participation from prior investors Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and Tenaya Capital.

Mountain View, CA, May 16, 2014 --(PR.com)-- Instart Logic, the cloud application delivery service for performance-obsessed organizations, today announced it has raised $26 million in an...

Filed under: news

YouTube Videos

 
 
 

19 weeks ago

Instart Logic Secures $26 Million in Series C Funding Round, Led by Kleiner Perkins Caufield & Byers

May 16 2014, 5:58am CDT | by

Instart Logic announced it has raised $26 million in an oversubscribed Series C funding led by Kleiner Perkins Caufield & Byers (KPCB) with participation from prior investors Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and Tenaya Capital.

Mountain View, CA, May 16, 2014 --(PR.com)-- Instart Logic, the cloud application delivery service for performance-obsessed organizations, today announced it has raised $26 million in an oversubscribed Series C funding to continue the company’s rapid sales growth and accelerate product innovation. The round was led by Kleiner Perkins Caufield & Byers (KPCB) with participation from prior investors Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and Tenaya Capital.

These funds come at a time of exponential growth for Instart Logic, whose customer base has grown by more than 500 percent over the past year. Companies such as One Kings Lane, Volcom, Washington Post, Wine.com and Omni Hotels have replaced their existing content delivery network (CDNs) with Instart Logic’s service. Industry influencers have also taken note: Gartner recently named Instart Logic to its list of “Cool Vendors in Web Computing, 2014.” With this industry recognition, increasing interest from e-commerce, SaaS and media companies, and the company’s unique software technologies, Instart Logic is transforming the multi-billion-dollar market for application delivery solutions. Proceeds from this round will be used to expand sales and marketing and accelerate research and development.

“Application performance and user experience have never been a more strategic, competitive differentiator,” said Matt Murphy, general partner, KPCB. “Instart Logic’s application streaming approach is fundamentally different, delivering dramatic results for their customers and making existing content delivery networks obsolete.”

“In less than 12 months, Instart Logic has introduced many of the world’s most performance-obsessed companies to a new way of accelerating their cloud applications,” said Manav Mital, CEO, Instart Logic. “We’ve only scratched the surface of our technology potential, and we are pleased that KPCB is joining us to take our business into the next phase of growth.”

The growth in mobile devices, wireless access and application size has created new “last mile” bottlenecks in application performance. For e-commerce, SaaS and media companies, poor application performance leads to lost revenue, user dissatisfaction and fewer page views. Instart Logic’s unique cloud-client platform virtualizes applications on the browser and leverages software intelligence in the cloud to dynamically optimize delivery of application components on demand. This approach typically results in 2x-3x performance improvements over CDN and FEO technologies.

Contact Information:
Instart Logic
Corinna Krueger
1 510 219 3634
Contact via Email
instartlogic.com

Read the full story here: http://www.pr.com/press-release/558271

Press Release Distributed by PR.com

 

Don't miss ...

 

<a href="/latest_stories/all/all/29" rel="author">PR.com</a>
PR.com press-releases.

 

blog comments powered by Disqus

Latest stories

New material promises 'perfect' solar absorption
New York, Oct 1 (IANS) Researchers at the Massachusetts Institute of Technology (MIT) have developed a material that comes very close to being "ideal" for solar absorption.
 
 
Acupuncture may not improve chronic knee pain
Sydney, Oct 1 (IANS) Among patients older than 50 years with moderate to severe chronic knee pain, acupuncture does not improve discomfort any more than "sham" acupuncture, says a new study.
 
 
OPEC daily basket price closes lower
Vienna, Oct 1 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $94.17 a barrel Tuesday, compared to $94.54 Monday, the OPEC Secretariat said.
 
 
New test for early cancer detection
London, Oct 1 (IANS) Early detection of cancer could now be as easy as a simple blood test.
 
 
 

Latest from the Network

Asiad taekwondo: Indians knocked out
Incheon, Oct 1 (IANS) India's Nakul Malhotra (+87 kg) and Anand Pandia Rajan (-80 kg) were knocked out of men's quarter-final and Round of 16 matches, respectively, in men's taekwondo competition at the Asian Games...
Read more on Sport Balla
 
Skinny jeans, a staple trend
London, Oct 1 (IANS) Fashion trends come and go every season, but there have been particular standout styles over the past few years and one of them is skinny jeans. New research conducted by members at clothing label...
Read more on Celebrity Balla
 
India clinch women's hockey bronze at Asiad
Incheon, Oct 1 (IANS) The Indian women's hockey team put on a spectacular performance to defeat Japan 2-1 and claim the bronze medal at the 17th Asian Games here Wednesday. In a hard-fought playoff, India took an...
Read more on Sport Balla
 
Tintu runs out of steam, settles for silver
Incheon, Oct 1 (IANS) It was once again a case of so near and yet so far for India's Tintu Luka who, despite leading in most of the women's 800 metres final race, was overtaken by Kazakhstan's Margarita Mukasheva in...
Read more on Sport Balla
 
New material promises 'perfect' solar absorption
New York, Oct 1 (IANS) Researchers at the Massachusetts Institute of Technology (MIT) have developed a material that comes very close to being "ideal" for solar absorption. The material is a 2D metallic dielectric...
Read more on Business Balla
 
Monk posing with iPhone 6 may face disciplinary measures
Bangkok, Oct 1 (IANS) A monk in Vietnam could face disciplinary measures after photos of him posing with an iPhone 6 were posted on Facebook, a Buddhist leader said Wednesday. Thich Thanh Cuong, head of a Buddhist...
Read more on Politics Balla
 
Affleck's kids not interested in 'Batman'
Los Angeles, Oct 1 (IANS) Actor Ben Affleck, who has three children with wife and actor Jennifer Garner, says his kids don't care much about his role as Batman because they prefer Disney's "Frozen" movie. The actor is...
Read more on Celebrity Balla
 
Tintu Luka wins women's 800m silver
Incheon, Oct 1 (IANS) India's Tintu Luka brought home a silver medal from the women's 800 metres final at the Asian Games here Wednesday. Tintu led most of the race but was overtaken by Kazakhstan's Margarita...
Read more on Sport Balla
 
Neil Patrick Harris dares George Clooney
Los Angeles, Oct 1 (IANS) Taking a dig at actor George Clooney's Italian wedding, actor Neil Patrick Harris has dared the Hollywood heartthrob to share his wedding pictures on a talk show. Harris, who got married to...
Read more on Celebrity Balla
 
Acupuncture may not improve chronic knee pain
Sydney, Oct 1 (IANS) Among patients older than 50 years with moderate to severe chronic knee pain, acupuncture does not improve discomfort any more than "sham" acupuncture, says a new study. Sham acupuncture is any...
Read more on Business Balla