2 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 Tweets

 
 
 

10 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

 
Update
2

Tweets

 
 

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

Wireless cooling: Magnets to keep your fridge cool
New York, July 29 (IANS) Magnets may soon act as wireless cooling agents for your refrigerators, laptops and other devices if a theory propounded by researchers at Massachusetts Institute of Technology in the US finds application.
 
 
Human-induced water vapour next climate threat
New York, July 29 (IANS) The rising levels of water vapour in the upper troposphere - a key amplifier of global warming - owing to greenhouse gases will intensify climate change impacts over the next decades, scientists said.
 
 
In changing times, women find losing virginity enjoyable
London, July 29 (IANS) Did you feel guilty after having sex for the first time? Take heart as young women today are actually "enjoying losing their virginity" compared to earlier days.
 
 
Cool flames in space to lead better engines on Earth
Washington, July 29 (IANS) A new space experiment can change the way humans travel. In a series of trials on board the International Space Station (ISS), researchers have discovered a type of cool-burning flames that could lead to cleaner, more efficient engines for cars.
 
 
 

Latest from the Network

Kazakh volleyballer becomes new Internet sensation
Almaty, July 29 (IANS) It took just a few days for Sabina Altynbekova, an under-19 female volleyball player from Kazakhstan, to hit stardom. After some performances during a youth tournament in Taipei last week, the...
Read more on Sport Balla
 
Indian para-swimmer Gayakwad misses out on bronze
Glasgow, July 29 (IANS) Indian para-swimmer Sharath Gayakwad missed out on the men's 200-metre individual medley SM8 bronze finishing fourth in the final of the event at the Tollcross Swimming Centre here in the...
Read more on Sport Balla
 
Lens returns to French Ligue 1
Paris, July 29 (IANS) Lens football club were promoted to the top flight, French Ligue 1, after successfully appealing a ban on financial grounds. Lens were banned from the Ligue 1 after failing to produce the...
Read more on Sport Balla
 
Sharadha fails to qualify for women's 100m finals
Glasgow, July 29 (IANS) Indian athlete Narayana Sharadha failed to qualify for the women's 100 metres final at the Commonwealth Games here. The 27-year-old Chennai-born finished sixth out of seven competitors in the...
Read more on Sport Balla
 
Cleanliness, punctuality Modi's mantra: Chinese daily
Beijing, July 29 (IANS) New vigour is sweeping through Indian government offices after Narendra Modi became the prime minister with ministers conducting surprise checks to see if bureaucrats are in their seats in time...
Read more on Politics Balla
 
MH17 investigators fail to reach crash site
Canberra, July 29 (IANS) Australian and Dutch investigators have failed for a third consecutive day to reach the MH17 crash site because of fierce fighting between Ukrainian troops and pro-Russian separatists,...
Read more on Politics Balla
 
Indian nurses now caught in Libyan conflict
New Delhi, July 29 (IANS) In a near replay of the incidents in Iraq, a large number of Indian nurses are caught amid spiralling violence in Libya, where rival militias seek to control the capital's international...
Read more on Politics Balla
 
Audrina Patridge splits from boyfriend
Audrina Patridge has split from her boyfriend. The reality TV star and Australian BMX rider Corey Bohan have split for good after five years of dating and though they have parted ways previously, insiders don't believe...
Read more on Celebrity Balla
 
Robert Downey Jr. excited to shop for baby
Robert Downey Jr. can't wait to go shopping for his baby daughter. The 49-year-old actor and wife Susan Levin will welcome a little girl into the world in November and he is planning to shower the latest edition to his...
Read more on Celebrity Balla
 
Joe Manganiello struggled to understand Sofia's Colombian family
Joe Manganiello found it difficult to understand Sofia Vergara's Colombian family when she introduced them over the weekend. The 'Modern Family' actress and the 'True Blood' star, who started dating earlier this month,...
Read more on Celebrity Balla