Israeli cloud-based networking company Teridion, which delivers a much faster internet experience, has raised $20 million, having closed a $15 million Series B round of financing led by Jerusalem Venture Partners (JVP), Magma Venture Partners and Singtel Innov8.
The company has also announced general availability of its advanced Global Cloud Network to provide up to 20x performance improvement for end-user generated bi-directional Internet content. The company’s solution is currently being used by more than 15 companies, spanning some of the most bandwidth-demanding applications and services, such as hosting and file sharing, rich media and advertising.
The company is headquartered in San Francisco and has its development offices in Petah Tikva.
With the general availability of its flagship product and funding, the company will accelerate its go-to-market strategy and grow its team both in the US and internationally
Teridion founder and CEO Elad Rave said, “The Internet is an incredibly powerful tool, but until now, we have struggled to take full advantage of its capabilities. It’s still common for us to fall victim to slow response times and volatile connections. We are breaking down these boundaries and providing users with a seamless Internet experience no matter their location, device or application. It’s our goal to bring customer loyalty to the forefront, and the funding and general availability of our product are major steps in this direction.”
Singtel Innov8 managing director Jeff Karras said, "Teridion is disrupting a 20-year old approach to content delivery with a product that, simply put, makes the Internet much faster. We’re excited to help Teridion grow, while also adopting its technology to create a faster, more seamless Internet experience for the Singtel Group’s customers.”
Published by Globes [online], Israel business news - www.globes-online.com - on September 30, 2015
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